Question Refusal of 70-90% Income Exclusive in Italy, What Netx?

[Anonymous1234]

Marzio said:
What's the problem of living in Portugal for the amount of time required to cash out?
Click to expand...

Are you sure I will not be taxed if my investments or holdings outside portugal is not passive? For sure I can hire a director but my capital gain or any income outside portugal will not be taxed?

Marzio said:
Are you Dennis Rodman or what?
Click to expand...

I am RISHI SUNAK, I know the UK will go to the shits sooner or later 😛

 

[Marzio]

A1988 said:
For sure I can hire a director but my capital gain or any income outside portugal will not be taxed?
Click to expand...

My understanding is that if you don't actively manage the company from PT, foreign income will be exempt under NHR.

 

[Anonymous1234]

Marzio said:
My understanding is that if you don't actively manage the company from PT, foreign income will be exempt under NHR.
Click to expand...

I am Considering living in portugal under NHR but near the spanish border, is there any limitation in NHR regime? What if my capital gain is more than 2m Euros? Someone told me NHR is good for someone who has net income or wealth of less than 2m euros? Is that correct or I am missing something?

 

[Anonymous1234]

JustAnotherNomad said:
What about exit tax when you relocate from Spain to Portugal?
Click to expand...

you have any idea about nhr structure that works? like cyprus holding company or gibralter?

 

[JustAnotherNomad]

A1988 said:
you have any idea about nhr structure that works? like cyprus holding company or gibralter?
Click to expand...

I believe that Portuguese lawyers typically set up companies in Cyprus or Malta to combine with NHR residency, but I don't know any details about that.
It would kind of make sense since those countries have the lowest taxes in Europe. But in theory, I guess it should work with other countries as well.

 

[Anonymous1234]

Hello everybody, since I am really grateful for everyone's contribution in this thread and it really helped me to formulate my strategy and effectively implement it with all the information and experience shared, I have finally proceeded with Malta for my tax residency for a couple of years till I realise the gains from my companies, with the war situation and close proximity to Israel gaza, I avoided dubai and Cyprus at the last minute, sometimes it comes down to overall balance rather than just taxes, weather or overall quality of life, I know Malta is not perfect but it fits my family and our overall objectives for the next 2-3 years, my children are enrolled in the best school in malta and I've decided to get a place in the southern part of the island away from the noise, I have amazing internet speed and view of the sea from my house, hope nothing silly happens to Malta in the short run, for now atleast I can believe that my family is safe and away from the unstable war situation that is unfolding, hope this stops and innocent people are not killed for power and hunger for more. Peace.

 

[Marshal]

A1988 said:
Hello everybody, since I am really grateful for everyone's contribution in this thread and it really helped me to formulate my strategy and effectively implement it with all the information and experience shared, I have finally proceeded with Malta for my tax residency for a couple of years till I realise the gains from my companies, with the war situation and close proximity to Israel gaza, I avoided dubai and Cyprus at the last minute, sometimes it comes down to overall balance rather than just taxes, weather or overall quality of life, I know Malta is not perfect but it fits my family and our overall objectives for the next 2-3 years, my children are enrolled in the best school in malta and I've decided to get a place in the southern part of the island away from the noise, I have amazing internet speed and view of the sea from my house, hope nothing silly happens to Malta in the short run, for now atleast I can believe that my family is safe and away from the unstable war situation that is unfolding, hope this stops and innocent people are not killed for power and hunger for more. Peace.
Click to expand...

With rental prices in Dublin going through the roof nowadays I'm not surprised why you chose Malta over Ireland.