Gimme Some Truth: Updates to Portugal's NHR Program

NEW updates to Portugal's NHR Program! Thinking of moving there? This could definitely impact you. Keith and Stan walk through what it all means. #portugal #portugalproperty #portugallifestyle #portugalexpat #usexpat #financetips #nhrprogram

[@luisfilipe534]

Real estate speculation by foreigners is making impossible for locals to buy or rent a house

[@yoda6051]

ROTH IRA question, please! If you are a more "normal waged" worker in say Japan or China, making around 50,000 USD a year, the only way to contribute to a Roth IRA would be through foreign tax credits, right? 50K gross in China would likely come out to about 5,500 or 6,000 USD in total taxes paid to the Chinese government, I believe. 50,000 USD of earned income in the US would make me liable for about 6,300 USD of federal income tax, right? So would I owe the US government about 300-600 USD after my foreign tax credit? Then, I would legally be allowed to contribute the full 7,000 to my Roth IRA? If not, maybe just taking the FEIE would be better? Then I could contribute to a normal brokerage account and just buy and hold. Hoping to put in about 15K a year into a brokerage account and save another 9/10K cash due to the lower cost of living in Asia.

[@Shakira.zackery]

Ok so is it startups with more than 25 employees or startups with less than 25 employees? I’m applying for the startup visa and have not gotten approved (yet) but I am very interested to see if I can still qualify for the NHR with my tech startup.

[@DoesThisMakeSensePeople]

Any idea what applies as scientific? A PhD giving classes in PT would qualify?

[@7223adobe]

You have been one of the key sources I have relied on for PT tax information. My wife (dual EU/USA) and I will hopefully be moving to Madeira this spring. We are waiting for the full text of the budget to be published by the government in Lisbon this Thursday. We were in Funchal at the end of November to apply for her residency CRUE, and we SHOULD BE good to go, provided the official transitional regime is as previously leaked, and the Madeiran government doesn't pull a fast one on us (they seem to be anti end of NHR anyway). BTW, I'm an audio engineer by trade, and those Shure SM-7's are directional cardoid microphones. Stan is completely off-axis to the pickup pattern of the mic in this video, and some of what he is saying as he trails off at the end of his sentences is so quiet that it's unintelligible. Other than that audio nit-picking, great job guys! Thanks!

[@usexpatinvesting]

We will be sure to get Stan on axis! Thanks for commenting and watching! Good luck with your move!

[@pures1n]

Was anything interesting said in the budget text? I tried looking for it but didn't see anything.

[@devincampbell3431]

October 10 is the date when the termination of the existing NHR tax regime was formally submitted to the OE 2024 budget.

[@pures1n]

@@devincampbell3431 Yea but you can still qualify under the transitional regime based on a certain set of criteria. For example: You book you your VFS appointment before the end of 2023.

[@devincampbell3431]

@@pures1n True. I should have clarified. My comment was in response to the point in their discussion where they were wondering where the random date of October 10 came from.

[@FilipeSilva1]

Dá-me verdade. Tone.

[@user-fe7wu5se2s]

Diz-me a verdade