Where would you move if you had a Family?

[toums]

new one ALREADY enforced ? source ?

 

[Alonzo]

To be eligible you'll have to earn income from one of their profession categories.

 

[Radko]

I spoke to‌ a Portuguese lawyer last week, that's what he said.
There are others perks, but I‍ only talked to him about foreign capital gains and income.

Do a search, "New NHR",⁠ you'll find plenty of articles.

 

[saintjohnny]

No family but I moved to Monaco and it's pretty good so far.

 

[toums]

yes saw‍ it but condition to get it is more strict and have to be in a⁠ specific list of job.. But yeah free capital capital (oversea) is a good thing.. if⁤ it's really apply to stock market..

 

[jafo]

Don't lose this, brother, and do NOT engage in ANY shady deals‍ with ANY shady individuals (government "licensed" individuals should be AVOIDED at ALL costs) and risk⁠ screwing this up! 😉

You are on the fast track to keeping ALL your wealth, but⁤ most importantly, you won't be accused or charged with "tax evasion" EVER!

PS. Do NOT⁣ own property in ANY other country...unless it's also devoid of income tax filings! 😎 - Up,⁢ up, & above!

 

[Radko]

Yes, no capital‌ gains tax on foreign financial assets, and no taxes on foreign income.

I couldn't move‍ to Portugal before, but I can move now and live tax free, but I don't⁠ think I'll end up moving to Portugal, finding an affordable long-term rental is challenging, at⁤ least in the South (Algarve)

 

[jafo]

Algarve is SO nice! Great seafood! Good weather.

PS. or at least it used to be. I haven't been there since the pandemic)

 

[Radko]

I was‍ there last year, in September, it's still really nice. Cheaper than Spain when it comes⁠ to groceries and life in general, but finding an affordable long-term rental is challenging, for⁤ sure more expensive than in the south of Spain. Too much demand for rentals given⁣ the success of the NHR program. The beach in Portimao is so nice!

 

[jafo]

Now, I remember why I didn't like the NHR program... the wealth taxes on property‌ and the property taxes. I was looking to own. stupi#21

 

[toums]

I dont⁤ know well Algarve, but it's the same story In Lisbon.. very complicated to find good⁣ flat (quality/price) and even more complicates on the rental market... Just few offers and price⁢ 'very high' for Portugal..

Take also in consideration that Portugal has a big 'black list︀ coutries' if your income come from their countries, you can pay 35% tax instead of︁ 0%, so need to be careful from where it's come

https://www.pwc.pt/en/pwcinforfisco/tax-guide/2024/favourable-tax-regimes.html

 

[Radko]

What a long list, pretty much every‌ island in the world. Thanks for that!

 

[scooterguy]

I love those lists, they give you ideas of where to relocate next or set‌ up your new business. smi(&%

 

[burden]

How about setup company⁠ in Portugal that hold shares in UK company and distribute profits always from UK company.⁤ Register the UK as payment processor for the Portugal company only.

 

[toums]

i don't get the point/link?

What's the point to set⁠ up a Portuguese company? and where are you resident in that situation?

 

[toums]

Update* I saw with a lawyer there, you can avoid the‍ blacklist with countries with DTT with Portugal, so like UAE, Panama, Bahrain, Andorra, HK etc....⁠ IF you are under NHR. If you don't have (or not anymore) the NHR tax⁤ scheme activated, then 35% (instead of 28).