When looking for an ideal remote working destination, digital nomads seek a blend of convenience and inspiration. As traditional hotspots lose their luster, Asian countries like Singapore and Indonesia have emerged as attractive options.
This is because Singapore provides a well-structured and cosmopolitan environment, while Indonesia offers cultural richness and affordability.
But what is the right jurisdiction choice for you? In our article, we will provide an essential comparison between the two.
The importance of working locations for digital nomads
The landscape of remote working has undergone a significant transformation in recent years. As technology advances, a new wave of professionals known as “digital nomads”, who tend to move around every 3 to 9 months, has emerged.
Digital nomads prioritize flexibility, autonomy, and a harmonious blend of work and personal life. These preferences have led to the need for unconventional destinations that offer not only functional workspaces but also enriching experiences.
The final decision should be shaped by a balance of infrastructure, cost, work opportunities, lifestyle desires, and individual goals. Therefore, as an aspiring entrepreneur, you should thoroughly assess all vital elements before choosing the next place to visit.
Why is Asia rising as the new hotspot center?
Due to the increasing living cost in certain developed nations, digital nomads are now venturing into more budget-friendly alternatives, particularly in Asian countries.
According to the 2023 Nomad List which evaluates potential locations for digital nomads based on criteria such as cost of living, internet quality, and overall quality of life, five of the ten leading global cities are located in Asia, led by Bali (Indonesia).
Furthermore, many also favor places surrounded by beautiful nature to enhance productivity and foster a tranquil work environment that complements job engagement. In terms of these individual strengths and attractions, Singapore and Indonesia rank among the top choices.
Now picture yourself at a crossroads, torn between the vibrant economy of Singapore and the mystical charm of Indonesia. Which would be suitable for you? Let’s consider some vital aspects to find out.
5 tips to help ambitious digital nomads enjoy the ride
Note:
(+): Singapore
(-): Indonesia
Size and population
+ A small city-state, around 721 square kilometers
+ Over 6 million people
- The largest island country with over 17,000 islands
- Around 277 million people
Economy
+ A renowned global financial and commercial hub
+ Advanced infrastructure
+ Efficient transportation
- Focus on agriculture, manufacturing, and services
- Apart of the 620 with steady economic growth
Ease of doing business
+ Global ranking: 2nd (Trading Economics)
- Global ranking: 73rd (Trading Economics)
Cost of living
+ Approx. SGD 4.000/ month (USD 2.965)
- Approx. SGD 1.345/ month (USD 1.000)
Main ethnic groups
+ Chinese
+ Malay
+ Indian
- Javanese
- Malay
- Chinese
Language
+ English
+ Malay
+ Chinese
- Bahasa
- Chinese
- Malay
Characteristic
+ A highly urbanized and modern country
- A mix of urban and natural scenic landscapes
Internet connectivity
+ Internet speed: 300.83 Mbps
- Internet speed: 43.35 Mbps
Entry requirements
+ Straightforward options
- Requirements can vary
- More complex
Types of necessary visas
+ Tourist visa: for a stay of less than 30 days
+ Short-term visa for American and EU citizens: for a stay of up to 90 days.
+ Long-term visa or work visa: for a stay lasting more than 30 days
- Visa on arrival: for a 30-day stay, can be extended once
- Visit visa B211A: for a 60-day stay, can be extended twice
- Work and stay permit (ITAS/ KITAS): Valid for 12 months, allow traveling in and out of Indonesia
Lifestyle
+ Highly efficient
+ Fast-paced
+ Well-organized
- Diverse
- Either bustling city or laid-back rural lifestyle
Banking facilities
+ Highest level of safety and confidentiality
+ 132 banks including DBS, OCBC, and UOB
+ Various Fintech solutions (e.g.Aspire, Instarem)
+ Digital banking is common
- Strong privacy policies
- 120 banks including several Islamic options
- Limited access and English support in rural areas
- Digital banking is available but dependency on cash remains strong
If you want to get the most happiness and satisfaction from a life where every destination holds new experiences, these five essential tips will help you not only survive but also thrive as a digital nomad.
Understand your visa requirements and obligations
Each country has its own set of visa rules. Hence, before traveling, keep in mind that researching the specific visa for you is of utmost importance.
If you intend to work remotely while on your digital nomad journey, make sure your visa allows for such activities. Working on a tourist visa might be illegal in some countries.
Prepare your accommodation and healthcare thoroughly
Your regular health insurance from your home country probably won’t be able to cover your issues while traveling.
It’s a good idea to find out if your country has a mutual healthcare agreement with the place you’re visiting. If not, consider getting either a travel insurance plan or an international health insurance plan.
Make sure to have your mails sent to the right place
Some official institutions and organizations might still communicate through postal mail. In this case, you can use mail forwarding services. The service provider will receive your mail and can either scan it for online viewing or forward the physical mail to your current location.
Remember to opt for paperless statements and online communications for banks, utilities, and other services whenever possible.
Keep additional chargers and data SIM cards
Different countries have their own types of power outlets and voltages. That’s why having chargers compatible with every plug type you need is crucial. Thus, this practice also offers the convenience of keeping your devices powered while on the move.
Regarding safety matters, please note that public Wi-Fi networks can be less secure and vulnerable to cyber threats. Your online security is enhanced while working remotely when you use your data.
Bring along comforting elements from your home country
Carrying comforting and familiar items from your home country can significantly enhance your well-being and foster a sense of belonging as you embrace the digital nomad lifestyle.
These items may encompass soulful packaged foods, cherished mementos, photographs, or belongings that connect you to your family members and heritage.
Ultimately, the tips provided shall help you travel with confidence, find balance, and fully enjoy the different experiences that come with this special way of living life.
Conclusion
To summarize, digital nomads’ evolving preferences reflect a paradigm shift in how work and life intersect. As such, destinations like Singapore and Indonesia cater to these preferences, presenting a range of relevant advantages.
The key question now lies in your hands – having gained insights into these two diverse landscapes, which of these jurisdictions will align best with your aspirations?
If you are thinking about relocating to Singapore as a digital nomad, don’t hesitate to get in touch with us via [email protected]. Our support team shall assist you in no time with any inquiry regarding doing business here!