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Four Problems Paying Zero Tax with Portugal’s NHR Program 

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Can you pay zero tax in Portugal? With new resident-non-habitual NHR status, you can spend very little money on taxes or even pay zero on your income. In this video, Andrew shares four problems paying zero Tax with Portugal’s NHR program.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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1 авг 2024

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Комментарии : 177   
@GonzoJamie
@GonzoJamie 2 года назад
Portugal has done a great job of positioning itself as attractive. The devil no doubt will be in the detail. On the surface though, Portugal is desirable as an access gateway to Europe.
@LearnWithMike
@LearnWithMike 2 года назад
Yeah but if you don’t own the business leave from passive income eg rent of the property not in Portugal or dividends paid by stock or sell your crypto stack slowly to cover cost of living you pay 0% tax and no hassle
@chilenozo
@chilenozo 2 года назад
But Portugal is still Western Europe! They are socialists, allow abortion, drugs, and all the woke things conservatives hate! Relatively you can make the tax structure work for you, but you are still in secular western country! I don't think people comes to this channel just to save bucks...it's cause people don't like the cultural changes of developed countries.
@robertovegas5315
@robertovegas5315 2 года назад
@@chilenozo for theocracies go Afganistán you a**hole
@adventago
@adventago 2 года назад
I love tuning into your videos 📽📽📽
@DiogoF.
@DiogoF. 2 года назад
For companies, I sugest the special free trade zone in the overseas EU territory of Portugal - the resort island of Madeira. 🇵🇹🇪🇺🌍
@sebastianvandennoortgaete4061
Can you please explain
@samskie88
@samskie88 2 года назад
Thanks DAWG
@nomadkcfan4403
@nomadkcfan4403 2 года назад
Rocking the Georgia pin I see :)
@AmikoEz
@AmikoEz 2 года назад
Rocking the Georgian flag pin, huh? Loving it.
@luisfilipe534
@luisfilipe534 Год назад
No worries guys... Portuguese people have high salaries to pay the taxes for services you use in the country but that you dont want to pay....
@mariooliveira6780
@mariooliveira6780 2 года назад
Born in Torreira 🇵🇹!!!👍 Will be back soon!!!
@maxflight777
@maxflight777 2 года назад
I wouldnt recommend that part for expats though !! Very cold damp and foggy winters …
@Brasilcat
@Brasilcat Год назад
I'm not sure if you addressed this question. But, I'm retiring with a government municipal pension. That would save me state taxes and i would have only federal taxes. However, does the NHR falls into no double taxation or would I still have to pay the minimum 10 % tax rate in PT after the 10 years? I hope my question makes sense. Thank you and keep up the good work.
@RyanLackey
@RyanLackey 2 года назад
None of this really hurts you if you get a Portuguese passport but don't reside there at all. NHR is a nice option, but the GV/citizenship program has its own merits.
@miranda4119
@miranda4119 Год назад
if you want to be in portugal for more than 183 days this does not solve the problem for most people
@zachryfragapane2706
@zachryfragapane2706 2 года назад
At one point he discusses this but doesn’t answer this question: “what types of USA-based companies (LLCs, C-Corps, etc) qualify for the non habitual tax regime?” Anyone know?
@mohipa4066
@mohipa4066 2 года назад
Come on I am looking for the guy who always lists the highlights of the video! lol
@terriblepainter7675
@terriblepainter7675 2 года назад
Capital gains should not be taxed in Portugal under the NHR program. This is one is an important topic. Currently, Americans under the NHR are supposed to pay 28% capital gains on the sale of us stocks. Consequently , your accountant may believe that you as a US person should be subject to the 28% taxes that applies to residents of other countries who have NHR status and another accountant thinks you should not pay this tax. There was a recent court ruling (that won) that ruled that Portugal can’t tax capital gains because the United States has citizenship based taxation and does tax their citizens capital gains. It is noted under the “savings clause” in the treaty. Portugal does not have the right to tax capital gains tax based on the wording of the nhr legislation. This was a court ruling and supposedly not binding but your accountant who prepares your taxes can take this direction in your Portuguese tax return. You shouldn’t have to pay this! I found this out because I was surprised that capital gains were going to be taxed despite the United States already taxing capital gains, but passive income such as dividends, interest and rental income isn’t (the Portuguese argument that it is already being taxed in the USA). Contradiction, right? Remember, you as a United States citizen you already pay capital gains taxes, vs a British citizen leaving the UK to live in Portugal is being exempt from his home country , so he/she pays capital gains tax in Portugal. I wish the presenter would have touched on the differences.
@wilsonproperty3320
@wilsonproperty3320 Год назад
If you have UK property assets producing income, would that income be 0% tax if a NHR in Portugal?
@jeremyleonbarlow
@jeremyleonbarlow 2 года назад
Portugal's tax regime is troubling for entrepreneurs because of the management and control rules for corporations, their permanent establishment rules, the fact that the US tax treaty has no bright line test of tax residency for a company, I mean Hungary and Malta use place of incorporation as the final determinate. Portugal also has an exit tax for corporations if management and control or a permanent establishment changes it's seat. If you want Portuguese citizenship, marrying a citizen and living outside the country for 4 or 5 years with your spouse is the only way to become Portuguese and not get sucked into the tax net as an entrepreneur. There are other ways, but only if the board of your company is in another country and you are not working in Portugal at all.
@rubensnogueira5838
@rubensnogueira5838 2 года назад
Do you have any sources for that CFC issues? That's the only reason missing to start moving myself. My company is not in a tax haven but I don't want to see it considered as having seat in Portugal just because I become resident...
@jeremyleonbarlow
@jeremyleonbarlow 2 года назад
@@rubensnogueira5838 do you manage and control the company because under Portugal's rules the place where it is effectively managed is where it is tax resident. If you do any work for the company while in Portugal under Portugal's tax law you have created a permanent establishment and the company is subject to tax.
@jeremyleonbarlow
@jeremyleonbarlow 2 года назад
@@rubensnogueira5838 my sources on that would be the annual Corporate Tax Highlights from Deloitte and PWC's tax residence website regarding Portugal.
@jeremyleonbarlow
@jeremyleonbarlow 2 года назад
My other sources would be having read the residency and permanent establishment clauses of the US double tax treaties. I paid particularly close attention because Portugal was high on my list of places to go to get EU citizenship, but the NHR would be of virtually no use to me because of the rules under the double tax treaty and the fact that me doing work in Portugal as an employee of my company would subject me to their tax regime including their exit tax even if I added a couple of board positions and paid a few friends and family members to enjoy a vacation/board meeting as directors every year in Florida. By the way, I'm a tax lawyer
@rubensnogueira5838
@rubensnogueira5838 2 года назад
@@jeremyleonbarlow you are the man! I will take a look at PWC before removing Portugal from my list. What a pity...it would be the "easiest" citizenship to get.
@ibrahimciftci9599
@ibrahimciftci9599 2 года назад
My brokerage is in Germany. If I make profits with shares do I then have to pay tax in Portugal ( NHR Status ) ??
@littlebirdie9667
@littlebirdie9667 2 года назад
Self-employed are under NHR taxed at flat 20% + another 21.3% on 70% income (social security).. which is HUGE tax.
@MJDreams
@MJDreams 2 года назад
I think you are mixing something. I hope at least :) How it is possible to pay twice on the personal income? I guess you either pay 20% or 21.3% on 70% income (in simplified regime). However I wonder if in case of simplified regime you do pay first 21.3% on 70% and later got return if you are NHR... (1.3%). Unless NHR 20% is on 100% of income... ?
@giordanoccc
@giordanoccc 11 месяцев назад
@@MJDreams I think @littlebirdie9667 Is right about that, you have first to pay the 20% of flat tax, (if in the eligible job list), and thereafter you have to pay the social security of 21.3% on the 70%, This is also how I understood it. In total, this is around 35% of the income, which is quite a lot. Does anybody know this for sure?
@AntonioCostaRealEstate
@AntonioCostaRealEstate 2 года назад
Portugal ain't free lunch , as many might think off. First , the Portuguese Government might do away with the VISA for relocations to the large metro areas, specially Lisbon and Porto. They want to maintain the system towards rural and second tiered communities such as Madeira , Azores, Beira Alta, and others. Portuguese from Lisbon are not taking well the sudden surge in housing prices in greater Lisbon.
@luisfilipe534
@luisfilipe534 9 месяцев назад
Not just Lisbon.... the foreign real estate speculation is happening also in the countryside with severe effects to the locals
@peterbyrne3228
@peterbyrne3228 2 года назад
FYI Portugal is clamping down on crypto people, they want those crypto dollars . Also Maltese company set ups paying yourself a dividend (0%-10% tax under NHR) which has been the recommended system is no longer good as Malta has been 'grey listed' .
@LearnWithMike
@LearnWithMike 2 года назад
What you mean they are clamping down on crypto people - if you got crypto stacked up and you slowly sell it to cover your expenses you pay 0% tax maybe businesses set ups etc they are clamping down but owning and selling crypto is 0%
@peterbyrne3228
@peterbyrne3228 2 года назад
@@LearnWithMike Yes but they are getting more aggressive after noticing people coming to Portugal and bringing large amounts of money in, so if you don't have another job and crypto is your only source of income then they are trying to say you're a trader and tax you on those parameters.
@maxflight777
@maxflight777 2 года назад
@@peterbyrne3228 wow ! That’s frightening….
@peterbyrne3228
@peterbyrne3228 2 года назад
@@maxflight777 Portugal is still a great country to live and a viable option for crypto people using other structures, or having a 'normal ' job . NHR is a pretty amazing opportunity.
@LearnWithMike
@LearnWithMike 2 года назад
@@peterbyrne3228 I think you can very easily show them that you are a hodler don't trade and only sell crypto every 3-6 months to live from it not really buy / sell this can be easily proof by statements from your exchange
@Joseph.Gallardo
@Joseph.Gallardo 2 года назад
Hi, thanks for the video! Does that mean that as a self employed freelancer (remote sales worldwide via telephone) going to Portugal from Germany (German citicen) the tax rate would be 20% fix on my complete annual income (around 100.000 us dollars)?
@safiahnd488
@safiahnd488 Год назад
Hey bro, am not an expert, but I read that worldwide income is taxed 0%. The Portuguese generated income is 20% flat.. Do the research and see
@idan5323
@idan5323 4 месяца назад
​@@safiahnd488 no, you have to pay somewhere.
@chrisb236
@chrisb236 2 года назад
Hey Andrew.... would be able to talk more about Bulgaria? Looks like its a 10% flat tax rate. Plovdiv looks like a fantastic city
@rohanindurkar6466
@rohanindurkar6466 2 года назад
The comment below is by scammer don't respond
@remotesupport
@remotesupport 2 года назад
Just back from Plovdiv I really like it. Old town and hipster bars.
@chrisb236
@chrisb236 2 года назад
@@remotesupport Awesome! Would really like to go there in the next couple years
@remotesupport
@remotesupport 2 года назад
@@chrisb236 been twice and every time I leave I’m confused why I don’t stay there. Hour from Sofia and much friendlier people and zero mask. The train from Sofia to Plovdiv is really old skool also great views of the mountains. If you go up the hill to the old ruins you get great views of the city
@chrisb236
@chrisb236 2 года назад
@@remotesupport I'm not sure your situation, but do you think the city would be good for a family? Playgrounds, parks etc??
@buzzgame4410
@buzzgame4410 2 года назад
is staking gains are considered a taxable income in Portugal?
@pauloshea3741
@pauloshea3741 2 года назад
I'd also like to get clarification on this!
@user-vv6bw7cn6q
@user-vv6bw7cn6q 2 года назад
If you are already an EU citizen then probably don't care for the Passport, but 0% is something you can't find anywhere else! Of cource you still have to file for everything and the accounting homework, prove your income e.t.c. but you get in return something very much appreciated. A paper from an EU member state that you have done your homework legally once and have your property legally registered. Within a Country where you don't even have to register or prove everything maybe is cheaper or better , but still there a big risk for the future when everything changes by a new law and since you didn't done your homework when you had all data, now you have to pay more. There is no law to protect you from the future law! In my opinion Portugal has given the best deal of everybody else, you get both 0% AND legality in a Country where nobody hates you because you are Christian , because your skin is white, because locals fail to see that you are just a person and think you represent your Country . In point of view, Portugal definitely deserves more study and attention.
@seanhurley4003
@seanhurley4003 2 года назад
0% tax on dividends and interest, but 28% tax on capital gains... Also, 10% tax on pensions if anyone is interested. If you're home country taxes your pension higher than 10%, then Portugal will charge you 0%. This is all refering to income sourced outside of Portugal of course :-)
@kenlewis2253
@kenlewis2253 2 года назад
@@seanhurley4003 but 0% on crypto gains
@Joseph.Gallardo
@Joseph.Gallardo 2 года назад
@@marcind4644 Does that mean that as a self employed freelancer (remote sales and online coaching worldwide via telephone) going to Portugal from Germany (German citizenship) the tax rate would be in fact 0% or 20% fix on my complete annual income (around 100.000 us dollars)?
@Joseph.Gallardo
@Joseph.Gallardo 2 года назад
Does that mean that as a self employed freelancer (remote sales and online coaching worldwide via telephone) going to Portugal from Germany (German citizenship) the tax rate would be in fact 0% or 20% fix on my complete annual income (around 100.000 us dollars)?
@seanhurley4003
@seanhurley4003 2 года назад
@@p.c.h.6721 i don't think you can lower what the witholding tax the US charges you, unless the double taxation agreement states you will be taxed for said income in the country you live in (assuming you live in portugal)
@laurymelo5741
@laurymelo5741 2 года назад
It seems it's all changed and Portugal will tax you on crypto too. Is this right Andrew? Can you please confirm. Thanks
@dalethepalemale6855
@dalethepalemale6855 2 года назад
How can a remote worker in portugal best utilize the NHR?
@kryptoprawnkrow3084
@kryptoprawnkrow3084 2 года назад
Set up a limited company in a third country (UK, Estonia...). You company will be paying approximately 20% on corporation tax in that jurisdiction. Bill your clients via your limited company. As a company director, you can pay yourself dividends that will be tax free in Portugal under the NHR.
@MJDreams
@MJDreams 2 года назад
@@kryptoprawnkrow3084 He will be working in Portugal... so if they will check him he will be taxed as he will be working from Portugal.
@mrsmith5955
@mrsmith5955 2 года назад
Why does he always ware a Georgian flag pin ? is it a recommendation?
@ApexTrading
@ApexTrading 2 года назад
Cause he lives there and always recommends it in his book
@mrsmith5955
@mrsmith5955 2 года назад
@@ApexTrading I wanted to go there but they have a vaccine mandate on entry, so NO!
@ApexTrading
@ApexTrading 2 года назад
@@mrsmith5955 interesting didn’t know that. Well just hack the matrix and you will be fine
@algife
@algife 2 года назад
I think it has been updated to a minimum 10% tax on foreign income + maximum 20% on Income tax ONLY for those NHRs that are performing some specific jobs from an official list of skilled jobs. I saw It in a report talking specifically about the NHR, I was taking a quick look to the conditions (not in depth)
@farceadentus
@farceadentus 2 года назад
Ah so foreign income is no longer taxed at 0%?
@algife
@algife 2 года назад
@@farceadentus Maybe It just apply to PENSIONS and not all foreign income. However... If you are working remotely from Portugal for your own limited company that work is "home income" and taxed in Portugal anyway although your company might be foreign. AFAIK at least. Also your company might trigger CFC rules and be taxed in Portugal too if you are a KEY worker/director of the company.
@genstian
@genstian 2 года назад
Unrelated, but where did you get that Georgia pin, I want one 😉
@Pablo-or1jo
@Pablo-or1jo 2 года назад
I was hoping he'd mention capital gains treatment on share trading. I don't think they are included in the NHR... And they are taxed at 28%. Can anyone confirm this? Thanks
@marvingiehl
@marvingiehl 2 года назад
I'm also interested in this, also regarding Options Trading
@b4bmm
@b4bmm 2 года назад
Its my understanding capital gains for NHR residents is exempt
@simplyunrelated
@simplyunrelated 2 года назад
How many passports US citizen can have. I have a Croatian besides the US. Is there a limit of how many can I add to it? Thanks everyone
@maxflight777
@maxflight777 2 года назад
I have the same question!
@AlternateHistory
@AlternateHistory 2 года назад
It depends on the country. Many countries accept 1 nationality or double nationality. Also when you enter the border in a country as US citizen that country will consider you US citizen. Choose wisely with which passport you enter said country. You can add as many passports as you want, but the important part is how you enter or register yourself in a country and if you already are citizen of said country.
@AV-iw3xc
@AV-iw3xc 2 года назад
Andrew: The NHR is amazing, great tax savings, beautiful cities Production team: ANDREW!!! ITS IN WESTERN EUROPE, WE CANT ENDORSE WESTERN EUROPE Andrew: …..I’d probably go to Malaysia
@shanksyagami1398
@shanksyagami1398 2 года назад
I read in some places that if crypto is your primary source of income then u have to pay taxes. Is that true?
@rallealyt
@rallealyt 2 года назад
not in Portugal and if it's as an individual. If you open a business focused on trading, that's different...
@christophdenner8878
@christophdenner8878 2 года назад
My plan is to retire Portugal in a few years time and live on dividend income from my stock investments. I will not run a business, not take a job, nothing - just live on dividends. How is the taxation on investment income? I read it is progressively taxed as if it were "normal" work income, and I guess my tax declaration would not be complicated at all.
@fabriziogastaldo3270
@fabriziogastaldo3270 2 года назад
Of course the most normal simple and interesting question is not answered
@seanhurley4003
@seanhurley4003 2 года назад
Looks like if you sign up for the D7 Visa (passive income residency), dividends are not taxed at all. You get the Visa in your home country, then once in Portugal you go to an immigration office and apply for the residency. Lots of youtube vids on it. Let me know if you found any key info. I'm looking at doing the same.
@christophdenner8878
@christophdenner8878 2 года назад
@@seanhurley4003 Many thanks Sean, I didn't expect to ever receive an answer to this question. It almost sounds to good to be true, really - in my country, dividends are currently taxed with 35%. Please keep me updated in case you find out anything important on this topic, I will do the same. Thanks a lot again!
@seanhurley4003
@seanhurley4003 2 года назад
@@christophdenner8878 your welcome, and I have more clarity now. The D7 itself does not make you exempt from foriegn sourced income. But it allows you to apply for the NHR program which allows you to pay tax on foreign sourced income in that country, rather than in Portugal. So I'm not sure the program helps you if you already pay 35% tax on your dividends. This might help you though. In Canada dividends get extremely favorable tax treatment (as do capital gains). I am paying 0% tax in Canada living off only dividends and capital gains. Once my income gets high enough a bit of tax will start kicking in. If you live off only-dividends you can make about $60k in dividends paying 0% tax. This is for Canadian dividends only, but Canada has a lot of GREAT dividend stocks (blue chip dividend aristocrats, good yields too). I wonder if you could set up a tax residency in Canada first, then set up a portfolio of these dividend stocks, then set up your portugese residency. Or perhaps there is some solution for you. The US also has very favorable dividend tax treatment I beleive. Where are you from?
@christophdenner8878
@christophdenner8878 2 года назад
@@seanhurley4003 Hi Sean, this sounds amazing! 60k dividend income tax-free, incredible. I'm currently living in Switzerland, which taxes all global dividend income with 35%, even after I already paid withholding tax of 15% on US stocks and more than 20% on Canadian stocks, which means my taxation on US and Canadian dividend stocks is about 50%. It's hard to create wealth here. I do own quite a lot of Canadian stocks as well as Canadian closed end funds and ETFs, particularly Canadian banks, but also BCE, Telus, etc. Canada is among my top travel destinations anyway, perhaps I should try live there for a while - have been there twice and loved it a lot. Thanks for the inspiration! My portfolio is truly a global one, containing mostly North American, but also European and Chinese stocks. How does Canada tax international dividend income?
@lerryperry
@lerryperry 2 года назад
This is why I do not want to live in any of the EU countries. Things are just too complicated.
@maxflight777
@maxflight777 2 года назад
Maybe , but people can help… and the benefit is the crime is low and the weather utterly perfect.
@laurayale369
@laurayale369 2 года назад
As a US citizen I would still pay the same US income/Medicare taxes plus some Portugal tax, correct?
@NickDemski
@NickDemski 2 года назад
Depends on your lifestyle and living arrangements
@kwajrod
@kwajrod 2 года назад
There is something called the FEIE(Foreign Earned Income Exclusion) in the USA that allows Americans living abroad to exclude $108,700(for 2021) of their income from their USA income tax return. So, unless you make more than that amount, you would only pay the foreign country's income tax.
@laurayale369
@laurayale369 2 года назад
@@kwajrod Thanks. I thought it only applied to income earned in a foreign country though.
@N17sd
@N17sd 2 года назад
What happens after the 10 y in Portugal? That’s the thing that no one is talking about. So can you Andrew elaborate on that matter, please 🤣❤️
@KarYandell
@KarYandell 2 года назад
You would be then taxed as a regular Portuguese tax payer
@N17sd
@N17sd 2 года назад
@@KarYandell thank you. I had an intention or a goal behind my question which is that people should be aware that the honeymoon is not gonna last forever and at some point they are going to pay what they saved . So we should have plan B or move to a place that have a clearer and long lasting benefits.
@pvmoore1154
@pvmoore1154 2 года назад
@@N17sd I believe he states that at the 10 yr point,... you would either accept the standard tax burden or move on to greener pastures.
@madewithrealdiamonds
@madewithrealdiamonds 2 года назад
@@pvmoore1154 Portugal has a blacklist of tax havens, of which, many countries are actually not tax havens and have taxes almost as high as Portugal. They will tax you residually for a few years after you leave, and continuously if any of these blacklisted countries are your tax residencies.
@pvmoore1154
@pvmoore1154 2 года назад
@@madewithrealdiamonds Was your reply intended for me?
@robertp.wainman4094
@robertp.wainman4094 2 месяца назад
Too much bureaucracy!
@sgill4833
@sgill4833 Год назад
So why can't you have your business anywhere?
@Mpiman
@Mpiman 2 года назад
0% on crypto!! I've checked this like 10 times including with professional tax attorneys. If you are not taking professionally its really 0%!!!
@MJDreams
@MJDreams 2 года назад
Who decide on which basis if it is professional trade if there are now law rules? :)
@Mpiman
@Mpiman 2 года назад
@@MJDreams well, that's always a good question :). From what I understand it's a combination of things, but I believe you really need to day trade and live off that and be registered as a business and book your trades to be considered professional. If you have another source of income and trade once in a while (or just hodl), I think there's no risk. btw. I ma NOT a tax advisor, so act accordingly ;)
@snterp
@snterp 2 года назад
I don't see how you can greatly reduce your tax rate under the NHR if you are actually running a business. The 20% personal income flat tax doesn't include the high socials! Foreign investment income is another story. Unless you're American and then you'll have to pay in the US anyway.
@rubensnogueira5838
@rubensnogueira5838 2 года назад
@@libertos9960 Not so easy. Check out another comment on this video regarding management of foreign companies. I still didn't find a source telling exactly what rules Portugal use to determine how a company could become tax resident if (part of) the board is tax resident.
@peterbyrne3228
@peterbyrne3228 2 года назад
@@rubensnogueira5838 it's totally acceptable to have a holding company in Malta and receive dividends from that tax free to Portugal under the rules of the NHR
@rubensnogueira5838
@rubensnogueira5838 2 года назад
@@peterbyrne3228 my conclusion was: it is ok, as long as you don't perform any work for that company/holding, otherwise you will be liable to corporate tax. As I said, check out the other thread where a tax lawyer describes it with more details.
@Scheport
@Scheport 2 года назад
You can always purchase me real estate in portugal, accepting half cash and half bitcoin 😎 crypto is taxed elsewhere, not here.
@peterbyrne3228
@peterbyrne3228 2 года назад
@Pïñned .by. Nomad Capitalist scammers
@Je.rone_
@Je.rone_ 2 года назад
The government lovez themselves some taxes
@celticknot5678
@celticknot5678 2 года назад
Portugal = VAT Great ports for Pirates though.
@maxflight777
@maxflight777 2 года назад
I’m glad you mentioned VAT !! Pretty much the worlds highest ! The expensive cars, electricity water and food almost wipes out the tax benefits ! (Well not quite ! … but you know it’s not a cheap country to live in )
@Hatikvahh
@Hatikvahh 2 года назад
@@maxflight777 expensive cars? unless you are really into sports cars, there are lots of good offers for most people, not too different to other European countries. Electricity depends on how much you use it, they have different levels, also they are in the 16th place in Europe, there are many countries where electricity is way more expensive. Expensive food? maybe in the touristy areas of Lisbon or Algarve's touristy cities and not even so in comparison to many other expensive European countries, food is amazing and affordable in most parts of the country
@sonalight
@sonalight 2 года назад
NHR has a max income of €200k
@paulmaggs3212
@paulmaggs3212 8 месяцев назад
You have reference for that?
@alexinthemiddle4170
@alexinthemiddle4170 2 года назад
There is an English speaking city in Portugal!
@KevKlopper
@KevKlopper 2 года назад
which is?
@maxflight777
@maxflight777 2 года назад
Central Algarve is all English speaking ! (Actually this is a disadvantage if you are seeking to improve your Portuguese! 😂)
@michaellouis5458
@michaellouis5458 Год назад
I pray whoever read this will be successful, keep fighting for success, the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing, roar!!, invest, earn and be successful.
@ryanrainbow2280
@ryanrainbow2280 Год назад
Talking about been successful. I think I'm blessed because if not I wouldn't have met someone who is as spectacular as Hanna macko
@fabriziogastaldo3270
@fabriziogastaldo3270 2 года назад
No worries...the crypto are taxed
@jonazevedo28
@jonazevedo28 2 года назад
We all all possess an intangible asset already, which we can amortize to offset earnings. It's next to your passport. 😉
@jonazevedo28
@jonazevedo28 2 года назад
You need to park your Individual, and operate through a different type of person which has a right to a balance sheet. You can also tier conduit structures. Taxes are for the ignorant, hence the term ignorance tax.
@jonazevedo28
@jonazevedo28 2 года назад
if I say more, there would need to be a disclaimer.
@pauloshea3741
@pauloshea3741 2 года назад
Lien your name!
@tonyspadaCATDAD
@tonyspadaCATDAD Год назад
If I am making 7 or 8 figures, I am not getting my tax advice from a guy on RU-vid. Please stick to advising people with much more common situations. There is so much confusion and misleading information.
@softprincess1
@softprincess1 Год назад
Hi Tony. I have same problem with not getting professional advice or advisor. Did you manage to find a good tax lawyer? Thanks
@seanrolle1548
@seanrolle1548 2 года назад
Tth
@TexanRibs4312
@TexanRibs4312 2 года назад
This is very amusing. However, don't fool yourselves. The reality of most Portuguese people is incredibly depressing. To foreigners, the government creates things like this but for its own citizens they don't care even for bit. 20% of Portuguese people are close to poverty levels, while the vast majority of the rest are paid very little. Portugal is a very poor country. For foreigners with money it might sound heaven, but for the people who live here, this county has nothing to offer.
@pauloshea3741
@pauloshea3741 2 года назад
Sounds just like Ireland, a shit hole if you're a native!
@eoh6708
@eoh6708 2 года назад
@@pauloshea3741 Portugal had an empire a long time ago so really should have done better but both were / are backward insular socialist welfare state shit holes, beautiful country side excepted.
@gabriellarosa5015
@gabriellarosa5015 2 года назад
Da Costa, it is so true! For native life isn't easy at all.
@anna3046
@anna3046 2 года назад
You must be Brazilian!
@gabriellarosa5015
@gabriellarosa5015 2 года назад
@@anna3046, you mean DaCosta? Or me?
@lacymurphy1789
@lacymurphy1789 2 года назад
National Hot Rod Program
@fcseixas2200
@fcseixas2200 2 года назад
3rd LARGEST DEBT IN THE WORLD to GDP !!! / tourism based economy…/ socialist law and State size / IMF sustained economy for a decade. Good luck on your real estate taxes in a couple of years…
@bufordmaddogtannen
@bufordmaddogtannen 2 года назад
Don't forget the atrocious and slow bureaucracy and poor service.
@PeteBoraso
@PeteBoraso 2 года назад
This guy is the biggest fake baller on RU-vid… but videos and contente is good. Fake it til you make it!
@TEAM6USA
@TEAM6USA 2 года назад
I lived in Portugal for 4 years. It is a great place, lots of culture, great food, safe and decent infrastructure. But I have to say.... My friends who still there, have been saying that illegal immigration from Muslim Countries such Afghanistan, Syria, Libya are deteriorating some places very quick. Lots of Brazilians also. France is getting there too. I guess "multi-cultural" invasion is the new black now. And I won't be surprised if Western Europe will become Muslim in few decades down the road.
@pauloshea3741
@pauloshea3741 2 года назад
This is very worrying!
@oumunfeiholeto6885
@oumunfeiholeto6885 2 года назад
Please NO……I will probably be dead by then
@phildavey7466
@phildavey7466 2 года назад
TEAM6USA;. You need to travel more, educate, broaden the mind, & dispel your petty fears....
@madewithrealdiamonds
@madewithrealdiamonds 2 года назад
@@phildavey7466 he doesn't. his view is well aligned with that of most Portuguese. They're not really tolerant, or any sort of tolerant at all. They also don't try to hide it.
@phildavey7466
@phildavey7466 2 года назад
@@madewithrealdiamonds the issue is the attitudes of "TEAMUSA" - talk of "invasions" by other cultures - or people who may not clones of himself. You have to step out of your small town and see the world...
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