Latest Updates: Portugal Golden Visa

[@rof8200]

An eu passport is not worth eur 1 million. It's not like you can sell it

[@bragboy]

As a GV applicant, good luck getting your application to move! You will have to endure excruciatingly long wait times without any progress whatsoever. Also, that passport will never be a million-dollar asset, no way!

[@Thomas-wz2nu]

Yes, so how is it that millions are entering for nothing and with nothing across the Mediterranean….

[@DeathObserver]

Any Western EU Country that has zero or low income taxes for self employed working alone, from home? I notice all countries that offer "benefits" will tax active income even if your customers are overseas and your business is entirely independent. Even non dom regimes might want to tax you because they assume you're producing your income locally even if you don't have any customer in the country where you live. Many of us don't need a citizenship because we already have an EU one, but we're certainly looking for lower taxes, specially if we don't want to have children or pay for other children to be cared for. High local salaries are bad too, as we have to pay more for products, services and real estate. "Cheap" countries like Portugal and Spain have insanely high Income Taxes and Social Security contributions even if you just make a regular 3000 per month income, because they assume you're rich when their minimum wage is 6 or 700. Sorry for asking a question that's not related to your target audience, but nobody seems to care about producing content for "low income" people that are free to live anywhere and online tools for comparison are misleading and the information never matches when you research each country individually. There's always a "but" that doubles your taxes, for example. Thanks anyways. Have a nice Sunday!

[@macaccount4315]

I got my EU passport through Portugal GV. Super easy.

[@michaelgood9218]

super easy , lol

[@shaduwy]

Really?

[@user-pu8gj4rq5s]

I m still waiting for My first TRC through GV for nearly 3 years . Pathetic

[@mariadavis3797]

I’m both Spanish and French and won’t move to the EU for several reasons: Proximity to Russia and possible war zones, EU’s immigration nightmare, EU’s intrusion in national affairs, low salaries and very high taxes; undo the EU and we’ll see.

[@Thomas-wz2nu]

Yep, replacement level third world migration into Europe…

[@groupongroupies]

lol.

[@FinancialFreedomLifestyle]

Good to know. Thank you!

[@OffshoreCitizen]

A pleasure! What are you thoughts on the current GV program?

[@FinancialFreedomLifestyle]

@@OffshoreCitizen Maybe Portugal is calling our names ;)

[@WealthyExpat]

You've been in Maldives for a long time! I'm jealous haha

[@OffshoreCitizen]

Only a few days, but filmed a lot while there. Love Maldives 😎

[@GoodlifeInvestor]

@@OffshoreCitizennice location for filming

[@tinglestingles]

Seeing an increase in rental inventory in Portugal - unknown if it's due to NHR cancellation or the new law making vacant properties available for rental even if they are against the wishes of the owners. Not quite nationalisation of private property but close to it. It looks like the current government might pull back from the last governments legislation.

[@tinglestingles]

We are also seeing a slowing in the number of new arrivals here. The immigration office still has over 400,000 outstanding appointments for new residencies, unifications or renewing residencies. Due to the backlog, the government has announced that outdated residency cards have been extended for a year.

[@Char_137]

😊😊😊😊😊😊😊😊😊😊😊😊😊Hello from Rio in Braziiiiiillll!!!!! Cheers❤❤❤

[@300rivers4]

Sounds like if you can afford it, it's still one of the better overall options out there.

[@user-hq2wd2xo9f]

Buy million dollar assets for an insane tax… good to have eu access or residency but not a tax friendly option

[@patricks1251]

If you already have an EU passport via descent can you relocate to portugal for lower taxes? : asking as someone who lives in canada with canadian citizenship but i do also have a EU passport (not portugese)

[@Xenthoid]

does the D8 have a high stay requirement? If it takes 7 ish year to get Portuguese citizenship via golden Visa then why not simple go via D8 visa and renew until one is eligible for PR?

[@berniekeene868]

Why is Portugal citizenship worth a million dollars? I don’t mean because another citizenship might actually cost a million? I mean how is being a citizen of Portugal going to be the same as having a million dollars to add to your investment portfolio? Thank you.

[@andytaquechel6933]

It's worth a million to people who have money but cannot obtain the lifestyle without the visa. This opens up all of Europe for you and your family, greater travel access without visas, and a ton of educational opportunities and freedom for your family. To others, that's worth millions or more in value

[@susanalai184]

hi, is your meaning apply Golden Visa can buy S&P 500 ETF Fund? Thanks.

[@arsi89]

No it needs to be an approved Portuguese based fund who’ll likely have their own portfolio of investments

[@userea]

No, practically it's not available. It takes unknown amount of time to be approved. Approximately 3-4 years.

[@macaccount4315]

5 years. Your application time counts

[@RC94332]

Unfortunately Europe is falling apart just like the US…

[@pures1n]

Yup. Even more so than the US.

[@montrealcanada7023]

Even Canada is failed country

[@AlliedAgnosticAlliance]

Do NOT take Portugal Golden Visa's terms at face value. Keep in mind: (1) AIMA (fka SEF) is not following the law with regard to the processing timelines because they are absolutely deluged with applications due to pro-immigrant policies passed by previous governments without any thought to providing resources for processing. (2) Golden Visa applicants are currently last on the list for processing behind every other immigrant class, including D7, refugee, and CPLP. Your application goes into a drawer for years, may be taken out for processing for one small step, then back into the drawer for years again. You can file a lawsuit to compel AIMA to process your case faster, but each judge has discretion and may decide differently as the Portuguese legal system lacks the concept of "precedent" as it would be applied in US, UK, etc. Generally, people who reside outside Portugal (the entire point of the Golden Visa) are losing their cases requesting expedited processing. (3) While your application is sitting in a drawer, you will NOT have a Schengen visa. Many of us in the queue have waited for more than 3 years from making the investment and still don't even have *residence* cards, despite this being supposedly a *residence* program!!! Yes, if you somehow make it to a border crossing, you may be entitled to enter Portugal, but good luck explaining that to any airline or border patrol in any other EU country without a residence card or passport sticker. Pre-residence-card Portugal Golden Visa applicants have even been charged with crimes in countries such as Germany for trying to enter "without documentation". (4) The timeline to receiving citizenship AFTER your 5 year initial residence period is already 3 years as of now, but there are hundreds of thousands of applicants who will have priority over you as a new applicant, which means by the time you apply, the citizenship processing timeline may be 5 years or longer. (5) The probability you will get a citizenship at the end of your agonizingly long journey is not great, even if you learn the language, and even if they don't change the laws (which is far from certain), because there are all kinds of small technicalities along the way related to renewals every 1-2 years, maintaining your investment, etc., some of which are out of your control. Finally, please consider this: literally nobody in Portugal wants your Golden Visa process to succeed. Portuguese politicians are scapegoating the Golden Visa and its paltry few hundred applicants per year for driving up real estate prices in a country of 10 million people despite this being impossible, the average citizen believes them and resents you for it, AIMA looks for excuses to cancel your application, the court system views your cases as a nuisance, and the EU is trying to force Portugal to end Golden Visas altogether. Even your lawyer makes more money if your application is delayed endlessly and you need to file a lawsuit. If you're still considering Portugal Golden Visa after all this, please go to nomadgate dot com and read the experiences of applicants in the community forums.

[@jackbaldwin3649]

Do you believe this is a good option for retirees (from US) as well? Thank you!

[@OffshoreCitizen]

Depends on your objectives, but could be. If interested, best is to send us a message providing more details surrounding your current circumstances and goals, and we can then discuss

[@AlliedAgnosticAlliance]

Keep in mind that if the principal applicant passes away while the application is in process, the application is immediately forfeited and the dependents lose all rights. Obtaining citizenship may take longer than 10 years (see my other post), so if you do apply, hope your principal applicant is in *fantastic* health!

[@anonymous6594]

Some of the strongest currencies in the world are in Kuwait, Bahrain, Jordan, and Oman. You never talk about holding money in banks of those regions. Why is that?

[@arsi89]

Why would you if you can just hold dollars. All those currencies are pegged to the dollar, the high exchange rate doesn’t mean they are “strong”. Strength is relative to something, in this case the dollar, against which these currencies are flat.

[@HigginsLawLLCWinterHaven]

which funds are recommended?

[@OffshoreCitizen]

If you're interested in working with us, please reach out, and we'll be happy to assist

[@HigginsLawLLCWinterHaven]

@@OffshoreCitizen No thanks

[@Th3SilentObserver]

Now I know what my the EU Passport I already got is worth

[@abrahamlevi3556]

The Golden visa programs cause the price of real-estate in the designated countries to skyrocket and out-price the local population. This is an economic reality. That what triggered all the changes to the golden visa program in Portugal, and will bring an end to the one in Spain. According to a recent Deutsch Welle TV report in English, prices in Greece have already gone up, and outprice the locals in key municipalities. It is just a matter of time before domestic politics takes over matters. Another interesting point: it takes at least three months to get a taxpayer number and open a bank account in Greece. Also, from a reputable Greek lawyer: Greece very rarely naturalizes non-ethnic Greeks.

[@ABCDefpaco]

Portugal have built fewer houses per capita in the last decade than any other comparable country. The issue (like in the Uk) is fixed supply, not a marginal increase in demand.

[@AlliedAgnosticAlliance]

This is preposterous. A few hundred people per year does nothing to increase housing prices in Portugal, a nation of 10 million people. Plus Golden Visa requires an investment of EUR 500k -- not at all the market segment for the average Portuguese.

[@namalanoi4030]

still good deal

[@OffshoreCitizen]

For sure. We know some great funds. Feel free to reach out if interested

[@soundslight7754]

Well argued 👍

[@tylerhandley1787]

the cultural path for $200k-250k is the best option...Donation for $1M asset in 7-8 years. Thats a 4x return...