I don't think most people are moving to Portugal for women. If anyone is factoring women into a moving decision then they have already lost.
WTF Portugal?!
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I disagree. Would you like to live in a nice place, or in a safe house in Somalia just because it's cheap, it have no income tax and also is crypto-tax free?
Pussy? In Dubai? Like... how can i get a girlfriend in Dubai? Or i have︀ to pay 700$/hour for escorts? with 700$ i can keep 2 happy girlfriends in Colombia,︁ or Russia.
So Basically, if I am a programmer, and i work for an US︂ friends, can i bet taxed 0% in Portugal ?
https://taxsummaries.pwc.com/portugal/individual/taxes-on-personal-income
or i will have to︃ pay taxes like mentioned here:
https://e-residence.com/freelancer/
Portugal is actually on TOP #3 as the highest︄ tax country.
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
https://i.ibb.co/VLnC4WN/taxes.jpg
Pussy? In Dubai? Like... how can i get a girlfriend in Dubai? Or i have︀ to pay 700$/hour for escorts? with 700$ i can keep 2 happy girlfriends in Colombia,︁ or Russia.
So Basically, if I am a programmer, and i work for an US︂ friends, can i bet taxed 0% in Portugal ?
https://taxsummaries.pwc.com/portugal/individual/taxes-on-personal-income
or i will have to︃ pay taxes like mentioned here:
https://e-residence.com/freelancer/
Portugal is actually on TOP #3 as the highest︄ tax country.
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
https://i.ibb.co/VLnC4WN/taxes.jpg
The girls are easy but i haven't seen crazy amounts of desperate gold diggers who'd f**k︀ anyone just for a free meal or prospect of marrying a naive expat lol. With︁ that said you still need some game, it's not Ukraine or Colombia where being an︂ expat makes you a pussy magnet. Portuguese people don't make crazy wages but they aren't︃ piss poor either, especially in the bigger cities.
And @Martin Everson said it well, never︄ move to a place with women in mind, focus on the more important factors first︅ (Taxation, friendliness to expats, business climate, cost of living, etc)
And @Martin Everson said it well, never︄ move to a place with women in mind, focus on the more important factors first︅ (Taxation, friendliness to expats, business climate, cost of living, etc)
I went to Portugal on vacation, and I am happy to share my view on Portgual here. I have visited something like 25 countries, so I can compare. I was influenced by the many youtube videos about Portugals.
I stayed in Porto and drove around Portugal.
First, I understood that the very rich people who bought a house in Portugal didn't live there. They used Portugal as a tool for tax optimization. Portugal is not as international as I thought. For sure, there are students from all over the world in Portugal but apart from this, it is hard to find regular people off season.︀
There are a lot of real estate scams. Nobody talks about it. I saw many︁ unfinished brand new houses. I saw overpriced apartments. I heard many stories: "problems of regulations,︂ fraudsters who went away with money of real estate owners.
The job market is not︃ bad in Portugal, the job market in Portugal is REALLY bad. Low paid jobs and︄ no jobs. all young people still today leave Portugal to find a job in the︅ northern part of Europe. This is really a hint that something is really bad about︆ this country.
I would not try the ultra left wing majority. It would be suicidal︇ to move to a country where the ultra left has the power.
I had problems︈ with the apartment where I stayed, I had no heating in November for 1 week.︉ Several plumbers came. People who came to Portugal face the same problem.
I understood that︊ people who invest in Portugal take a major risk. Because, they must transfer their money︋ to a bank account of a Portuguese main street bank. They may also buy local︌ assets. Let's imagine you transfer 1 million euros to a bank in Portugal. If Portugal︍ isn't the last destination of your money, the money must transit via Portugal. So, then,︎ the Portuguese tax authorities will exactly see how much money you transfer.
Is it worth️ trusting them? I don't think so.
By the way, I have heard that all these famous singers from the USA or France who decided to invest in Portugal are moving away. I don't know the reason.
I stayed in Porto and drove around Portugal.
First, I understood that the very rich people who bought a house in Portugal didn't live there. They used Portugal as a tool for tax optimization. Portugal is not as international as I thought. For sure, there are students from all over the world in Portugal but apart from this, it is hard to find regular people off season.︀
There are a lot of real estate scams. Nobody talks about it. I saw many︁ unfinished brand new houses. I saw overpriced apartments. I heard many stories: "problems of regulations,︂ fraudsters who went away with money of real estate owners.
The job market is not︃ bad in Portugal, the job market in Portugal is REALLY bad. Low paid jobs and︄ no jobs. all young people still today leave Portugal to find a job in the︅ northern part of Europe. This is really a hint that something is really bad about︆ this country.
I would not try the ultra left wing majority. It would be suicidal︇ to move to a country where the ultra left has the power.
I had problems︈ with the apartment where I stayed, I had no heating in November for 1 week.︉ Several plumbers came. People who came to Portugal face the same problem.
I understood that︊ people who invest in Portugal take a major risk. Because, they must transfer their money︋ to a bank account of a Portuguese main street bank. They may also buy local︌ assets. Let's imagine you transfer 1 million euros to a bank in Portugal. If Portugal︍ isn't the last destination of your money, the money must transit via Portugal. So, then,︎ the Portuguese tax authorities will exactly see how much money you transfer.
Is it worth️ trusting them? I don't think so.
By the way, I have heard that all these famous singers from the USA or France who decided to invest in Portugal are moving away. I don't know the reason.
Real estate is a problem in Portugal. Many of them are built cheaply and start to mold after a few years. These moldy buildings are then sold/rent to foreigners. Would not be surprised if it is similar in Dubai/UAE from what i have heard.
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thomasparra
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I did some research and these artists are leaving because tax optimization might not be as interesting as before. Especially around music royalties. When they are high it might be worth it in the short term but when they stop performing and their royalties decrease it's not as interesting.
I did some research️ and these artists are leaving because tax optimization might not be as interesting as before. Especially around music royalties. When they are high it might be worth it in the short term but when they stop performing and their royalties decrease it’s not as interesting.
I think this thread went far out of control.
For now I will close the thread until it is cleaned. Please stick to the topic and don't turn threads like this into something totally off topic!
For now I will close the thread until it is cleaned. Please stick to the topic and don't turn threads like this into something totally off topic!
Portugal:
This program will be terminated soon ->
https://economictimes.indiatimes.co...d-golden-visa-scheme/articleshow/95295620.cmsTo much pressure from inside- and outside-forces. Not surprising considering how things develop in the European Union.
This program will be terminated soon ->
https://economictimes.indiatimes.co...d-golden-visa-scheme/articleshow/95295620.cmsTo much pressure from inside- and outside-forces. Not surprising considering how things develop in the European Union.
Most likely. The prime minister made it clear that the Golden Visa program has fulfilled it's purpose. NHR is historically just a derivative.of this Golden Visa program which was initially launched out of the same economic emergence.
Moreover, since NHR is a preferential tax system it does not fit anymore into the spirit of EU tax harmonisation attempts.
Moreover, since NHR is a preferential tax system it does not fit anymore into the spirit of EU tax harmonisation attempts.
Georgia HNWI is purely tax related and needs to be renewed yearly. It has no implications on your residency status and, as a standalone tool, is not accepted for DTT purposes.
Whereas MM2H is a long term residence permit without any tax implications.
Only SRRV is lifetime and grants permanent residency. Since the Philippines does not have a 183-day rule and rather qualifies an alien as a tax resident when he/she has the intention to︀ reside permanently in the Philippines (look up the similarities to Indonesian tax legislation), SRRV is︁ the most attractive. However, new limitations have been introduced and it is no longer granted︂ easily.
Whereas MM2H is a long term residence permit without any tax implications.
Only SRRV is lifetime and grants permanent residency. Since the Philippines does not have a 183-day rule and rather qualifies an alien as a tax resident when he/she has the intention to︀ reside permanently in the Philippines (look up the similarities to Indonesian tax legislation), SRRV is︁ the most attractive. However, new limitations have been introduced and it is no longer granted︂ easily.
These regimes in EU countries will end. That's I am big sceptic of all these Italian lump sum, Portugal HNWI and similar. It can all change very any time.
You build your life in a country with "regime", buy properties and later you will face the reality the "regime" is abolished.
You build your life in a country with "regime", buy properties and later you will face the reality the "regime" is abolished.
What do you mean Georgia HNWI is not acceptet︁ for DTT? You are awarded Georgia tax residency from Georgian side, then article 4 of︂ DTT will further clarify in which country you will be considered tax resident in case︃ another country will claim you are tax resident there.
Why do you say that MM2H︄ does not have tax implications?
Any foreign sourced income not remitted to Malaysia is tax︅ exempt, this sounds like a very beneficial tax implication to me.
Are those the current︆ requrement for the SRRV? SRRV – Philippine Retirement Authority
Why do you say that MM2H︄ does not have tax implications?
Any foreign sourced income not remitted to Malaysia is tax︅ exempt, this sounds like a very beneficial tax implication to me.
Are those the current︆ requrement for the SRRV? SRRV – Philippine Retirement Authority
The Georgian HNWI certificate is not an ordinary tax residence certificate. Not only does it look different, it explicitly states that it has been issued based on your special status. Furthermore, that this status is not based on ordinary residency.
Due to this a foeign tax administration will refuse to grant DTT︀ benefits, if this claim is exclusively based on the presentation of such a certificate.
Having an MM2H is not sufficient to claim tax residency. MM2H grants the right to︂ stay in Malaysia for an extended period of time. It does not oblige you to︃ stayed. Without tax residency MM2H has zero tax implications.
A residence permit has nothing to︄ do with taxation!
No, SRRV SMILE doesn't exist anymore. It has been abolished in 2021 when PRA︆ reopened.
Only SRRV CLASSIC is applicable.
Furthermore, internal procedures have been tightened massivley. Today the︇ following applies:
If you are from a Western country that has friendly relations with the︈ Philippines your chances are good to secure the SRRV.
If you are from an exotic︉ country or a territory where the Philippines has certain problems with your application might need︊ more time and the outcome is quite uncertain.
If you are from China, do not︋ waste your time (no more SRRV for them after all the misuse).
It is expected︌ that SRRV terms will be changed soon: More expensive, less countries, again a higher age︍ limit (60).
All documents presented for the application process need to be translated, authenticated, notarized︎ and apostilled.
Money needs to come directly from abroad in US-Dollar and wired by SWIFT️ to a transactional account (only functional for this one-time procedure) which has to be opened by you in your name in the Philippines. From there your money goes into to a Special Purpose TD in your name at the same bank.
The benefits listed on the website are not applicable in the way listed there (outdated). Specifically points 3. and 6.: No more assistance with other agencies since PRA does not have the workforce for it anymore. Health insurance now has a specfic "resident alien tariff" with lower benefits and higher premium compared to the tariff for resident citizens.
Due to this a foeign tax administration will refuse to grant DTT︀ benefits, if this claim is exclusively based on the presentation of such a certificate.
Having an MM2H is not sufficient to claim tax residency. MM2H grants the right to︂ stay in Malaysia for an extended period of time. It does not oblige you to︃ stayed. Without tax residency MM2H has zero tax implications.
A residence permit has nothing to︄ do with taxation!
No, SRRV SMILE doesn't exist anymore. It has been abolished in 2021 when PRA︆ reopened.
Only SRRV CLASSIC is applicable.
Furthermore, internal procedures have been tightened massivley. Today the︇ following applies:
If you are from a Western country that has friendly relations with the︈ Philippines your chances are good to secure the SRRV.
If you are from an exotic︉ country or a territory where the Philippines has certain problems with your application might need︊ more time and the outcome is quite uncertain.
If you are from China, do not︋ waste your time (no more SRRV for them after all the misuse).
It is expected︌ that SRRV terms will be changed soon: More expensive, less countries, again a higher age︍ limit (60).
All documents presented for the application process need to be translated, authenticated, notarized︎ and apostilled.
Money needs to come directly from abroad in US-Dollar and wired by SWIFT️ to a transactional account (only functional for this one-time procedure) which has to be opened by you in your name in the Philippines. From there your money goes into to a Special Purpose TD in your name at the same bank.
The benefits listed on the website are not applicable in the way listed there (outdated). Specifically points 3. and 6.: No more assistance with other agencies since PRA does not have the workforce for it anymore. Health insurance now has a specfic "resident alien tariff" with lower benefits and higher premium compared to the tariff for resident citizens.
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