Portugal recently released the requirements for its highly anticipated ‘digital-nomad visa’,  allowing remote workers who make four times its national minimum wage to live and work in the country, reports The Business Insider. That calculates to about $2,750 a month (€2,768). Effective 30 October, remote workers can apply for either a temporary-stay visa of up to one year or a residency permit that can be renewed for up to five years. On top of proof of income for the past three months, applicants must submit tax-residency documents and a contract of employment (or proof of self-employment).

Several European countries, such as Spain and Italy, are in the process of setting up similar digital-nomad-visa schemes. While proponents of digital-nomad visas say the programs can boost local economies, some critics worry that the influx of foreign remote workers will raise housing prices in areas that are already struggling with inflation.