IBOV 171,923 ▼ 0.06% IPSA 10,840 ▲ 0.72% IPC MEX 67,353 ▲ 0.58% MERVAL 3,097,682 ▼ 2.24% COLCAP 2,268.57 ▼ 0.02% BVL PERÚ 55,499.93 — 0.00% USD/BRL5.20▲ 0.66% USD/MXN17.55▲ 0.33% USD/CLP925.64▲ 0.24% USD/COP3,370▼ 2.13% USD/PEN3.42▼ 0.07% USD/ARS1,490▲ 0.40% USD/UYU40.12▲ 1.19% USD/PYG6,052▲ 1.44% USD/BOB6.85▲ 1.65% USD/DOP59.22▲ 0.94% USD/CRC451.40▲ 2.46% USD/GTQ7.62▲ 2.45% USD/HNL26.70▲ 0.51% USD/NIO36.62▲ 0.89% USD/VES631.78▲ 7.69% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.19▲ 0.37% USD/TTD6.73▲ 1.09% EUR/BRL5.91▼ 0.07% BRENT 71.34 ▼ 2.17% WTI 68.37 ▼ 1.63% IRON ORE 161.91 — — COPPER 6.18 ▼ 0.23% GOLD 4,084 ▲ 1.52% SILVER 60.59 ▲ 1.86% SOY 1,151 ▲ 3.07% CORN 441.75 ▲ 7.03% WHEAT 601.00 ▲ 3.49% COFFEE 315.90 ▲ 1.51% SUGAR 14.96 ▲ 4.32% ORANGE JUICE 170.70 ▼ 1.19% COTTON 77.98 ▲ 7.98% COCOA 5,069 ▲ 1.34% BEEF 242.30 ▼ 6.16% CATTLE 365.13 ▲ 0.14% LITHIUM 78.40 ▲ 0.15% PETR4 37.78 ▼ 0.05% VALE3 78.03 ▲ 0.19% ITUB4 42.60 ▲ 1.00% BBDC4 18.19 ▲ 0.60% ABEV3 16.32 ▲ 0.18% BBAS3 19.93 ▲ 0.10% B3SA3 14.54 ▲ 0.07% WEGE3 46.63 ▼ 0.60% PRIO3 52.47 ▲ 0.61% SUZB3 40.48 ▲ 1.84% RENT3 41.22 ▼ 0.77% AZZA3 17.63 ▼ 1.40% CSAN3 3.60 ▼ 2.70% RAIZ4 0.41 ▲ 7.89% PCAR3 2.30 ▼ 0.43% GMAT3 3.62 ▼ 1.36% PSSA3 53.10 ▲ 0.34% CVCB3 1.39 ▲ 2.21% POSI3 4.08 ▼ 0.49% SLCE3 12.71 ▼ 1.47% NATU3 8.63 ▼ 1.15% BRKM5 6.38 ▲ 0.31% RANI3 7.90 ▲ 0.77% CSNA3 4.62 — 0.00% CMIN3 4.16 ▼ 0.48% USIM5 8.57 ▲ 1.42% GGBR4 20.99 ▲ 1.01% ENEV3 26.43 ▼ 1.09% NEOE3 33.80 — 0.00% CPFE3 44.26 ▼ 1.16% CMIG4 10.82 ▼ 0.46% EQTL3 38.35 ▼ 1.52% LREN3 14.85 ▲ 0.61% VIVT3 34.24 ▲ 0.85% RAIL3 13.10 ▼ 2.46% KLABIN 16.78 ▲ 0.24% RAIA DROGASIL 16.69 ▼ 0.71% RDOR3 34.75 ▲ 0.12% HAPV3 10.40 ▲ 1.86% FLRY3 15.47 ▲ 0.45% SMTO3 15.90 ▲ 1.27% UGPA3 26.03 ▼ 0.12% VBBR3 29.66 ▼ 0.77% BBSE3 38.21 ▼ 2.45% BPAC11 53.91 ▼ 0.33% CURY3 34.61 ▼ 1.28% AERI3 2.05 ▲ 1.49% VIVARA 22.76 ▼ 0.52% COMPASS 24.49 ▲ 0.86% VAMOS 2.76 ▼ 1.78% SANB11 26.75 ▼ 0.19% ASAI3 8.70 ▼ 0.46% SBSP3 29.62 ▼ 0.07% WALMEX 51.00 ▼ 0.72% GMEXICO 197.06 ▼ 0.60% FEMSA 225.51 ▲ 1.15% CEMEX 21.30 ▲ 1.43% GFNORTE 190.00 ▲ 2.94% BIMBO 56.39 ▼ 1.33% TELEVISA 9.69 ▲ 1.25% AMX 22.68 ▲ 0.13% GAP 446.50 ▲ 0.96% ASUR 307.56 ▲ 0.28% OMA 244.14 ▼ 1.41% KOF 186.08 ▲ 0.64% GRUMA 278.47 ▼ 0.88% KIMBER 38.40 ▲ 0.58% SQM-B 69,500 ▲ 1.53% COPEC 5,815 ▲ 1.12% BSANTANDER 75.58 ▲ 0.11% FALABELLA 5,757 ▲ 0.01% ENELAM 81.89 ▼ 0.86% CENCOSUD 2,116 ▼ 0.66% CMPC 1,030 ▲ 0.42% BANCO CHILE 181.00 ▲ 0.28% LATAM AIR 26.35 ▼ 1.72% YPF 69,575 ▼ 2.18% GGAL 7,570 ▼ 2.82% PAMPA 5,000 ▼ 2.34% TXAR 660.50 ▼ 0.30% ALUAR 977.50 ▼ 0.36% TGS 8,990 ▼ 2.81% CEPU 2,245 ▼ 2.69% MIRGOR 16,300 ▲ 0.46% COME 41.20 ▼ 1.72% LOMA NEGRA 3,513 ▼ 2.63% BYMA 307.25 ▼ 0.89% TELECOM ARG 3,935 ▼ 2.72% ECOPETROL 14.65 ▲ 2.88% BANCOLOMBIA 78.63 ▼ 1.01% GRUPO AVAL 5.15 ▲ 2.43% CREDICORP 396.79 ▲ 1.85% SOUTHERN COPPER 171.00 ▼ 1.87% BUENAVENTURA 29.23 ▼ 0.20% MERCADOLIBRE 1,738 ▲ 2.40% NUBANK 13.66 ▲ 2.21% XP 16.37 ▲ 0.65% PAGSEGURO 9.11 ▲ 0.61% STONE 11.19 ▲ 3.23% GLOBANT 31.76 ▲ 9.74% TECNOGLASS 48.37 ▲ 3.33% GAP AIRPORT 254.65 ▲ 0.59% ASUR 307.56 ▲ 0.28% OMA AIRPORT 111.45 ▼ 1.45% AMX ADR 25.81 ▼ 0.69% FEMSA ADR 128.71 ▲ 0.63% CEMEX ADR 12.15 ▲ 1.21% PETROBRAS ADR 16.00 ▼ 0.99% VALE ADR 14.98 ▼ 0.43% ITAU ADR 8.19 ▲ 0.24% SANTANDER BR 5.21 ▼ 0.74% AMBEV ADR 3.12 ▼ 0.63% CSN 0.90 ▼ 1.31% GERDAU 4.05 ▲ 0.12% LATAM ADR 56.91 ▼ 2.33% BTC 60,091 ▲ 2.62% ETH 1,620 ▲ 3.19% SOL 77.59 ▲ 5.53% XRP 1.06 ▲ 2.04% BNB 552.68 ▲ 1.28% ADA 0.15 ▲ 6.96% DOGE 0.07 ▲ 1.55% AVAX 6.72 ▲ 2.96% LINK 7.38 ▲ 2.71% DOT 0.84 ▲ 1.99% LTC 42.51 ▲ 1.51% BCH 212.60 ▲ 6.57% TRX 0.32 ▲ 0.89% XLM 0.20 ▲ 5.99% HBAR 0.07 ▲ 3.59% NEAR 1.82 ▲ 2.34% ATOM 1.55 ▲ 2.81% AAVE 86.00 ▲ 1.16% SELIC 14.25% EMBRAER 82.75 ▲ 1.10% EMBRAER ADR 63.89 ▲ 0.14% JBS 12.03 ▲ 1.52% JBS BDR 62.38 ▲ 2.51% MBRF3 18.36 ▲ 1.83% MBRFY 3.50 ▲ 0.86% INTER 5.62 ▲ 3.41% IBOV 171,923 ▼ 0.06% IPSA 10,840 ▲ 0.72% IPC MEX 67,353 ▲ 0.58% MERVAL 3,097,682 ▼ 2.24% COLCAP 2,268.57 ▼ 0.02% BVL PERÚ 55,499.93 — 0.00% USD/BRL 5.20 ▲ 0.66% USD/MXN 17.55 ▲ 0.33% USD/CLP 925.64 ▲ 0.24% USD/COP 3,370 ▼ 2.13% USD/PEN 3.42 ▼ 0.07% USD/ARS 1,490 ▲ 0.40% USD/UYU 40.12 ▲ 1.19% USD/PYG 6,052 ▲ 1.44% USD/BOB 6.85 ▲ 1.65% USD/DOP 59.22 ▲ 0.94% USD/CRC 451.40 ▲ 2.46% USD/GTQ 7.62 ▲ 2.45% USD/HNL 26.70 ▲ 0.51% USD/NIO 36.62 ▲ 0.89% USD/VES 631.78 ▲ 7.69% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.19 ▲ 0.37% USD/TTD 6.73 ▲ 1.09% EUR/BRL 5.91 ▼ 0.07% BRENT 71.34 ▼ 2.17% WTI 68.37 ▼ 1.63% IRON ORE 161.91 — — COPPER 6.18 ▼ 0.23% GOLD 4,084 ▲ 1.52% SILVER 60.59 ▲ 1.86% SOY 1,151 ▲ 3.07% CORN 441.75 ▲ 7.03% WHEAT 601.00 ▲ 3.49% COFFEE 315.90 ▲ 1.51% SUGAR 14.96 ▲ 4.32% ORANGE JUICE 170.70 ▼ 1.19% COTTON 77.98 ▲ 7.98% COCOA 5,069 ▲ 1.34% BEEF 242.30 ▼ 6.16% CATTLE 365.13 ▲ 0.14% LITHIUM 78.40 ▲ 0.15% PETR4 37.78 ▼ 0.05% VALE3 78.03 ▲ 0.19% ITUB4 42.60 ▲ 1.00% BBDC4 18.19 ▲ 0.60% ABEV3 16.32 ▲ 0.18% BBAS3 19.93 ▲ 0.10% B3SA3 14.54 ▲ 0.07% WEGE3 46.63 ▼ 0.60% PRIO3 52.47 ▲ 0.61% SUZB3 40.48 ▲ 1.84% RENT3 41.22 ▼ 0.77% AZZA3 17.63 ▼ 1.40% CSAN3 3.60 ▼ 2.70% RAIZ4 0.41 ▲ 7.89% PCAR3 2.30 ▼ 0.43% GMAT3 3.62 ▼ 1.36% PSSA3 53.10 ▲ 0.34% CVCB3 1.39 ▲ 2.21% POSI3 4.08 ▼ 0.49% SLCE3 12.71 ▼ 1.47% NATU3 8.63 ▼ 1.15% BRKM5 6.38 ▲ 0.31% RANI3 7.90 ▲ 0.77% CSNA3 4.62 — 0.00% CMIN3 4.16 ▼ 0.48% USIM5 8.57 ▲ 1.42% GGBR4 20.99 ▲ 1.01% ENEV3 26.43 ▼ 1.09% NEOE3 33.80 — 0.00% CPFE3 44.26 ▼ 1.16% CMIG4 10.82 ▼ 0.46% EQTL3 38.35 ▼ 1.52% LREN3 14.85 ▲ 0.61% VIVT3 34.24 ▲ 0.85% RAIL3 13.10 ▼ 2.46% KLABIN 16.78 ▲ 0.24% RAIA DROGASIL 16.69 ▼ 0.71% RDOR3 34.75 ▲ 0.12% HAPV3 10.40 ▲ 1.86% FLRY3 15.47 ▲ 0.45% SMTO3 15.90 ▲ 1.27% UGPA3 26.03 ▼ 0.12% VBBR3 29.66 ▼ 0.77% BBSE3 38.21 ▼ 2.45% BPAC11 53.91 ▼ 0.33% CURY3 34.61 ▼ 1.28% AERI3 2.05 ▲ 1.49% VIVARA 22.76 ▼ 0.52% COMPASS 24.49 ▲ 0.86% VAMOS 2.76 ▼ 1.78% SANB11 26.75 ▼ 0.19% ASAI3 8.70 ▼ 0.46% SBSP3 29.62 ▼ 0.07% WALMEX 51.00 ▼ 0.72% GMEXICO 197.06 ▼ 0.60% FEMSA 225.51 ▲ 1.15% CEMEX 21.30 ▲ 1.43% GFNORTE 190.00 ▲ 2.94% BIMBO 56.39 ▼ 1.33% TELEVISA 9.69 ▲ 1.25% AMX 22.68 ▲ 0.13% GAP 446.50 ▲ 0.96% ASUR 307.56 ▲ 0.28% OMA 244.14 ▼ 1.41% KOF 186.08 ▲ 0.64% GRUMA 278.47 ▼ 0.88% KIMBER 38.40 ▲ 0.58% SQM-B 69,500 ▲ 1.53% COPEC 5,815 ▲ 1.12% BSANTANDER 75.58 ▲ 0.11% FALABELLA 5,757 ▲ 0.01% ENELAM 81.89 ▼ 0.86% CENCOSUD 2,116 ▼ 0.66% CMPC 1,030 ▲ 0.42% BANCO CHILE 181.00 ▲ 0.28% LATAM AIR 26.35 ▼ 1.72% YPF 69,575 ▼ 2.18% GGAL 7,570 ▼ 2.82% PAMPA 5,000 ▼ 2.34% TXAR 660.50 ▼ 0.30% ALUAR 977.50 ▼ 0.36% TGS 8,990 ▼ 2.81% CEPU 2,245 ▼ 2.69% MIRGOR 16,300 ▲ 0.46% COME 41.20 ▼ 1.72% LOMA NEGRA 3,513 ▼ 2.63% BYMA 307.25 ▼ 0.89% TELECOM ARG 3,935 ▼ 2.72% ECOPETROL 14.65 ▲ 2.88% BANCOLOMBIA 78.63 ▼ 1.01% GRUPO AVAL 5.15 ▲ 2.43% CREDICORP 396.79 ▲ 1.85% SOUTHERN COPPER 171.00 ▼ 1.87% BUENAVENTURA 29.23 ▼ 0.20% MERCADOLIBRE 1,738 ▲ 2.40% NUBANK 13.66 ▲ 2.21% XP 16.37 ▲ 0.65% PAGSEGURO 9.11 ▲ 0.61% STONE 11.19 ▲ 3.23% GLOBANT 31.76 ▲ 9.74% TECNOGLASS 48.37 ▲ 3.33% GAP AIRPORT 254.65 ▲ 0.59% ASUR 307.56 ▲ 0.28% OMA AIRPORT 111.45 ▼ 1.45% AMX ADR 25.81 ▼ 0.69% FEMSA ADR 128.71 ▲ 0.63% CEMEX ADR 12.15 ▲ 1.21% PETROBRAS ADR 16.00 ▼ 0.99% VALE ADR 14.98 ▼ 0.43% ITAU ADR 8.19 ▲ 0.24% SANTANDER BR 5.21 ▼ 0.74% AMBEV ADR 3.12 ▼ 0.63% CSN 0.90 ▼ 1.31% GERDAU 4.05 ▲ 0.12% LATAM ADR 56.91 ▼ 2.33% BTC 60,091 ▲ 2.62% ETH 1,620 ▲ 3.19% SOL 77.59 ▲ 5.53% XRP 1.06 ▲ 2.04% BNB 552.68 ▲ 1.28% ADA 0.15 ▲ 6.96% DOGE 0.07 ▲ 1.55% AVAX 6.72 ▲ 2.96% LINK 7.38 ▲ 2.71% DOT 0.84 ▲ 1.99% LTC 42.51 ▲ 1.51% BCH 212.60 ▲ 6.57% TRX 0.32 ▲ 0.89% XLM 0.20 ▲ 5.99% HBAR 0.07 ▲ 3.59% NEAR 1.82 ▲ 2.34% ATOM 1.55 ▲ 2.81% AAVE 86.00 ▲ 1.16% SELIC 14.25% EMBRAER 82.75 ▲ 1.10% EMBRAER ADR 63.89 ▲ 0.14% JBS 12.03 ▲ 1.52% JBS BDR 62.38 ▲ 2.51% MBRF3 18.36 ▲ 1.83% MBRFY 3.50 ▲ 0.86% INTER 5.62 ▲ 3.41%
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Mauritius Leads Africa in Budget-Friendly Digital Nomad Visas

By · October 11, 2024 · 2 min read

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African nations have entered the global competition for digital nomads, but their visa costs may hinder their appeal compared to Latin American countries.

Kenya’s new Class N Digital Nomad Visa demands proof of a $55,000 annual income, positioning it as one of the pricier options for remote workers.

Latin American countries offer more budget-friendly alternatives. Argentina’s visa costs just $200 with minimal paperwork and a $2,500 income requirement.

Brazil charges only $128 and requires a modest $1,500 monthly income. These lower thresholds make Latin American destinations highly attractive to a broader range of digital nomads.

Mauritius distinguishes itself in the African region with its Premium Travel Visa, requiring a monthly income of just $1,500.

Mauritius Leads Africa in Budget-Friendly Digital Nomad Visas
Mauritius Leads Africa in Budget-Friendly Digital Nomad Visas. (Photo Internet reproduction)
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This aligns more with Latin American standards and is considerably lower than Kenya’s more stringent requirements. Additionally, Namibia and South Africa have introduced visas for digital nomads.

While South Africa’s costs are comparable to Kenya’s, Namibia‘s income requirement of $2,000 makes it competitively priced, not only within Africa but also when compared to Latin American countries.

Digital Nomad Visa Costs in Africa

Kenya’s high visa cost raises concerns about its competitiveness in attracting remote talent. Despite its beautiful landscapes and growing tech scene, the steep financial requirements may discourage many potential applicants.

Mexico presents a more affordable option with a $53 visa fee, a reasonable $2,500 income requirement, and stays of up to four years.

African countries aim to attract high-earning professionals who can boost local economies without displacing resident workers.

This strategy reflects a global shift in work patterns accelerated by the COVID-19 pandemic. Nearly half of all countries worldwide now offer some form of digital nomad visa.

The success of these programs hinges on balancing revenue generation with creating an inviting environment for global talent. While high costs may limit applicability, they could also attract a more affluent demographic.

African nations hope to stimulate tourism, boost local economies, and enhance their image as modern, tech-friendly destinations. As competition intensifies, African countries may need to reassess their visa terms.

Factors like cost, duration, and tax policies play crucial roles in attracting remote workers. The balance between generating revenue and creating an inviting environment for global talent will be key.

The effectiveness of these visa programs will depend on more than just cost. Quality of life, internet infrastructure, and cultural experiences all factor into a digital nomad’s decision.

African countries offer unique advantages in these areas, which could offset higher visa costs for some remote workers.

The digital nomad visa trend in Africa represents both opportunity and challenge. It opens doors for cultural exchange and economic growth but also raises questions about accessibility and long-term impact.

As these programs evolve, they will shape the future of work on the continent and influence Africa’s position in the global digital economy.

Part of our ongoing coverage

Africa: The New Scramble — the great-power contest over the continent.

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