Remote work has untethered employees from the office, allowing them to travel more often, and in some cases, move from one destination to another year round.
“It’s really wonderful networking. The people that I meet on the program are from diverse backgrounds and diverse careers. I learn a lot from the people that I travel with,” said Sharon Rosenberg, a San Francisco resident and a client of Remote Year. “Community is at the essence of what we do,” Remote Year CEO Shaun Prime said of what he calls the community-based travel platform that targets remote workers. The company’s services include a jobs board from companies courting remote workers. Remote year offers a $19 monthly subscription program for those wanting to connect to Remote Year’s community of travelers.
“We’re offering people to be able to give up that rent, not pay it, and be able to travel the world, meet new people and have a different lifestyle for between $2,000 and $2,500 a month,” Prime told me from his London office. The rent savings is just part of the story. Tax savings also kick in for remote workers out of the country for at least 330 days of the year or if they’re a bona fide foreign resident, a Bay Area accountant told me. The first $112,000 in wages and other earned income is excluded from U.S. taxable income, with U.S. taxes due on additional earnings being offset by any taxes paid to foreign governments.