It's funny when some Americans gave immigrants a hard time about not speaking English and then they move overseas and they refuse to learn other languages 😂
America is amazingly welcoming to immigrants/expats who speak all languages and not necessarily English. Never forget that! America allows more immigration than most of Europe combined.
FANTASTIC news! I just saw the headline and hope it is true! Please go! I love most American people. BUT, I am so tired of those that move to Europe and then feel like they are entitled to tell us how to live. They bring their low morals with them too. Please, if you want to live here, ADAPT to our culture! Don't force yours on us!
@@maxflight777 it is called a work life balance. Americans think when they die in their 70s (the average age of death is falling) they can take their money with them 😁.
This is what happens when someone wants to have their own little America at a price they want rather than wanting to truly move to country because of what it is.
There is truth in this I see it while meeting expats in Asia as well If you move, accept you are adopting a new culture Not bringing your culture along Well said
@@RetireandGo When people move to America and set up enclaves that mirror the country and culture they left it's celebrated and called cultural diversity; but when Americans move to other countries and do the same it's frowned upon because they don't assimilate wanting to keep their culture 🤔 The hypocrisy
I think the type of Americans who move abroad tend to want to be part of the local culture. It seems Brits are more interested in banding together abroad
Yup. Modern day colonizers, complaining they can't have their way in a country that **checks notes** has its own culture and customs. Imagine one of the top complaints being "language barriers." You are moving to a new country. Least you can do is learn a bit of their language.
I saw Americans immigrating with predatory views (like profit at any cost to locals, advantages despite what would cost to the new local place, trying to reproduce the style of life in the USA overseas instead of adopting the local style of life, poor or no language adjustments, etc). Portugal saw the issues, changed legislation, and now they are leaving... Really predatory and disrespectful attitude.
Precisely why I will actively be avoiding the expat North American bubble. I loathe the superior attitude that they carry with them wherever they are found. I am shocked at how many Direct-To-Customer footwear and fashion brands, from America and elsewhere, are outsourcing production in Portugal. But at what cost to the environment and to average Portuguese workers and society?
"predatory" lol nice semantic warfare... Everyone moves somewhere for one of those same reasons. Everyone has a hard time learning a new language. Everyone has cultural bias. People develop culinary pallets and lifestyle norms. You think you have it bad, we have had Latin America move up to the USA and is now 1/3 our population. They hang their country's flags, speak Spanish and now our street signs are even showing up in different languages. Pretty much every form has two languages on it now. You have a couple thousand Americans move there part time and are complaining lol....
The biggest issue overseas is the ridiculous bureaucracy. No just one country, but practically the entire Europe. Layers upon layers of useless functionaries who do nothing but push papers and make your life absolutely impossible.
I am gonna be completly honest i am iberian portuguese and spanish born and raised in Portugal. Our government is shit it is true. But Portugal in itself has a soul and a unique culture. And i used to be welcoming of emmigrants coming here and making their life here, but a long the years as more of you come here, more of you dont speak our language, dont endorse local businesses, i mean the south of Portugal is basically a English speaking place now! So there was a time where i used to be welcoming of you guys coming, there was a time where even i wanted to move to thailand for the cheaper oportunities and great quality of life! But now that we start to see the long term effects of it... please if you come BE a part of our culture, we are so welcoming the food is great and we have amaaaazing history and sense of humor. If you come here and have no regard for the country that is HOUSING YOU AND YOUR JOB, simply leave. I am done being welcoming to all. Not all are welcomed. I chose to stay here in my country trying to make it better. Be a good person and reavaluate your choices - it aint that hard.
Thats how we feel in America everyone treats it like their playground, no borders, dont care about the groundwork and culture of the past and everyone comes here entitled. Seems to be global issue. Everyone is allowed to have a culture except USA we just have to bend over and put up with insanity
@@rzone9546Come on now. Aren't you exagerating a bit? The USA has been historically the most successful country at integrating newcomers from the 4 corners of the world precisely because the USA is not an ethnostate like most europeans are, it's a melting pot of every cultures that make up the american recipe. The USA is literally a patchwork of all the cultures that incorporated in its midst throughout its History. Remember in the 30s and 40s when entire neighborhoods of Chicago and New York spoke mostly italian, yiddish or polish? What are those neighborhoods now and the descendants of those immigrants other than fiercely americans? The USA has the magic hability of turning everybody into staunch americans while incorporating new aspects to your ever evolving culture. We europeans don't have that hability, we're conditioned in our ethno crysalis. Take it easy, the whole world is going through major changes but in a few years things will calm down. The two wars in Ukraine and Israel are wreaking havoc across the globe, everybody is struggling atm.
@@badabinbadaboom7338 To be an american citizen you used to have to learn about the founding of the USA, the founding fathers, bill of rights constitution etc, you became a real American. Anymore all you have to do is nothing, just sneak in or walk in, our borders are not protected and immigrants get all kinda of Government help. It’s something straight out of a communist playbook. The rest of the world is going to feel it once America is gone. Rules for thee but not for me seems to be the motto of the rest of the world. It’s a crime to be a patriotic red, white and blue and you know it.
@@badabinbadaboom7338 You are glamorizing a nation that quite literally has become the Wild Wild West. My sister recently visited with her American friend in Florida. This woman routinely navigates her world, as a safety precaution, with a concealed weapon in her handbag!
I have to agree with you, 100%. What happened to the requirement by the Portuguese government that immigrates must prove ancestral links to this Iberian nation? It’s beyond the pale. Quite frankly, I don’t like how tourism and the Digital Nomad scheme is being marketed to North American consumers on social media. Of course, now average Portuguese citizens are being impacted by the real estate property speculation bubble. Affordable housing is becoming a pipe dream for these economically vulnerable citizens.
I am from Lebanon. i love Portugal from my heart but to be bit realistic, i think Portugal could be suitable mostly for tourism and vacationing since it is being blessed by magnificent sceneries & affordable prices and lovely hospitable people. But to move and work , i think more efforts are needed to improve the economy for better wages and the priority should definitely be for the Portuguese citizens who are the owners of this country . Regarding Bureaucracy , it is International problem facing many nations, not only Portugal. It is worse here in Lebanon. Finally I am Looking forward to visit Portugal soon. I am sure it will be unforgettable experience. Regards to Portuguese brothers and sisters
I am Brazilian with Lebanese and Portuguese ancestors, I love Lebanon and I am very sad to see the country in such a difficult situation, all my cousins need to live abroad. I'm sure that one day this wonderful country will be a destination for thousands of tourists again.
Nonsense; so don't English is the universal language so you saying if I move to Portugal learn the language then decide the country is not for me for some reasons I then I move to Sweden for example are you saying I will need to learn Swedish kmt
@@naturesambiancetreehouses8730 lol what did you expect? That the whole world would adapt to your yuppie nomadic needs? This is how emigration works. What if a foreigner comes to live in your country? What is your advice for them so that they don't regret their stay?
yet everyone wants to practice their english over the world, personally I love learning languages but have never had any issues when I dont know the local language well. Do you even travel bro?
@@naturesambiancetreehouses8730where are you from exactly?? English is not the universal language, its international maybe but not universal, and frankly I find you rather arrogant to assume so! A lot of EU countries require a non native to learn the mother tongue of the country they're residing in as per law. Its part of the integration and above anything, a sign of utmost respect! You'll find that locals will really appreciate your efforts with endearment. It's always the English speakers who walk around the planet with a bee in their bonnet because they have this unspoken entitlement that everyone needs to meet their needs linguistically!
@@CarneyFelonLawyer Indian here reading silently, we are close to 200k in portugal, and very glad that portugal looks and feels similar to home, even the portuguese people in most cases act like people of my city delhi. But ya, hate against immigrants and expats is on rise, I was attacked twice last week, my brother was attacked while he was on his moto, it was attempt to murder as the culprits fled in their car from the crime scene and police is still investigating, but what shocked me the most when we went to poilice station for the update in Odivelas, police said you guys are too many in portugal Definately not what we expected to hear lol
I believe, if you are going to live in a country with a different language, you need to try your best to learn the language. Plus, people need to immerse themselves in the culture.
Still retiring to Portugal to get out of the screwed up backwards U.S. and happy to pay the taxes for the social value that comes with it. And I was planning it before Portugal became the it country. Going for the people, lifestyle, culture, beauty, food, weather, social values-not the NHR. And if you want slow-paced life it cuts both ways-you have to deal with slow bureaucracy. Big deal-I’ll take that over the violence, guns, ugly suburbs, car-dependency, shitty rail, privatized “public” space, religious fanatics, dysfunctional two-party politics, crappy healthcare system, hustle culture of the U.S. any day. I want a different culture and lifestyle, not a similar one. And I love learning new languages. Get out of your comfy bubble and have an adventure.
You are totally right about Mexico, it’s really very similar to US, understandable since so many Mexicans moved back bringing the lifestyle for better or worse!
I think moving purely for financial reasons is a grave mistake. Definitely move for momentary financial respite but do so with a view to plant a money tree. Make it a season of building funds so, eventually, you can lift your head and start scoping for where you REALLY want to be.
@@markpitchford7375 Everything is a bit slower in Spain, immigration is handled by a handful of people for example, so it can take 5 years to get citizenship after you've already been approved for citizenship lol
Moved from the US to Portugal a year and a half ago and still here. Yes, the institutions here are a big problem. But I believe what most are failing to see is that, for the people who moved here over the past few years and then quickly fled, they came in with this mindset that they were entering the promise land. They had some internal dialogue like, "Portugal is a Western European country so it's just like the US, but at the same time we don't have to deal with the polarizing politics or inflation, and at the same time we can buy a cheap beach house and eat fresh fish all day". Not so fast. Every country you move to has it's own set of problems. You just have to choose which problems you're willing to deal with. YES, some countries have worse problems than others, but you have to choose. Again, the failure of the government to work efficiently as it promised is inexcusable. When it comes to real estate, prices are already on there way down. But bottom line: Pick your poison.
Are they relatively friendly to tourists? Or if you know Espanol, are they flexible with that? Some places can't stand when you don't know the proper language 😂
@@SoulEternalPeaceWarrior77 Yes they are mostly friendly. And Portugal has one of the highest English literacy rates in Europe, as long as you're not in small country towns you can speak English as a tourist no problem.
Honestly, I would avoid Europe. For me living in the US, South and Central America and a few countries in Asia are the way to go. The EU is in big trouble with immigration and economic issues. Portugal for me would be easy to move since I'm Brazilian and familiar with Portuguese culture but I always though was too boring of a place to live.
There's a lot of truth to that. I think that Portugal (and many other European countries) will lose popularity for people who are looking for a new place to live full-time but will remain popular for groups who have the kind of money to purchase a more luxury vacation home or something of the sort. Brazil is an amazing country and it's really exciting to see Latin America on the upswing!@@gugy68
Wo moved to Portugal for retirement. So far, no major complaints. My family immigrated to the US when I was a child. And I have personal friends from the Ukraine who moved to the US in 2018. From what I have seen in the last 30 years, the immigration bureaucratic molasses is much worse and much slower and much less predictable in the US than in Portugal. So I can't complain.
I'm from South Africa, tried to get into the UK, Ireland, New Zealand, Australia, Canada,USA ... None of those countries wanted me , Portugal the only country that had an option for me via the D7 visa. I'm battling to learn the Language,but grateful I can try get permanent residency for another country.
I pulled out of Portugal a year ago after over a year settling there. Whilst there are some very cheap areas still, they are cheap for good reasons - usually fire risk. The price of decent properties has kept on rising steeply and is now not significantly cheaper than the UK, where I'm from. And Portuguese property owners have dollar signs in their eyes now, thinking it will keep doubling every 2-3 years as it has in the past. I could smell a bubble. The cost of living is relatively cheap (compared to UK) if you like bars, restaurants and entertainment, but for the basics (supermarkets and retail stores) Portugal is no cheaper at all - perhaps even more costly than the UK. And when you factor in the bureaucracy, which is insane like a 3rd world country, and the language factor... all in all, it quickly lost its appeal and I'm glad I got out when I did. Sorry, Portugal! When you were cheap, you were popular... but it was always going to end if you thought you could keep raising property prices through the roof and foreigners would keep buying them.
Common sense sensible summary. Would you consider Portugal still as a place to live if housing were affordable in your eyes? I was there for two months recently, myself being from UK, I find although prices are not as cheap but for the location, lifestyle n weather mix in with the culture I'll choose Lisbon or Porto over London at this stage for example. Ask me another year or two in not sure but I'm looking at it as a life style choice after we sadly left Europe.
Maybe that's their idea. If you're coming into another country with a hell of lot more money than they have, you'll have to pay the price! (And along with that, making it more unaffordable for their own citizens. Lose, lose.
As a 25 year old Portuguese dude, WAITING ON THAT BUBBLE TO BURST! Seems like forever, rents doubled since 2013 house prices have been ludicrous forever now.
You are missing a few key points... The quality and size of property ! The quality / volume of food and service ! Learn the language ! I agree with you on the bureaucracy tho ... I feel like the UK is almost worse in most aspects mentioned tho ... Shit expensive food, shit weather, shit housing, culturally imploding, expensive public transport, high taxes, Dysfunctional NHS ... Endless list etc .. I mean if you're gone be miserable you might as well be miserable in the sun eating great food ...
Portugal may have bureaucracy, but unlike anywhere else I've been in Europe, in the US, I had an invasive interview (all kinds of personal questions) upon arriving at the airport for the simple fact I was a foreigner. It left a bad taste in my mouth, along with everything else "the law" represented in every day life in that country.
@user-nh8zt9wl3c I'm not talking about the officers themselves. The protocol is what I'm talking about. Something like that has never happened to me anywhere else I've been outside the US.
If you're moving to another country just for financial reasons, cheap or free health care (greed) and are not prepared to adapt speak the language mix with the locals, my advice is stay where you are.
While in Portugal we usually welcome foreigners, the rising cost of real estate to bonkers levels and the fact that up until recently foreigners paid a lot less taxes than the portuguese population makes us feel like we got the wrong side of the bargain ... the gains a few (rich) portuguese get from tourism is offset by most of the population not being able to afford housing in the main cities anymore, so, while we are not asking foreigners to leave, if they do so they are contributing to a better life for most of the portuguese population.
Same in the UK, Foreigners live in Tax-free luxury and urinate on the English sleeping in the streets. All due to corrupt government. We do ask them to leave but they just laugh at us.
@@huudielbo728 Same here in Germany. Berlin has more expats than Germans now, rents have skyrocketed as a result and everybody hates expats and they wonder why.
Andrew, you need to remember that many people have been conditioned to get solutions handed to them and will not research or take into account their own situation. As a result they will eventually come back to say ' but you said!". You are very consistent in explaining what and why and that's all you can do!
I am BRAND new to your channel, my best friend sent it to me because HE is obsessed. I am NOW a HUGE fan! Signed up for your newsletter and all 3 bonuses last night based on you just being a real voice!
ANY pension income over $88k is taxed at 48% in PT once the NHR goes away on 12/31/23. In our case that would exceed $75k per year after the U.S. foreign tax credits. We sold the house, the boat and closed our business to relocate in June 2024 and now our Plan B is to use those funds to wander the world and remain only as long as each country allows us to. PT is great for low-income ex-pats who want free health care and lower rents than the U.S. not six-figure earners.
For 6 figure earners, some of the Balkan countries are relatively OK, if you can handle the Balkans. Croatia is less of a culture shock than Montenegro or Albania. Slovenia is great if you freelance and make around $100k.
Portugal ridiculous bureaucracy was made with only one purpose : to make your life harder, they do this very well. I waited 8 months to the have water service on my property! And it is not located in a remote area😡
thats very odd.. i got water service after 2 days, electrical was in the next day and the phiber-optics for my tv and internet took like 4 days, what happened to you? what was the issue?
@@rswpt Damn, don’t tell any positives: the ex pats have big ears and their wallet are open like most wealthy people who don’t consider us poor people when they go everywhere and run up the prices of everything ❤
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Living in Thailand feels like I did good in my life and now I am blessed with good karma🙏Not for everyone, but I have never felt so free and stress-free😊
I’ve lived in Thailand 7 years. I’m not aware of any tensions between Thailand and China. Thais are pretty good at staying neutral and Thailand occasionally buys military hardware from China. Where problems arise is when China bankrupts a country through China’s Belt & Road program.
i agree with you my gringo friend, Portugal its a very bad country, if you dont have money to spend dont go there, who needs poor tourists ?? not even Portugal i can assure you, because in portugal everything is bad ... gourmet food in Portugal is terrible, art is terrible, fashion is terrible, no history in Portugal , worst beaches in europe and the country is very ugly 😂... Portugal its the worst country in the world, stay in your country 😉 im sure you are way more happier living in your country. stay there.
Ireland is on fire and their society is currently going through a slow-motion train wreck from an immigration standpoint; much like America... I wouldn't go to Ireland.
From an immigration perspective they are getting overrun. The citizenry is practically in open revolt against their globalist government. (Read a news paper once in a while..) @@mirabella2154
@@mirabella2154Because people are rioting. It literally IS burning. The police are siding with immigrants instead of school children who were stabbed. Similar protests are happening in France. These are not being covered on the MSM.
Actually, I should apologize to you about reading a news paper. Mainstream "media" would never report on matters like this because is doesn't align with their left-wing/globalist agenda... So I apologize for implying that you are willfully uninformed. But the information is out there. You just have to look for it. Ireland is on fire. (Just like America...)@@mirabella2154
I don’t mind paying taxes as a foreigner in a new country but Portugal’s taxation of citizens is way too high. I feel bad for the Portuguese people. With the NHR, the Portuguese should have also benefited from tax reductions.
@@markm4195 yes anyone that disagrees with neo fascist rethoric must be a comunist... where have i heard that one argument before? OH THATS RIGHT ! Fascist regimes do that! how ironic!
Right!?! Sooooooo ENTITLED!! Just liIke others come to the US and then complain about all the free sh*t, laws, culture, traditions, or the color of the majority of the population. Yet certain color Americans go to another country where they are the minority and all they complain about is the language barrier or buetacratic red tape. I would take complaining about language barrier anyway over calls of violence.
@@BBStyles777 what "free sh*t" exists in the US? Lol, I'd love to see that. Y'all can't even get your education, healthcare or infrastructure right, which is why you're always awestruck when you come visit any modest European city and rationalize that you must be living in the future.
Ha! And here we are, complaining about the complainers. 🤣 I do agree though, if I move to a different country, I better have taken the time to do my homework. Heaven will not be found on earth, so I better not be looking for it. I also should be fully aware of what I'm getting myself into regarding a foreign land. If I'm an impatient person, I better not be foolish enough to think the bureaucracy in that land is going to make an exception for me.
Portugal is only good for retirees who want a rural lifestyle. Expect to pay the same housing prices that you would pay in US, if you want the big 3: Lisbon, Algarve, Oporto. You can get cheaper housing if you move to a small town, but then you will be bored, unless you like rural, and will you need a car. Did I tell you that cars are more expensive in Portugal? Both to buy and to maintain. And drive on portuguese highways at your own risk. Statistics for road deaths are appalling.
Developing countries are improving there economy and progress vastly but let’s be honest here no matter how modern Thailand or the Philippines get or even indonesia you will never see a 4 lane highway going throughout the entire country.
What a typical American commentary.... The point is to live where there isn't this American crap! please stay where you are, we have enough "transplants" polluting us
I'm looking to Eastern Europe for retirement. I'm Polish-American, but tired of the heavy Euro elite influence on America (I guess it's been this way since WWI when we decided to participate in their never-ending wars, and of course their banking system). I want peace, quiet & traditional values.
@@futurekronWhy wait so long? If you speak Polish and English, and you have enough money for a house or a condo in one of the bigger cities, you can easily move to Poland right now and you'll be living the good life.
@@The_Monolith Hey there! There's the issue of resident permits. Americans don't have the same liberties in Europe or Eastern Europe as EU members do. We have to get resident permits, and as is the case in BG, a property must be purchased first. No problemo as I can buy a mansion for the sale price of my little home here, but I also have to earn a minimum income, and have been making sure I have a home-based biz that I can take anywhere with no risk. Also, I'm about 2 years away from collecting pension, so want that as a back-up (or, be close to receiving it), and there's the issue of PETS (cats/dogs), getting them set up. I've moved pets overseas before, but it is extremely stressful (for me). So, a lot of logistics to put in place. EAsier said than done, I guess it the old expression. I'm not at the age where I can take risks without much pre-planning and alternative forms of income "just in case."
Thank you, Andrew. Portugal is #1 on my list of countries to move to. However, a few issues highlighted in the video, have made me rethink that country as a final destination. I'll visit instead.
Exactly, travel, visit, enjoy the culture Portugal have to offer for one or two weeks and then go back to your reality... Portuguese people will thank you, instead of looking at you like you are a disease that is there to screw their affordable lifestyle.
You get out what you put in. If you come to Portugal expecting a free ride, yeah, you're going to be disappointed. The same if you move to the US and expect to find the promised land. Reality is, politics in any country suck. Governments are not working for the people, corporations and billionaires own the world. I came back to Portugal after being away for 40+ years only to find that it has become the playground of the rich! That was disappointing to see. The people who build and maintain these beautiful places can only watch the rich foreigners come and enjoy because the locals cannot afford it. Why? Capitalism. The property owners in Portugal are following the US model of capitalism, profit uber alles. Not sustainable in the long run
Portugal might be a good place to retire to or even live if you already made your money elsewhere. It's not an economy for young people. Zero enterprise. Zero prospects. Just like every other Latin, eastern and southern European nations 😊
I returned to the US from Portugal about a year ago having lived there a year. The bureaucracy is a real problem and I often quipped that things were far easier in Central America. (I have Panamanian residency as well.) I considered Portugal my gateway to Europe and the coveted (by me) European passport. The country and people are lovely. It just didn't work for me.
@@user-mq3td5wx2hmake it double and give it to next person, beurocracy is almost a staple here also corruption too, second biggest sector of the economy is corruption 8-10% of total GDP
@@nomadcapitalist The people I know all bought slaves in Portugal. Anyone will become a slave if y8ou pay them enough money. In India a lousy hundred dollar bill in Portugal y8u give them 100 grand cash in US dollars.
Honestly, I would avoid Europe. For me living in the South and Central America and a few countries in Asia are the way to go. The EU and US are in big trouble with immigration and economic issues.
1. There will always be a handfull of countries people will flock to. That makes the places they dont wanna go to even better. 2. What you mentioned is a downfall of following the crowd. I did that with the Dominican Republic and learned quickly!!!
Portugal has never appealed to me...oversold, for sure. Anywhere in Western Europe, for that matter, should be at the BOTTOM of any expat's escape list.
Don’t underestimate the language otherwise you can be lonely there not participate in daily life, to speak a bit is doable bit to understand everyone around you is hard
I suggest people check out Brazil as a possible option despite the safety concerns. Cheaper cost of living, beautiful weather, beautiful and friendly people, good food and marvelous beaches all over the country. I love it here.
@@homyce It is indeed an awesome country. There are problems here but what country does not have them? I would not go back to Canada to live ever again.
I've already visited Brazil 4 times, and to my surprise I found the country really safe and interesting, it's true you have to be careful in big cities, because in the big centers there really is a lot of crime, but if you leave these big cities the place is very It's safe, but what impressed me most is how the people are: open, friendly, communicative and super happy and fun. You definitely need to learn Portuguese, because they hardly speak English there, but once you speak their language, you can make more friends there than anywhere in the world. Another very positive thing is that the cost of living there is ridiculously lower than in Europe. You would probably spend less than 50% of what you would in Europe and still have a super comfortable stay. Honestly, I didn't like Rio de Janeiro, it was very crowded with people and it didn't really seem very safe, but there are other cities, including beaches, that seemed very safe to me, many beautiful and very pleasant places. I plan to go back there again next year.
Sure, here's a rewritten version of the RU-vid response: I've been residing in Central Portugal since 2020. While it's undoubtedly distinct from Lisbon or Porto, it's worth noting that many foreigners initially flocked to Portugal when it was the "in" place and settled in the larger cities. Now, a considerable number of them are choosing to depart. From my interactions with those leaving, a common thread seems to be that they've spent their entire lives in their hometowns in the US, and moving to such a foreign environment didn't feel comfortable for them. They miss the familiarity and conveniences of home. This appears to be the primary reason for their departures, and notably, they aren't relocating to another foreign country; they're simply returning to the US. In my town, there haven't been as many foreigners compared to Lisbon or Porto. While rents have seen an increase, it hasn't been as drastic as in the larger cities. Regarding taxes, it's crucial to consider the nature of your income, whether it's passive income, dividends, capital gains, or regular income. It's worth noting that the US is one of the few countries that tax based on nationality rather than residency. I would strongly advise consulting a tax professional well-versed in various tax jurisdictions for personalized guidance. Ultimately, the decision on where to live should align with your comfort and preferences. I agree wholeheartedly: don't simply follow the crowd; follow your heart and mind.
I saw that coming. I lived in Portugal a few years back. It is absolutely beautiful, but the people are not the friendliest. Also, it is a poor country. And although I speak the language, I never felt welcomed. Many Portuguese people are not interested in having non Portuguese friends. Americans who are praising Portugal are the Americans who only have English speaking friends. Americans are overpaying in rent, which is creating a homelessness problem there. I would love to know the numbers. Is it a few hundred or a few thousand?
Never understood the fascination with Bali. Have been there. It’s the Australian version of Magaluf with worse infrastructure. So many beautiful places in the world that are nicer by every metric…
Portugal strictly as a back up residency and citizenship is still a great option, it's just harder for the lower price. As it relates to potentially being there long enough that you become an actual tax residence, if you put your non Portugal incoming producing assets into the right type of trusts, you won't have to worry much.
Andrew Ive been following ur channel for quite awhile. I love who u r n on how u found such a valuable niche in life.. I long&wish I cld hve a 2nd passport & to afford hving a 2nd small studio some where that treats me better. I’ll always watch ur channel either way..Wishing u & yours the merriest Xmas..w/much love from LV-NV🥰
The infrastructure from Portugal is very poor. The country is poor… Haven’t nothing to do… is more the same. Just old constructions, same events every year…
i agree with you my gringo friend, Portugal its a very bad country, if you dont have money to spend dont go there, who needs poor tourists ?? not even Portugal i can assure you, because in Portugal everything is bad ... gourmet food in Portugal is terrible, art is terrible, fashion is terrible, no history in Portugal , worst beaches in europe and the country is very ugly 😂... Portugal its the worst country in the world, stay in your country 😉 im sure you are way more happier living in your country. stay there.
LOL Portugal has never in its history dropped below the 35% percent of richest countries in the world. Is there old buildings? sure, people have been living there for thousands of years. Nothing to do? you must be joking or very uncultured? where are you from. India? West virginia? Brazil? LOL
Your productions are always an inspiration Andrew. I'm in australia and planning to get out. House prices are outrageous, taxes are high, cost of living is high and our natural environment is being destroyed. Only bonus is finally getting some interest on savings although inflation and tax grinds it down.
Once you reach 60, Australia is an amazing place to live. You basically pay no income tax and no capital gains tax ( inside a super fund - aka a retirement fund). And no inheritance tax. You can find cheap houses if you move away from the larger cities.
@@brettogden6104 yes it's definitely better if you are an older Australian. There's a big wealth gap here between older and younger people. True about cheaper houses in the rural areas that if you don't mind the heat although anywhere along the temperate coastal areas are extremely expensive.. Even the more remote little coastal hamlets because city investors have snapped up the houses and turned into holiday rentals.
Portugal is great in so many ways but, yes, housing is terrible value and very low build quality. There is dog sh§t everywhere. Services are old and slow and the bureaucracy is crippling. Its basically a 3rd world country with expensive houses.
Absofuckinglutely! Burocracy is a nightmare, dirty, no one care about cleanness, infrastructure sucks, services sucks, taxes extremely high, real estate - bulb that will burst once. Simply put- the best country to live 😂
There's over 200,000 Brazilians and only 7000+ Americans in Portugal. (I don't know who owns rental properties though.) It's more likely that property price increases are more the fault of Brazilians than Americans.
Brazilian national here, those numbers are a bit misleading. Those Brazilians are migrating to avoid hardship in Brazil and not as real estate investors like Americans. It is more likely that those Brazilians are suffering the high rent just like the local Portuguese people.
@@cassiocm - Yeah, I get it as I travel Portugal and met some working Brazilians. But nonetheless there's got to be a lot of well-to-do Brazilians among the 220 thousand. That's a huge number.
@@charmerci Most Brazilians in Portugal do low skilled labor. Some go on a tourist visa, stay illegally and become modern day slaves. There's some very wealthy Brazilians in Portugal, but they are a tiny minority.
Good points but I Respectfully disagree on Italy. Great weather, Incredible food, most locals like Americans & cost of housing can be very reasonable. Also endless things to do & endless history to see. It doesn't run as efficient as Swiss, etc but that's why its so much cheaper to live there .
Can you make a video regarding the new law approved in Germany on 10th november regarding global minimum taxation on how does it affect citizens? I love your videos!
Good tip for many people. Don't follow the herd. I am afraid that most people are not listening and it's a romantic idea to move to a country in Europe if you are from the US. Every move is a time consuming thing and asks some sacrifices. How many of those Americans that left learned the language before they left. How much did they mangle into the society or stayed only with their expect friends. We moved a bit over two years to Portugal from Amsterdam so we had the European view on things. Smaller and down to earth is what we are used to. I've been to the US a dozen times and there is a huge difference in the way of thinking and treating things or people in the way you do. I noticed most of the Americans I hear complaining about that the things are different here in Portugal are looking for a way to bale out. The other American friends we have adjusted to the system and stop comparing that much. It is a new life with new energy, new friends, new food, new sounds (language and music) and that is surely not for everybody. For me it it's always strange to hear that people blame the country after their experience. It is not the country that asked you to come over but you've got the opportunity to try. It is funny to see that the most people coming in are richer people who can easily afford a more expensive house. There are seldom people from the northern part of Africa coming here as Portugal is seen as poorer European country and they prefer to travel further to the northern part where every works the clock round, no sunlight, stress and poorer social life.
So interesting and I support your philosophy of not following the herd. I’ve lived in many places but the ones I enjoyed the least were the ones with the most expats and the places I loved the most and that changed me were where I was the only foreigner.
There is no perfect place, no utopia in this modern world. Every country has its problems and drawbacks. No matter what country you emigrate to everything evens out. If Americans, British, and other English speaking folks go to non English speaking countries, than they need to make an honest effort to learn the language and the culture. They need to acclimate themselves to way of life in a particular country. If they cannot learn another language, than stay in the USA 🇺🇸, UK 🇬🇧, etc.
@@CryptoversityIn the 2008 crisis, (PIIGS) Portugal, Italy, Ireland, Greece and Spain went through debt crises and, now, Portugal, Greece and Ireland have emerged from that crisis, which, in the meantime, have been joined by France and Belgium.
These businesses of Golden Visas were not good for the country in anyway. It only helped inflate the prices of housing, making it hard for people to move around the country to work, like teachers, medics, nurses. Wages are low, the modal salary may be between 1000€ to 1100€, and a single bedroom apartment is around 900€, a room is already around 600€ in Lisboa, which is making it hard to move to Lisboa to work or study. Right now the academic year is about to start, and the people that are being admitted to the universities in Lisboa, Porto, Faro, are having a very hard time to get accommodations. At the same time, the schools do not have enough teachers to cover all topics to all the students, there is a considerable lack of teachers. A teacher that starts his/her career, in Portugal had 2 years ago a net salary that was around 1100€/month, if that teacher is displaced from the north of the country to Faro, he/she needs accommodations. If the accommodations are not abundant because many houses turned from long term renting to AirBNB type businesses and at the same time a single bedroom apartment is 900€ and a room is around 600€, would you go to Faro with a salary of around 1100€? We have a lack of houses on the market, and we have to compete with people that only want a house to retire or for vacations, yet, the Portuguese are the ones that move the country forward. On the topic of nationality... It's too easy to get Portuguese citizenship, how easy is it in the US for me, a Portuguese to get the US citizenship? For a friend of mine that came from Cabo Verde to Portugal to study and work, paying his taxes in Portugal, took him 7 years to be able to request his citizenship. Why should we give citizenship to someone that only bought a vacation house? My friend came to work, and study, and payed social security and taxes. Last year a news came in a newspaper in the Algarve that said that 4 in every 5 houses sold in 2022, were sold to foreigners for retirement or as vacation houses ( postal.pt/economia/estrangeiros-compram-4-em-5-casas-no-algarve/ ), at the same time I was asked a few times and saw announcements on Facebook from people that I know that were asking if anyone knew of a house to rent of a bedroom in Faro. In my hometown, Faro, they're selling Single Bedroom apartments (we call them T1) from 300000€ to more than that, you may find a 150000€ but it's a ruin that needs work. Tell me, which bank will grant a mortgage for a 300000€ house to someone with a net income of 1100€ ? In Lagos, a block of apartments were being sold for prices around 600000€ to more than a million, again, who buys these homes? Maybe it's time to implement laws like Denmark, where foreigners can only buy a house if they're working and paying the contributions in the country (social security, taxes), if not the country will get to a halt. We've problems getting teachers to the schools, and we have problems with medics and nurses. I can tell you that there are sections of hospitals in Lisboa, and the Algarve that close, like Maternities. In the Algarve we have 2 big public hospitals, one in Faro and the other in Portimão. The Maternities of these hospitals close one week in Faro, and the other week in Portimão. Now, Faro is 70km from Portimão, imagine that your wife is about to give birth to a child and you live in Portimão, and the maternity that is working that week is in Faro, you'll have to drive 70km just to give birth to a child, and if you have a complication along the way? what then? About Spain, the housing problems in Spain are the same, the Big cities have problems like Madrid, Sevilla, Barcelona, the islands are also having a lot of housing problems, so Spain did not gained that much. I live in Spain now, and I hear the same complaints from the people. Maybe you should watch the news from Portugal and Spain from our news channels first. In Portugal RTP3 and TVE in Spain. Talk to the people, ask them how they're doing.
My parents live half the year in Portugal. Every year there are more and more Americans. I visited last summer and American and Brits are everywhere. My parents love it but they could afford to buy a beautiful apartment.
Spanish real estate prices are stagnant because of extreme overbuilding and horror stories about invalid permits and properties being taken over by squatters.
IRL is stressing now. Affordable housing for locals is now impossible. There's always expensive property available, but competition for mid market and below is tough . IRL has been taken aback by the emerging far right, which is notable bc until now (2023) it wasn't a factor. In this respect, IRL is following the US, France, UK, Greece, Netherlands, Denmark, Sweden, basically every other high income, liberal democracy. Im confident the government will address this issue, but it will take time.
We have taken advantage of the GV in Portugal and it fit us perfectly... but like is said in this video ... not for everyone... I totally think it's worthwhile to hire the team at Nomad to help evaluate what is a enormously important decision...
Property prices are indicative of what people are willing to pay for a property. Once all the primo properties are snatched up by the invaders (smile) then bidding begins on the second level properties. Things ratched up quickly and then the locals suffer because they don't have the finances to afford the "new norm." There are countries that don't allow foreigners to buy properties in their own name. Which creates a whole different level of problems for foreigners wanting to live in that country. Look at older American, Canadian, European males who go to the Phillipines and marry a younger woman there. Build a house for her and him....then all of her relatives move in....then he is given the boot...she has title to the house...see'ya chump!
Hey Andrew, what are your thoughts on "Carbon Passports", and do you think multiple passports, Citizenship, residencies, Visas etc Can help protect future travel abilities?
I just did a tax spreadsheet for NHR vs no NHR on about 90k of spending a year. I had to shift which account my spending would come from a bit, but in the end its only around $2k/year tax difference at that spending level. Either people are freaking out about nothing, or there's a ton of really wealthy people here. We do know that the US is full of temporarily embarrassed billionaires I guess.
How did you manage that? Have you got a good accountant in either Portugal or US? We won't have anywhere near that much but would be good to plan ahead for when the NHR goes.
@@lizhutson1 - Portugal has a flat 28% on capital gains with NHR or without it. So I shift spending from an IRA (which is 10% under NHR, and graduated rate without NHR) to only around 30k from the IRA (which for a married couple is where the graduated rate gets higher than the capital gains rate), and the rest from a taxable account which is taxed as long-term capital gains. By doing that, both pre-and post NHR net tax moves from slightly under to slightly over 10%. All i'm really saying though is do the math rather than following the hype. If that math doesn't come naturally to you, have an accountant do it for you. When I do it, I find that the effect of this issue on me would be surprisingly small. Small enough that IMHO, you still should not let taxes be your decision-maker about where to go or live -- let personal interest do that. The difference in cost between places is real, but it can be surprisingly small.
@@Dacoldest7 - good point. I'm doing it as part of retirement planning, so I get to choose the sources of my income from a variety of places I've stuffed money over the years. The point still stands -- do the math before you react.
@@jimking5316 I'm not retired. Age 25-40. I have investments paying out over 200K a year, if I have NHR, i'm tax exempt, straight up. If I don't, I pay 48%. Big deal breaker for me.
As a Luso-American, I’m so glad to hear that Portugal is clamping down. The influx of US expats has been horrible for the country, particularly with housing and locals being priced out.
Yeah Kelly has no idea what she is talking about. I’m Portuguese and I’ve met like 10 Americans in my life. But I’ve met countless British, French, German, and Dutch. US thinks everything is about them even when it’s not 🤣
She's probably talk about how rich Americans probably make locals priced out, like me! Although I would choose any luso-descent over any other immigrant first as long it's not a criminal, all locals here are price out mostly and the ones that got a house are going to pay it for a lifetime (banks don't borrow with fixed rate anymore) only variable rate, the rats have been stuck in the wheel, but they are not tired yet, stuff can still get worse tbh
5:30 Ireland is well-run? Are you keeping up with current events? If not look into the protests that are happening in Dublin right now. Maybe this was recorded more than a week ago?
So Ireland has had riots in the last week and suddenly it's badly-run? The other 257 weeks in the last year, it's been absolutely fine. One or two bad weeks don't undo a vast majority of good stuff (well, not for reasonable people anyway)
