Palau has made waves recently with their new digital residency program, with many people touting it as a potential workaround for crypto platforms that have banned users from certain jurisdictions such as Canada and the United States. But is it the real deal or too good to be true? Let’s discuss.
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The current main benefits of the program are:
- You can apply online and receive your digital and physical ID card within only a few weeks, all without ever visiting the country.
- Tax-free income for digital nomads.
- Visa extensions of up to 180 days, enabling you to stay in Palau longer.
- ID is backed by the Palau government, and can be used anywhere identity verification is required (or, so they claim).
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