Digital Nomads and Remote Work – Interactive Map by KPMG

KPMG has created an interactive overview to help navigating the immigration challenges: The Digital Nomad and Remote Work Visa Options (interactive map). 

The overview, on 72 pages for 36 countries, is sorted by region and country and is being updated regularly. It covers topics like Visa category, fees, Visa duration, standard requirements as well as tax and social security implications.

Explore the KPMFG digital Nomad Remote Work Tracker Map – PDF on 72 pages 36 countries

What is EBICS – a Boring or Useful Reading?

We read an interesting overview of EBICS, which the author on SEPA for Corporates calls “the most boring article on EBICS” – we’ll let you decide for yourselves. Here is the brief on these topics:

1. EBICS is the Electronic Banking Internet Communication Standard and is widely used in Germany;
2. EBICS History:
   – 2003 EBICS deployments start in Germany;
   – 2008 EBICS is mandatory for banks in Germany;
   – 2011 French banks are required to complete their standard to EBICS;
   – 2015 Switzerland joins EBICS;
   – 2020 Austria joins EBICS;
3. EBICS is a solution that offers a single, common, and open standard for corporates to connect with ALL of their banks in Austria, France, Germany, and Switzerland;
4. How is EBICS set up? Your bank guides and supports you with your EBICS implementation;
5. What File Formats does EBICS Support? SWIFT MT messages (MT101 and MT940) and ISO20022 XML.

Source SEPA for Corporates

Sometimes I am lazy when reading foreign language texts then I simply copy paste the text into deepl.com it is so perfect and easy to read.

Projection: The U.S. Dollar Will Be Replaced in International Trade

One of the claims made in the Time article Shock Events to the World That Are Already in Sight is that “the U.S. dollar is going to be replaced in international trade”.

Although it is unlikely that the dollar will be replaced as the global reserve currency, its importance in international trade is clearly under attack.

Maha Hosain Aziz, author of the report, explains: Prior to the COVID-19 pandemic, there were repeated discussions about a new currency proposed by the intergovernmental organization BRICS and calls from China to use its own currency for more trade. But the response has been limited.

In the post-pandemic world, this sentiment has resurfaced with a vengeance. The article lists several countries that have already moved away from the dollar, as well as specific industries that are looking beyond the dollar.

Details in Time