Digital Nomad Newsletter, November 2019 #1

Many digital nomads love the fact that they can travel while they work. It can be natural to want to explore as much of the world as possible, since freelancers can earn money through the Internet. However, there appears to be a city that is trying to lure digital nomads into settling in a bit.

Tulsa Wants Nomads

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Tulsa, Oklahoma, is specifically hoping that remote workers will relocate to the city thanks to a program called Tulsa Remote. The program offers $10,000 freelancers to move, and also appears to provide housing and coworking incentives to remote workers, as well. 

The first $2500 covers relocation expenses and the rest of the money is paid out over the course of a year. When you consider that you can get consistently paid every month, take advantage of a paid relocation, and order the rest of what you need off Amazon – many might consider the move. Tulsa’s cost of living is also lower than the national average, as well.

Bahrain’s Bold Fintech Move

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Many countries are often discussed when it comes to fintech. Switzerland, for example, has established itself as a blockchain hub. Japan has also solidified its place as a leader in technology. However, it appears as though Bahrain is interested in the space.

Specifically, Bahrain is hoping to “fast-track” fintech startups and make it easier for them to move to the country and start doing business. This will include an “expedited entry process” involving visas, residency, and business registration, as well. 

This shouldn’t come as much of a surprise, considering that Bahrain’s central bank launched a regulatory sandbox for blockchain companies, indicating that it hopes to capitalize on the potential of blockchain technology in the future. Steve Wozniak, co-founder of Apple, is also apparently working on a new blockchain-powered project, as well.

A Platform For Remote Workers

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Some economic analysts seem to understand that remote working isn’t just an interesting trend; it’s a lifestyle choice that many younger professionals are willing to lead. Of course, Remote Year understands that all too well, as they are a Chicago-based travel platform that hopes to market directly to remote workers.

Remote Year recently raised $5 million to explore “new products and sales channels”, which means that the company has raised $17 million in funding in total. Over 2500 traveling professionals have already participated in the program. In other fintech news, Revolut might be raising funds soon at a $10 billion dollar valuation.

Is Vietnam The New Freelancer Hub?

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There are many professional freelancers that choose to work at coworking spaces, as they can provide a much-needed sense of community for remote workers. Workthere, a UK-based coworking company, is looking to make Vietnam a new home for many new spaces. The startup culture is vibrant in the country, and over 100,000 new businesses have already been registered in Vietnam in 2019 already.

In addition, over 30% of Vietnam’s population is under the age of 34. There is more of a need for coworking spaces in Vietnam than ever, which is why other coworking companies are looking to penetrate the Vietnamese market, as well. 

WeWork, the largest name in the sector, opened ten locations in Ho Chi Minh City last year. Between local companies and foreign startups, many believe that the market will only get hotter in the next coming years.

Is Paris The Place For Freelancers?

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There are plenty of things to consider when it comes to being a freelancer in a city. You might want to make sure that there are enough options for coffee shops so that you can get the right quality cup of java while you earn your rent money. You might want to make sure that there are enough nightlife options if you are single, or that the cost of living isn’t too high. In addition, thanks to companies like Rakuten; freelancers can learn about new subjects from anywhere in the world.

It appears as though the city that might be the best for freelancers is Paris, according to a recent survey. The city has many freelance jobs available, which is important to digital nomads who want to make sure that income is consistent. The article also referenced the city’s “emerging creatve scene”, as well. In the survey, New York City came in second place, and London came in third.