1 year
Initial Duration
$2,000
Monthly Income
$500
Application Fee
$800
Cost of Living/mo
Highlights
No tax on foreign incomeBeautiful beachesAffordable
Requirements
Income Requirement$2,000/month
Health InsuranceRequired
Proof of AccommodationRequired
Background CheckNot Required
Processing Time2-4 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
- Economic instability
- Infrastructure varies
- Power outages
Best For
- Budget nomads
- Surfers
- Tea lovers
Lifestyle
Internet Quality3/5
Safety Rating3/5
Climatetropical
TimezoneUTC+5:30
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026