Portugal's Golden Visa is Back
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- Опубликовано: 9 июл 2024
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Portugal's Golden Visa, arguably the most popular golden visa in the world, is making a comeback! In this video, we dive into the changes and updates you need to know about this popular program. We'll explore the various investment options available to secure your Golden Visa in Portugal!
00:00 Start
00:30 What Is a Golden Visa?
3:16 The changing landscape of Golden Visas
4:41 Investment Options for Portugal's Golden Visa
9:50 Low-Density Area Benefits
11:31 Is Portugal the Best Option for You?
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Portugal needs immigrants that will actually contribute and live in the country. They do not need real estate speculators
You would think so, yes. But they make it very unattractive with some of the highest income taxes in the entire EU.
@@keepcreationprocess You are welcome
Have fun staying poor
@@cryptohenri Actually I'm not poor I
own property in three counties in the United States. However, I am respectful of others including foreign countries and their people . Maybe you should try it sometime.
@@keepcreationprocess strangers bringing money to the country makes people poor? Sure, totally makes sense 🤡
Just returned from Lisbon , they don’t allow purchase in Lisbon to qualify , they try & push you to the interior of the country now where no one wants to go
Exactly. Not Porto or Algarve either
I’m in Lisbon now, it’s way too congested for me. I’m looking at the nearby golf resorts instead. Algarve is too hot for me in summer I only go there in winter
@@microfarming8583 what sucks is that the locals weren’t investing in these cities & once the foreigners came in & created interest the locals started crying the prices got too high That’s what killed the golden visa
it doesnt matter for someone who just need visa
@@OzziesRobots ya, but that´s not completly true, the problems with real estate in Portugal, has become long before the Golden visa.. but only now starts to hurt!! Portugal by kiking of the golden visa for real estate is not going to much thing for the portuguese people.. the true problem is a lot of demand and little supply.. to much taxes (28% for a rent) and even more taxes to keep the house.. to much regulations, Portugal is the Country in UE that has more regulations in Real Estate (is a fact).. I know because I am a portuguese real estate investor, in Portugal!!
although, I would like more Americans, entrepreneurs and investors here in Portugal.. this country real needs this kind of people
We researched Portugal (and others) but didn't move there. Something seemed off. We selected Mexico. It works for us, and we love living here.
Different levels of crime. To each his own.
What did you see in Mexico that was better?
@@johnkla7866 Merida is just as safe as Portugal.
Bad, bad choice. Mexico?
@@lovethemountains As someone who's lived in Mexico for 2 years, there's no need to have barbs in front of windows in Portugal. Just saying...
Im 50 and retired to Cascais from Los Angeles. The only thing I regret is not doing it years ago. Portugal is, in my opinion, the best country to live in all around.
What’s your favorite things about it ?
@@SandStormXII Security, peacefulness, cost of living, weather, people, clean food, clean water, slower pace of life, nature, easy travel to the rest of Europe, education, healthcare, etc. It's basically, for me, superior to the USA in every way. Btw, I lived as a millionaire in the Los Angeles area. I lived very well, yet, the entire USA isn't equal to the pinky of Portugal. My opinion, but facts support my opinion.
I appreciate the intel. How do you feel black Americans are treated over there?
@@user-nh8zt9wl3c
@@user-nh8zt9wl3c COULDNT DISAGREE WITH YOUR OPINION
@@Bigfan-ns6ov We both have an opinion. Thanks for sharing yours.
Portugal is very small; you can travel from north to south in about 4 hours. Investments can be made anywhere in the country, with more benefits in the interior due to the saturated capital. As one of the most beautiful countries with unique growth potential.
I've just applied for my Irish citizenship and , therefore, passport. Being a Brit, having an EU passport is useful
Great decision!
Never thought I'd see a time where US Americans wanna emigrate so badly
Make AMERICA great again...😄
The ship is sinking
its just the losers
Only magtards will be left
Whats up, my dude! Thanks to you and your team for all the videos.
Thanks for watching!
thats the problem with any country, laws can change on any given day
All the more reason to get in early so the changes don't effect you.
The point of Portugal changing there golden visa is so foreigners will have to contribute in some kind of way to there economy
They were.. via real estate..
@@Xenthoid no they want u to contribute in other ways in a more direct way u can contribute through real estate but that in an indirect way because citizens maybe able to benefit off of it they may not
Interesting concept, the golden visa. Thanks for opening my eyes to the possibility.
Glad it was helpful!
Brilliant , thanks Andrew !!
Thanks for watching!
Hop on a boat from Calais then rendezvous with the RNLI lifeboat mid English Channel. They will transport you to a pick-up point in southern England where you will be provided with free hotel transfer to a free hotel where you will be entitled to free healthcare, free Wi-Fi, spending cash and full board while your asylum application is being approved.
Hello, could you give your take on " Expression of Interest" as option to apply for NHR for those who intend to move over imminently but do not wish to miss the NHR boat, many thanks 😊
Upside of real estate as a US citizen is it's not reportable, unlike funds.
Can you please expand?
Would love to consider....
Great channel thank you.
Thank you!
Thank you…
how is portugal's and spain's construction trades companies? anyone have insight on small construction companies doing well?
Without the nhr, Portugal is out for me.
You don’t need to become tax resident with a golden visa
Another business opportunity uncovered... Wish I was into it long ago.
Please, unveil sir
That picture in the back, though! 😉
True.
Love your show you area great entrepreneur 👍
Thanks! Glad you think so.
10 jobs for what duration?
Looking for properties in the south region Alentejo. Specialy in the interior like Évora and surroundings. Demand is higher than the offer so the real estate value keeps going up. The country is quite small and the distance to the coast is a short drive. The are plenty of funds to aplly and to Invest in tourism business.
Alentejo, like the rest of Portugal,is absolutely beautiful. Congratulations.
Can you please, inquire into the new law that the Argentinian senate is trying to get approved about eliminating the income tax for its formal workers? I wonder if this applies to residents as well?
It still shows investment in property
That's good news
Just applied for Portuguese citizenship through decent. Might just use it to live somewhere more tax friendly.
Yeah, so apparently Portgual has a vibrant democracy which continually tinkers with and tweaks its residency and tax structures. So, factor in that risk of a vibrant democracy when you assess whether Portugal is a safe harbor for you or your assets.
just...lol
They have just killed the NHR special tax regime so you really do not want to be tax resident there. Luckily with golden visa it seems you don’t have to be
The Golden Visa is 'back' but the taxes are much higher, no?
The golden visa has nothing to do w/ the NHR tax scheme. They are different. NHR had worth from the PM that they plan to "END" it. Who knows what that means. They said the same about Golden Visa. Typical politician talk.
If only I was financially capable of owning one.
Any idea when the nhr will end?
End of 2023
My initial thoughts, the Golden Visa is closed, regardless of the name of the visa. People with this amount of money will choose other options. Let's see how many apply v's previously. It sounds like it works for Portugal but not for the person looking for this type of visa. Just my humble opinion.
Lisboa❤
It was never gone!!!!!!
Do you think Portugal would enjoy having a property renovation company who would come in and bring up to spec low condition properties? 🤔
@PatRisbergthe real estate industry doesn't set prices.. prices are set by the demand for housing. Government policy, numbers of building permits, building regulations set prices.
They need such companies desperately, although moving forward there might not be as high a demand as before ( because of scraping the NHR )...I just bought a ruin there and am currently building, ...if the government was smart they would offer some kind of program for renovation of properties falling apart / rural areas...to kind of help refurbish the landscape but offer the properties first to Portugese in all fairness then others can buy ( like France does I believe ) .
Yes!!!! there are too many low condition empty homes
@PatRisberg whaaaat? It's real simple, the seller always wants the highest price they can get, the agent wants a commission, the agent would prefer to list low to encourage either multiple offers or a faster sale closer to asking price, it all comes down to the previous sale prices as a comparison. But always, the buyers dictate the price..doesn't matter what the seller asks, if there is few buyers, then the price drops... if there's more buyers the price goes up... have you ever been a seller?
Portugal its not comunist. Its unfair foreign having best taxes that us that make the country grow and have the peacefull country we have and supposedly you like. The true its that the foreign really had impact on our habitation problem. The right wing also dont like foreign to come if that breaks our poor economy. You can just make a search on youtube do see how much houses were bought by them and they are not to permanent residence.
The problem is that you only came to Portugal because of that low fees and low prices and now we, the portuguese, are paying the costs of that stupid and unfair rule. We born here, we allways were here on the bad times and help make the turn and now you want to benefit with that efort at low taxes.
Portugal is a Communist/socialist country with the highest taxes in Europe. The housing problem is aggravated by all the restrictions made by the Gov, and it will get worse in 2024! There are studies that show that only a small % of houses were bought by foreigners.
Socialism is the path to communism (Robert Kiyosaki)
🤣🤣🤣🤣🤣@@joaoportugal8618
I have great grand parents on both my mother and fathers side from Portugal my great grandfather also served in the Portuguese military …. When I went to the Portuguese embassy in my country to see if I can claim citizenship, they told me it only applies up to second generation I.E. up to my grand father …. Is this correct? Also both my parents are now deceased …please advise
To determine your eligibility for citizenship by descent, you can use the CBD Eligibility Checker on our website. If you have any specific questions or need personalized assistance, feel free to reach out to our team directly. We're here to help! nomadcapitalist.com/products/citizenship-by-descent/
Spaniards are now migrating to it since Andorra had filled up. ..
I‘m not looking for such a Golden Visa, but found your video extremely astute, concise and pleasantly relaxed for such a topic. Great! Now for another idea: Married? Wife pregnant? Wanna give birth in Portugal? Hmmmm….. Maybe one automatically gets the right to live there if one‘s child is born there? Just thinkin‘….
👌🏾
Maybe because I’m Brazilian, living in Portugal doesn’t apeasse me. It’s nice but boring, too slow. Good food, safe and nice weather but still. I don’t know. Desculpe Portuguesada. Grande abraço.
Lol, it’s true, went there for a week to Lisbon to try it out, to see if I wanted to move there since it’s cheap. I was bored by the 2nd day. I would assume if you’re in your late 50s, or a boomer, I guess it’s ok.
Would not move there, visit once and done
I did a Eurotip last month Switzerland, France, Spain, Portugal with Portugal being my least favorite and Switzerland being my favorite.
Maybe because I only spent a weekend in Porto, but is Lisbon worth it? I also met many Portuguese complaining about Portugal wanting to leave
What happened in Porto stayed in Porto. Don't be a salty foreigner.. tons can be said on your favelas.
@@Denver_____ What was boring in your opinion? What did you feel Portugal was lacking that you missed?
Sooo conservative, cant live within Portugals little box
Andrew how much does it cost to work with you.
Is there anywhere that I could get a citizenship with a UK passport and next to no funds? Also I am an employee and not a business owner.
I always dreamed of moving to France, Italy or Portugal but Brexit chamged a lot.
Teach English is your best bet if you don't have any skills that are in demand.
Portugal was beautiful, but learning new language is a different story…
Why? Painful? To get a2?
In Portugal all kids begin to learn english from 5 grade to 12 grade (8 years). This happens since 1976. You can speach or in Portuguese or in English. Everyone understands you.
@@densisforconsulting not true
I just saw online that you can still invest in real estate for 500,000?
Capital Transfer:
Choose from the following options:
- Invest EUR 500,000 in investment or venture capital funds dedicated to capitalizing Portuguese companies, with a maturity of at least five years, where 60% of the portfolio is in national companies.
- Allocate EUR 500,000 for research in entities within the national scientific and technological system.
- Invest EUR 400,000 in a low population density area.
- Contribute EUR 250,000 to support artistic production or the preservation of national cultural heritage.
- Invest EUR 200,000 in a low population density area.
Business:
Select one of the following:
- Create a minimum of ten new jobs.
- Generate eight new jobs in a low population density area.
- Invest EUR 500,000 to establish a commercial company in Portugal, creating at least five permanent jobs for three years, or increase the share capital of an existing Portuguese company, generating a minimum of five permanent jobs or maintaining at least ten jobs for three years.
*A low population density area has fewer than 100 inhabitants per km² or a GDP per capita below 75% of the national average.
por causas destes gajos é que é impossível para um português alugar uma casa em Lisboa ou arredores, é uma concorrência desleal. Precisamos de casas para morar e não para especular.
I hope you shall say that wealth is silent
🎉 🎊🎉 .....
hooray!
I am citizen of the EU so I can retire from lreland to Portugal 😊
My kind of town, Moscow is. . .
Take away -- bring a half million dollars, and bring your company and jobs.
I think I just need to get my buddy to get Irish citizenship through descent and then marry him (':
Gotta do what it takes in this day and age haha.
I just got my Irish citizenship by descent. How you do’in?
Still got to live there for 3 years
Totally get it bro. I’d do the same. F it
Why don’t you make a video for crypto business or crypto people?
This is needed.
Doing my due diligence, spent Dec to March '23, mostly in Southwest/Algarve. It's a socialist nightmare, like canada. Not worth the effort. Morocco & Tunis this Winter.
Socialist nightmare like Canada… you don’t know what you’re talking about… educate yourself lol
Keep us posted on how that goes please.
it has been governed by Socialist governments for decades now, very similar to Canada but salaries are much lower
I get the socialist nightmare. Like all EU countries. French citizen living in the USA, wanting to return to Europe, but not within the EU. I am studying my options.
@@stayfocused1041let me know what options you come up with! I'm exactly the same, an EU citizen paying a ton of taxes but wanting to relocate
he kinda sounds like a politician
I've heard the backlog is worse. All golden visa applications will be done by 2030 as of the moment.
Socialist ≠ Communist
lol what part of the country is communist?
Yes, there still is a communist party in Portugal, which is a sign of a healthy Democracy. Only an American to think that’s surprising… the red scare didn’t affect all the world 😂 anyway, Lisbon and Porto aren’t the only nice cities to live, I would argue that Lisbon is actually worse than many…
Portugal beckons with a wealth of opportunities for savvy investors. Picture a country where multilingualism thrives, culinary excellence knows no bounds, and a warm and friendly populace welcomes you. Explore a vast coastline offering endless possibilities in maritime ventures.
Within a mere hour from bustling urban hubs, discover an interior ripe for investment, promising untapped potential. Benefit from a skilled and cost-effective workforce, positioning Portugal as a strategic investment destination in Europe. Seize the chance to be part of Portugal's promising future - where culture, business, and natural beauty converge. Invest in Portugal, where opportunities await your vision.
not sure if I want a Western Europe/ US/ Canada/ Australia passport or residency. Europe is pretty much a crumbling empire and nothing but a continent for tourists.
and illegal migrants funded by Soros
Well, why youtube is suggesting me moving to europe. I had been there for 6 years (4 years study + 2 years job) and didn't like it at all. And By now more or less people realizes the power shift to GLOBAL SOUTH. so fewer and fewer citizens are interested to go West or Europe. People want to live in peace and un disturbed. Not in r@cism double standards. This video should be directed to western people.
Can you answer one very important question for me! Where can I go get a Golden Visa and get a medical insurance through that government? Where ? I missed Turkey when it was $250k I know it’s not in the European Union but still it gives you in three months the passport plus medical but it went up to $400K please can you help I am 75 years old want to retire anywhere but not here in the USA
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Now that the prime minister of portugal has resigned,will that have a significant effect on the future of the golden visa program @andrew henderson @ nomad capitalist