IBOV 174,379.77 ▼ 1.33% IPSA 11,017.94 ▲ 0.93% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,318,087 ▼ 0.04% COLCAP 2,283.17 — 0.00% BVL PERÚ 58,287.01 — — USD/BRL5.07▼ 0.21% USD/MXN17.48▼ 0.26% USD/CLP947.85▲ 0.21% USD/COP3,215▼ 0.03% USD/PEN3.40▲ 0.13% USD/ARS1,496▲ 0.47% USD/UYU40.14▲ 1.38% USD/PYG6,022▲ 1.26% USD/BOB11.18▲ 4.51% USD/DOP57.90▼ 0.43% USD/CRC449.17▲ 1.76% USD/GTQ7.63▲ 2.33% USD/HNL26.75▲ 0.82% USD/NIO36.62▲ 0.26% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▲ 0.11% USD/TTD6.71▲ 0.92% EUR/BRL5.77▼ 0.16% BRENT 96.50 ▼ 4.16% WTI 89.14 ▼ 3.31% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.60% GOLD 4,058 ▲ 0.27% SILVER 58.62 ▲ 1.42% SOY 1,253 ▲ 1.21% CORN 487.25 ▲ 5.01% WHEAT 679.00 ▼ 2.48% COFFEE 314.20 ▲ 1.55% SUGAR 14.76 ▲ 0.48% ORANGE JUICE 142.65 ▼ 2.83% COTTON 80.00 ▲ 0.20% COCOA 5,331 ▲ 0.57% BEEF 222.58 ▼ 1.25% CATTLE 342.05 ▼ 0.50% LITHIUM 67.90 ▼ 1.62% PETR4 42.31 ▼ 1.49% VALE3 75.28 ▼ 0.53% ITUB4 42.12 ▼ 1.03% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.43 ▼ 2.39% B3SA3 15.56 ▼ 0.58% WEGE3 45.54 ▼ 0.28% PRIO3 59.09 ▼ 2.40% SUZB3 41.85 ▼ 1.37% RENT3 36.81 ▼ 0.89% AZZA3 16.71 ▼ 1.99% CSAN3 3.80 ▼ 2.56% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▼ 4.18% GMAT3 3.80 ▼ 1.81% PSSA3 54.99 ▼ 0.34% CVCB3 1.36 ▲ 3.82% POSI3 3.52 ▼ 4.09% SLCE3 13.74 ▼ 0.22% NATU3 8.45 ▼ 1.29% BRKM5 6.09 ▼ 1.30% RANI3 7.95 ▲ 0.25% CSNA3 5.37 ▲ 1.32% CMIN3 5.74 ▼ 1.54% USIM5 8.63 ▲ 1.65% GGBR4 24.42 ▲ 1.50% ENEV3 24.95 ▼ 2.92% CPFE3 45.18 ▼ 2.25% CMIG4 11.04 ▼ 1.34% EQTL3 38.20 ▼ 2.10% LREN3 13.20 ▼ 1.27% VIVT3 35.38 ▲ 1.96% RAIL3 13.50 ▼ 3.30% KLABIN 17.48 ▼ 1.02% RAIA DROGASIL 17.87 ▼ 1.76% RDOR3 33.25 ▼ 1.25% HAPV3 9.99 ▼ 4.58% FLRY3 16.31 ▼ 1.63% SMTO3 15.28 ▼ 2.74% UGPA3 32.70 ▼ 2.07% VBBR3 35.21 ▼ 1.10% BBSE3 41.65 ▼ 1.77% BPAC11 54.84 ▼ 2.59% CURY3 29.59 ▼ 0.10% AERI3 2.04 ▲ 0.99% VIVARA 21.30 ▼ 0.70% COMPASS 24.67 ▼ 1.63% VAMOS 3.17 ▼ 1.25% SANB11 26.40 ▼ 0.86% ASAI3 7.90 ▼ 1.50% SBSP3 28.41 ▼ 1.18% WALMEX 47.96 ▲ 1.31% GMEXICO 209.49 ▲ 0.11% FEMSA 222.97 ▲ 0.28% CEMEX 21.25 ▼ 1.07% GFNORTE 192.33 ▲ 1.62% BIMBO 58.58 ▼ 0.85% TELEVISA 9.80 ▲ 0.10% AMX 22.91 ▲ 0.66% GAP 376.24 ▼ 0.06% ASUR 269.01 ▼ 0.31% OMA 226.79 ▼ 0.23% KOF 179.75 ▲ 0.02% GRUMA 266.00 ▼ 1.09% KIMBER 39.60 ▲ 0.84% SQM-B 66,293 ▲ 1.21% COPEC 6,330 ▲ 1.12% BSANTANDER 80.45 ▲ 0.56% FALABELLA 6,086 ▲ 0.46% ENELAM 85.46 ▲ 0.54% CENCOSUD 1,973 ▲ 0.23% CMPC 1,035 ▼ 1.56% BANCO CHILE 194.40 ▲ 1.93% LATAM AIR 24.16 ▲ 2.81% YPF 82,350 ▼ 0.15% GGAL 8,105 ▲ 2.01% PAMPA 5,570 ▼ 1.07% TXAR 672.50 ▼ 1.10% ALUAR 973.00 ▼ 0.97% TGS 9,845 ▼ 1.50% CEPU 2,389 ▼ 1.28% MIRGOR 16,550 ▼ 1.05% COME 42.35 ▼ 0.42% LOMA NEGRA 3,663 ▼ 2.72% BYMA 298.00 ▲ 1.88% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.16 ▼ 1.07% BANCOLOMBIA 86.94 ▲ 0.17% GRUPO AVAL 4.89 ▼ 1.01% CREDICORP 390.09 ▲ 0.63% SOUTHERN COPPER 180.89 ▼ 0.73% BUENAVENTURA 30.98 ▼ 1.09% MERCADOLIBRE 1,812 ▲ 0.74% NUBANK 14.07 ▼ 0.88% XP 16.74 ▼ 0.56% PAGSEGURO 9.21 ▼ 2.64% STONE 10.89 ▼ 0.87% GLOBANT 31.72 ▲ 3.63% TECNOGLASS 44.92 ▲ 2.69% GAP AIRPORT 215.31 ▼ 0.07% ASUR 269.01 ▼ 0.31% OMA AIRPORT 103.91 ▼ 0.22% AMX ADR 26.19 ▲ 0.91% FEMSA ADR 127.53 ▲ 0.35% CEMEX ADR 12.12 ▼ 1.18% PETROBRAS ADR 18.79 ▼ 1.11% VALE ADR 14.82 ▼ 0.10% ITAU ADR 8.30 ▼ 0.60% SANTANDER BR 5.33 ▼ 0.65% AMBEV ADR 3.07 ▼ 0.81% CSN 1.07 ▲ 0.94% GERDAU 4.84 ▲ 1.47% LATAM ADR 50.63 ▲ 1.58% BTC 64,181 ▼ 1.33% ETH 1,860 ▼ 0.90% SOL 73.90 ▼ 2.58% XRP 1.09 ▼ 1.92% BNB 561.94 ▼ 0.88% ADA 0.16 ▼ 2.69% DOGE 0.07 ▼ 0.12% AVAX 6.23 ▼ 0.51% LINK 8.35 ▼ 1.37% DOT 0.81 ▼ 1.27% LTC 46.18 ▼ 1.59% BCH 209.65 ▼ 1.15% TRX 0.33 ▲ 0.48% XLM 0.18 ▼ 2.69% HBAR 0.07 ▼ 0.49% NEAR 1.81 ▼ 3.70% ATOM 1.39 ▼ 1.84% AAVE 93.99 ▼ 1.10% SELIC 14.25% EMBRAER 82.69 ▼ 0.85% EMBRAER ADR 65.10 ▼ 0.57% JBS 12.24 ▲ 0.87% JBS BDR 62.00 ▲ 0.29% MBRF3 14.87 ▼ 4.62% MBRFY 2.98 ▼ 3.56% INTER 5.38 ▼ 1.56% IBOV 174,379.77 ▼ 1.33% IPSA 11,017.94 ▲ 0.93% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,318,087 ▼ 0.04% COLCAP 2,283.17 — 0.00% BVL PERÚ 58,287.01 — — USD/BRL 5.07 ▼ 0.21% USD/MXN 17.48 ▼ 0.26% USD/CLP 947.85 ▲ 0.21% USD/COP 3,215 ▼ 0.03% USD/PEN 3.40 ▲ 0.13% USD/ARS 1,496 ▲ 0.47% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,022 ▲ 1.26% USD/BOB 11.18 ▲ 4.51% USD/DOP 57.90 ▼ 0.43% USD/CRC 449.17 ▲ 1.76% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.75 ▲ 0.82% USD/NIO 36.62 ▲ 0.26% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.11% USD/TTD 6.71 ▲ 0.92% EUR/BRL 5.77 ▼ 0.16% BRENT 96.50 ▼ 4.16% WTI 89.14 ▼ 3.31% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.60% GOLD 4,058 ▲ 0.27% SILVER 58.62 ▲ 1.42% SOY 1,253 ▲ 1.21% CORN 487.25 ▲ 5.01% WHEAT 679.00 ▼ 2.48% COFFEE 314.20 ▲ 1.55% SUGAR 14.76 ▲ 0.48% ORANGE JUICE 142.65 ▼ 2.83% COTTON 80.00 ▲ 0.20% COCOA 5,331 ▲ 0.57% BEEF 222.58 ▼ 1.25% CATTLE 342.05 ▼ 0.50% LITHIUM 67.90 ▼ 1.62% PETR4 42.31 ▼ 1.49% VALE3 75.28 ▼ 0.53% ITUB4 42.12 ▼ 1.03% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.43 ▼ 2.39% B3SA3 15.56 ▼ 0.58% WEGE3 45.54 ▼ 0.28% PRIO3 59.09 ▼ 2.40% SUZB3 41.85 ▼ 1.37% RENT3 36.81 ▼ 0.89% AZZA3 16.71 ▼ 1.99% CSAN3 3.80 ▼ 2.56% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▼ 4.18% GMAT3 3.80 ▼ 1.81% PSSA3 54.99 ▼ 0.34% CVCB3 1.36 ▲ 3.82% POSI3 3.52 ▼ 4.09% SLCE3 13.74 ▼ 0.22% NATU3 8.45 ▼ 1.29% BRKM5 6.09 ▼ 1.30% RANI3 7.95 ▲ 0.25% CSNA3 5.37 ▲ 1.32% CMIN3 5.74 ▼ 1.54% USIM5 8.63 ▲ 1.65% GGBR4 24.42 ▲ 1.50% ENEV3 24.95 ▼ 2.92% CPFE3 45.18 ▼ 2.25% CMIG4 11.04 ▼ 1.34% EQTL3 38.20 ▼ 2.10% LREN3 13.20 ▼ 1.27% VIVT3 35.38 ▲ 1.96% RAIL3 13.50 ▼ 3.30% KLABIN 17.48 ▼ 1.02% RAIA DROGASIL 17.87 ▼ 1.76% RDOR3 33.25 ▼ 1.25% HAPV3 9.99 ▼ 4.58% FLRY3 16.31 ▼ 1.63% SMTO3 15.28 ▼ 2.74% UGPA3 32.70 ▼ 2.07% VBBR3 35.21 ▼ 1.10% BBSE3 41.65 ▼ 1.77% BPAC11 54.84 ▼ 2.59% CURY3 29.59 ▼ 0.10% AERI3 2.04 ▲ 0.99% VIVARA 21.30 ▼ 0.70% COMPASS 24.67 ▼ 1.63% VAMOS 3.17 ▼ 1.25% SANB11 26.40 ▼ 0.86% ASAI3 7.90 ▼ 1.50% SBSP3 28.41 ▼ 1.18% WALMEX 47.96 ▲ 1.31% GMEXICO 209.49 ▲ 0.11% FEMSA 222.97 ▲ 0.28% CEMEX 21.25 ▼ 1.07% GFNORTE 192.33 ▲ 1.62% BIMBO 58.58 ▼ 0.85% TELEVISA 9.80 ▲ 0.10% AMX 22.91 ▲ 0.66% GAP 376.24 ▼ 0.06% ASUR 269.01 ▼ 0.31% OMA 226.79 ▼ 0.23% KOF 179.75 ▲ 0.02% GRUMA 266.00 ▼ 1.09% KIMBER 39.60 ▲ 0.84% SQM-B 66,293 ▲ 1.21% COPEC 6,330 ▲ 1.12% BSANTANDER 80.45 ▲ 0.56% FALABELLA 6,086 ▲ 0.46% ENELAM 85.46 ▲ 0.54% CENCOSUD 1,973 ▲ 0.23% CMPC 1,035 ▼ 1.56% BANCO CHILE 194.40 ▲ 1.93% LATAM AIR 24.16 ▲ 2.81% YPF 82,350 ▼ 0.15% GGAL 8,105 ▲ 2.01% PAMPA 5,570 ▼ 1.07% TXAR 672.50 ▼ 1.10% ALUAR 973.00 ▼ 0.97% TGS 9,845 ▼ 1.50% CEPU 2,389 ▼ 1.28% MIRGOR 16,550 ▼ 1.05% COME 42.35 ▼ 0.42% LOMA NEGRA 3,663 ▼ 2.72% BYMA 298.00 ▲ 1.88% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.16 ▼ 1.07% BANCOLOMBIA 86.94 ▲ 0.17% GRUPO AVAL 4.89 ▼ 1.01% CREDICORP 390.09 ▲ 0.63% SOUTHERN COPPER 180.89 ▼ 0.73% BUENAVENTURA 30.98 ▼ 1.09% MERCADOLIBRE 1,812 ▲ 0.74% NUBANK 14.07 ▼ 0.88% XP 16.74 ▼ 0.56% PAGSEGURO 9.21 ▼ 2.64% STONE 10.89 ▼ 0.87% GLOBANT 31.72 ▲ 3.63% TECNOGLASS 44.92 ▲ 2.69% GAP AIRPORT 215.31 ▼ 0.07% ASUR 269.01 ▼ 0.31% OMA AIRPORT 103.91 ▼ 0.22% AMX ADR 26.19 ▲ 0.91% FEMSA ADR 127.53 ▲ 0.35% CEMEX ADR 12.12 ▼ 1.18% PETROBRAS ADR 18.79 ▼ 1.11% VALE ADR 14.82 ▼ 0.10% ITAU ADR 8.30 ▼ 0.60% SANTANDER BR 5.33 ▼ 0.65% AMBEV ADR 3.07 ▼ 0.81% CSN 1.07 ▲ 0.94% GERDAU 4.84 ▲ 1.47% LATAM ADR 50.63 ▲ 1.58% BTC 64,181 ▼ 1.33% ETH 1,860 ▼ 0.90% SOL 73.90 ▼ 2.58% XRP 1.09 ▼ 1.92% BNB 561.94 ▼ 0.88% ADA 0.16 ▼ 2.69% DOGE 0.07 ▼ 0.12% AVAX 6.23 ▼ 0.51% LINK 8.35 ▼ 1.37% DOT 0.81 ▼ 1.27% LTC 46.18 ▼ 1.59% BCH 209.65 ▼ 1.15% TRX 0.33 ▲ 0.48% XLM 0.18 ▼ 2.69% HBAR 0.07 ▼ 0.49% NEAR 1.81 ▼ 3.70% ATOM 1.39 ▼ 1.84% AAVE 93.99 ▼ 1.10% SELIC 14.25% EMBRAER 82.69 ▼ 0.85% EMBRAER ADR 65.10 ▼ 0.57% JBS 12.24 ▲ 0.87% JBS BDR 62.00 ▲ 0.29% MBRF3 14.87 ▼ 4.62% MBRFY 2.98 ▼ 3.56% INTER 5.38 ▼ 1.56%
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Africa Eastern Africa

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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