1 year
Initial Duration
$1,500
Monthly Income
$0
Application Fee
$1,200
Cost of Living/mo
Highlights
No application feeNo tax on foreign incomeIsland paradise
Requirements
Income Requirement$1,500/month
Health InsuranceRequired
Proof of AccommodationRequired
Background CheckNot Required
Processing Time1-2 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration1 year
Renewal Options1 year, renewable
Benefits
Work Permissionremote only
Tax BenefitsNo tax on foreign income
Path to ResidencyNo
Path to CitizenshipNo
Family IncludedYes
Things to Consider
- Remote location
- Limited flight options
- Small nomad community
Best For
- Beach lovers
- Tax optimizers
- Africa timezone
Lifestyle
Internet Quality3/5
Safety Rating4/5
Climatetropical
TimezoneUTC+4
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026