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Montenegro is streaming to become recognizable destination for digital nomads

The work-anywhere-in-the-world or digital-nomad movement continues to accelerate with remote work becoming common place. Globalization, technological innovation, artificial intelligence and automation are driving significant changes in the work models and employment structures across the world. The COVID-19 pandemic has demonstrated that the distance work arrangements became prevalent more than ever with an increasing interest in the lifestyle of digital nomads.

 

 

The nomad generation is defined by their freedom to work from anywhere, where the only requirements are talent and connectivity. With working and traveling across the world, the new generation of workers brought diverse experiences to the table. Estonia has become the first country in the world to establish visas for digital nomads. In that regard, Estonia has made more progress than any other country. Some countries have already taken the steps to replicate the Estonia’s model.

Montenegro is a country that has a great potential for being a nomadic choice. The main advantages are favorable living costs, cheap and fast internet, favorable tax rates, low crime rate etc. Recognizing this fast-emerging trend, Montenegrin government started to work on increasing recognition of Montenegro as an attractive destination for digital nomads. Besides that, the Government of Montenegro is committed to improving the digitalization of public administration and innovation through legislation and strategic frameworks.

According to the plan of the Government of Montenegro, the country aims to attract 250 digital nomads by 2023 and 1.000 by 2025. The program defines strategic priorities and goals in the introduction of visas for digital nomads, the conditions for defining the status of digital nomads, the activities and analysis in order to assess the economic and social potential. It includes the incentives such as tax breaks and e-services to regulate digital nomads’ status.

 

 

If Montenegro became a globally attractive destination for digital nomads, it would not only help further tourism development, where revenue of an additional 100milion euros can be expected, but also it would make the information technology (IT) sector being another pillar of the Montenegrin economy.

With their deeper insights into local issues and indigenous communities, the new generation of workers is all set to usher in an era of responsible innovation for a sustainable future.

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