Portugal's Golden Visa is Dead And So Are Three Others

[@MathinusG]

Cancelling Portugal's Golden Visa is not just a scapegoat of rising prices. Relocation companies who managed GV also got their clients to invest part in Arbnb properties. Almost 60% of properties in some areas where rental. That's a bad balance for the local population. It drove thousands of Portuguese out of the main centres. There are no housing programs giving these people a decent opportunity elsewhere. Portugal has suffered a prolonged bout of poverty with no real plan on how to create jobs via industry and not just tourism. The restrictions on the GV was not managed according to the needs of the country.

[@curtissharris8914]

ArBnb is a scourge and should be banned.

[@Atombender]

Yeah, AirBnB is all over cities like Prague, and it's been pricing renters out of their neighborhoods. AirBnB should be categorically banned, at least in major cities.

[@scrillathekid5562]

I watched a video that said most GV properties are being sold for 500K plus. That’s not within range for the average resident. I don’t think the problem is the GV program, it’s just a scapegoat for wealthier Europeans driving the prices up. Canceling GV won’t solve that problem.

[@nightmaresturningoftendejavue]

Also moving from EU country to EU cauntry for longer term or permanently for work is getting harder between citizens of EU. We even have AirBnB pushed and managed by politicians who sprouted out of “nowhere” and they were not voted in (our votes were so rigged by ASU beckwards, Belorussian votes were stellar show of lawfullness compared to my country). But we definitelly see that black rock and their friends try to buy out properties so ordinary people do not have means to get roof over their head even if they spend 60% of salary on housing, not even that is enought. One ordinary salary, that is what you need to pay for one room…so you need to find another person for same room to split costs. But not only private sector is damaged. Our only hospital was bought in 2013 by company penta which is owned by black rock. From that day onwards I did not hear single person say, I got diagnosed and succesfully healed there. I mean broken bones and lacerations, yes. Anything else….nooope. Same with supermarkets, last time we played game, try to quest right name of vegetable or fruit based on the taste (blindfolded)…. Because majority is tasteless you can quese how that went.

[@ThePhantomJack]

Don't worry, they'll turn to classic renting really fast. And happening such, the housing prices will plummet or steadily decrease.

[@chrissithlord4760]

No need to spend half a million dollars for a golden visa. Just get yourself a European sugar mama and get a permanent visa for a few hundreds euros. Modern problems require modern solutions.

[@rbaccount4878]

What an idea !!!!🤣

[@youtubeuserzzzz]

Many of those Sugar Mamas are going to The Gambia and other African Countries. I saw the Documentary on KZbin, 3 days ago. So good luck with that!

[@colettelongo2080]

Guess what...women from desirable countries know the value of their visa and aren't interested in sharing it with you.

[@chrissithlord4760]

@@colettelongo2080 Actually I got three of them now. I am indecisive between the Swedish sugar mama, French sugar mamma or the German one. Go where you are treated the best.

[@NewCastleIndiana]

This might require more ab crunches.

[@InvestBetter.]

Moving from the United States to the E.U. is like moving from Brooklyn to Queens The grass isn't any greener.

[@Houthiandtheblowfish]

if you love buarcracy

[@LisaCulton]

Come to Switzerland. It's not EU.

[@youtubeuserzzzz]

@@LisaCulton Hi Lisa. Love your channel. I'd love to live in Switzerland (a French Speaking area).🇨🇭 However, I'm old. Don't know what Visa would suite me? If I go for a Student Visa (at my age), the Officials may laugh.

[@LisaCulton]

@@youtubeuserzzzz It doesn't hurt to apply. The worst thing that can happen is that they say no.

[@emanuelriquelme1133]

That's an insult for Europe they actually have culture some safety and top tier sports.

[@stefflouis]

I am French and I American now. Too many people were moving to Portugal, making it less affordable for Portugese. That is a good thing the end of thegolden visa.

[@vyvienvp3413]

Agree, new rich and nasty people are not needed, or wanted, anywhere. They could be anyone, criminals even, right?

[@mundoviagem3639]

Really a blessing that the government listened to the cry of the locals and stopped this golden visa. There’s no proof that it helped the economy at all

[@Carolinapetroska]

Yes excellent news especially that those countries like the USA And Canada don't want any Europeans moving to their country so it's really unfair to have an open door policy to those 2 countries. We really don't need them in Portugal and in Europe ; they should stay in their country.

[@pawlieblog7967]

Good. I’m sick of American buyers from California pushing up prices everywhere overseas… and even in Texas!

[@SK-lo8qy]

And bringing their "democracy" with them.

[@Michael-Masi-911]

​@@SK-lo8qy American democracy is a dumpster fire... Keep it.

[@Carolinapetroska]

Yes and those stupid sneaky canadians who ban foreigners from buying in Canada but yet invade us in Portugal. We don't need this type of crowd messing up out economy.

[@nicholaslake5937]

Good for Portugal and the Portuguese citizens. I have respect for countries that take action based on what the needs and wants of their citizens are. In my opinion globalization and the idea of no borders have made the world a more expensive and far less interesting place.

[@scottwillie6389]

Yeah, but you also have to remember what they are doing in practice here is shutting out a relatively small number of wealthy immigrants who have similar levels of intelligence and have at least a vague familiarity with the culture for a massive amount of third world immigrants who do not. This is not about maintaining Portuguese culture or saving the Portuguese people from genocide. It is simply about the Globalist Regime preventing Europeans and Americans from places that are even further along the process of destruction from finding a temporary reprieve in Portugal.

[@dw309]

I completely agree, I always thought the concept of being a "global citizen" was incredibly arrogant and dismissive to the needs and wants of sovereign nations everywhere. Diversity should be celebrated - but how could it possibly when it's diminished by rich foreigners settling into areas and impacting the entire cultural ecosystem.

[@jaxbrie]

@@dw309 Amen I've come to the same conclusion. Resources aren't infinite.

[@nicholaslake5937]

@@dw309 Just to be clear, I'm not against the idea of traveling to and living in countries where you were not born, but I think intention and contribution are important if we want to maintain a world of unique and diverse cultures. If you just want to use other countries as your playground once or twice a year, then do it as a tourist. If you want to LIVE in a country and do so in a way that contributes to the people that are already that, it is a much different scenario. I think countries around the world would do well to restrict residency permits and passports to the people that will respect their culture and approach with gratitude and humility.

[@hondusspa]

A rational perspective.

[@nihilistarchitect]

Like a fellow countryman told me : “ I had to move abroad to work so I could afford to buy a house in my country, while foreigners come and buy whatever they want…. “ . It is sad. The truth however is that golden visas in Portugal, make a very small part of the housing problem…. There is much more at stake.

[@sandraalmeida5358]

São ordens da UE, ninguém sabe a origem do dinheiro, e porque a nacionalidade portuguesa é dada/ vendida facilmente. E não é só em Portugal que esse visto vai acabar, é em TODOS os países que têm

[@realalexmackenzie]

There is also the trend of digital nomad visas opening up in just about every country. Some leading to citizenship. Perhaps this will level the playing field more. I know nomad visas aren't Andrew's bread and butter, so he might be less than thrilled with this week's developments. However, for most of the people who watch this channel, there are still an abundance of options out there.

[@loksaha]

I also wonder which country converts nomad visa to citizenship?

[@mtngrl5859]

@@loksaha Very few. Most of the digital nomad programs specify a period of time and then one has to leave the country.

[@BeaMangar]

@@kral3046 I’ve been on a few, and for now the Portugal DN visa (there’s two options) has a pathway leading to potential citizenship

[@BeaMangar]

@@loksaha for now the only one I know of (and I’ve been on a few trying to figure that out 😅) is Portugal DN visa.

[@tdgdbs1]

Every country has critical skill visas; nuclear scientist, medicine, biomedical....digital normads is at the bottom rung of qualification.

[@limitedtime5471]

I don't think the portugal golden visa died. I think it fulfilled the purpose it had. They crammed as many wealthy foreigners in there as possible, until the housing market became unaffordable for locals. Best wishes that it works out for portugal

[@eliasadam2345]

I know people who moved to Portugal and all the expats that went their 4 or 5 years ago are complaining about the new round of expats and how it's ruining Portugal. Everyone I know who is a tech worker and can work full remote and wanted to leave the US had Portugal as a top of the list destination to land. But I always think it's funny when the older expats that took advantage of a program, now want to cancel it so they can pull up the rope from being used by other people who were just like them.

[@nonyab3237]

Right, because rising house prices had nothing to do with government money printing and Covid policies. Blame a handful of foreigners as scapegoats. Hope you don't believe the politician's nonsense.

[@vyvienvp3413]

Portugal is one of the oldest countries in Europe, 2,500 yrs in fact. We do not need an influx of trash, ruining the culture and wonderful lifestyle. Especially not colonised by rich Americans. Who don't care about anyone , America is a violent, sick culture. Feel sorry for thee decent American people.

[@egrace3738]

@Charles White exactly!

[@paulolukeny5736]

​@@nonyab3237 Portugal does not "print money", they use the Euro, so they don't have sole control of the currency to do with it what they please. It's the GV inviting people to buy residences they most likely won't use + a lot of airbnb places. Whether or not this move by the govt will help lower housing prices is for the future. I'm hoping they put more restrictions on the Airbnb rentals though.

[@hondusspa]

“Worst possible outcome.” Sorry but this is actually good for Portugal. Kudos to those who were able to enter Portugal through this method but a lot of property is artificially inflated here because some foreigner is able and willing to spend 500k for a property that isn’t really worth that just to obtain the visa. This has made it difficult if not impossible for locals to afford most real estate. You’ve actually voiced against spending these high amounts on real estate in Europe so it surprises me that you call this the “worst possible outcome.”

[@joaoportugal8618]

The “worst possible outcome” for Nomad Capitalist, not for Portugal...

[@curtissharris8914]

These investors are everywhere. They have made it impossible to get a good price in California. Ban them, tax them, and no more ArBnB

[@Nana__________________________]

It’s called gentrification in the USA. Happening in many western countries now. No “average” person can afford real estate anymore.

[@Esporadamoita]

The visa Gold is NOT dead yet!!! Still on proposition on the parlament and has to go through the president of the republic...only then we will know if the program is dead if the proposition is approved by the parlament and president.

[@bbrebozo6417]

“For geopolitical reasons” is right. You gotta keep the slaves on the plantation so the big countries (US, EU, & their associated satellites) will pressure little countries to stop looking to get rich people to move to them. The worse part is we are paying for our own oppression. What pisses me off the most is not paying taxes, it’s what the politicians use those tax dollars for.

[@mark5338]

I mean its fine, europe is digging its own hole. They keep pushing rich people from staying and investing in their countries. It's fine Dubai is always a good option, and on top of the no tax there is also SAFETY which you don't have if you live in any of the top 5 capitals of EU.

[@rfggibson]

Dubai is a dump

[@sibaroochi]

I heard Portugal is one of the safest countries

[@blyat7276]

dubai is nothing but a giant shopping mall inside an amusement park thats a hotspot for money that can't bank be banked at switzerland/liechtenstein/singapore etc. its a joke of a place unless you need to meet fake digital "entrepreneurs" or joggle money around before eventually moving it onshore.

[@garrygrant2394]

Dubai doesn't do it for everyone. That place bores me to death

[@MrBodi1]

portugal's population has been totally pushed out of neighborhoods by rich people increasing rent

[@kenofken9458]

It turns out Americans aren't the only people in the world who get fed up with waves of foreigners and feeling like strangers in their own country!🤣

[@leonelduarte1822]

This program in Portugal needed to go. Most of the “investors” bought property and left it empty… those entrepreneurs of property are not what we need

[@Pattythomas5]

I got my citizenship to Ireland through my grandparents and I had to dig up all of the certificates...it did take a while because my grandparents were born in the late 1800's. The hardest part was finding my own parents documents (marriage) as they are both deceased and I just happened to find a letter stating where they were married...I had no idea she was married in a different state than where I was born. I'd say don't delay and get this done while your relatives are still alive! It's much easier to get the information/documentation!

[@thedalillama]

I just started this. I found all the US docs, but am worried about the availability of documents in the old country.

[@Pattythomas5]

@@thedalillama The folks in Ireland were very helpful. There was always this "thing" that older records were burned in some fire back in the 1800's but apparently, many records were saved. It was very easy to order online. I ordered my grandfathers birth certificate because I knew his information was more accurate than my grandmothers. Both could not read or write and in many documents they had here in the US, name spellings and years and dates were mixed up. With all of that, the folks at Irish Health Services were VERY helpful. I had my grandfather's birth certificate within about 2 weeks of ordering. Good luck with your search!

[@JeremyParsons]

Andrew is correct in saying that the Golden Visa has become a scapegoat for politicians. Nantes to Porto flights for 35 Euros make Europe seem small and real. My longer answer is below.

[@RC94332]

I think the issue is more of these “easy, back pocket” residencies that lead to citizenship are going away. It’s been played up so much over the last several years, a lot by this channel, and now almost all of those residencies are disappearing. Panama, Paraguay, Portugal, etc. Everybody and their brother are just getting residencies just to get them . I can’t tell you how many people in panama I met applying for the FNV and they had no clue about the country or really even about the visa…The days of easy residency and citizenship are most likely coming to an end. People applying for residency, disappearing and then coming back to pick up their passport, leaves a bad taste in a lot of people’s mouth.

[@carollee3044]

Companies charge fortunes for passports from countries they would never want to live.

[@mtngrl5859]

Back when it was offered FNV, had such a low cost plus one only needed to visit once every 2 years, it was hard to resist for many people. It may be coming back under a different form in the next couple of years.

[@rockon8174]

🙄

[@ThePhantomJack]

These programs are nothing but money transfer from foreigners to real estate agencies and building contractors. At this point, Lisbon is an unlivable place. Foreigners will loose the money invested in RA as new "fashion" lifestyle locations will come up and locals can't buy the properties and foreigners surely won't offer 1.5 m for a 3 bedroom. The bubble has popped. It won't be the in spot for much longer as decent alternatives (as perfectly referred by this video). As a Portuguese I am glad our's stopped (except for rural areas where some stimulus is needed). I do not earn badly but the ENTIRETY of the population is struggling with finding a home. Even renting is close to impossible. It's time to reevaluate priorities. The program was poorly design. Only 0.4% of the applications created jobs. Even hotel rooms were sold to give visas. It'll take probably 5-10 years to return to normal but foreigners will understand that Portugal is not what it seems. Once you're out of the program, you're paying A LOT of taxes like everyone else.

[@andredaedone7732]

In 2014 I moved to Cuenca, Ecuador and own a condo. I am here now. Looked at Portugal and Spain but Ecuador was better and still is. Also bought a house in South Carolina. Before 2014 I was in Thailand which got old.

[@MaskMasterEsquire]

Can I please ask if you're happy in Ecuador and why you chose it? We're in Guatemala ATM, moved from NZ last year. Here doesn't really suit us do we're looking for other options. We're going to check out Nicaragua next week. Any insights or advice is greatly appreciated🙏👍

[@tylerw1892]

Nicaragua is nice and cheap. Avoid Managua. As far as places to live for an expat, San Juan del sur, Grenada, las penitas outside of Leon if you like the beach. This was also at least 7 years ago now so it may have changed.

[@andredaedone7732]

@@MaskMasterEsquire I cycled NZ right before the COVID. It was really nice. Ecuador where I live is good. When I moved here I was full time, now I spend 3 to 4 months here a year. It takes the edge off from now expensive USA although South Carolina is pretty cheap and nice. Ecuador is stable and the food quality is very good. Here in Cuenca the weather is 70 degrees year around and the medical and dental is really good. Many expats live here and there is plenty to do. Personally, I would never live in Latin America, too hot and muggy most of the year. Plus I don't trust those countries. I moved here at 59 years old, I retired at 53 and Thailand was getting too weird for me so I came here, liked it, and moved. I have investments here now besides my condo that pay me 8k a year and I just keep reinvesting. It helps the economy and of course because of it, I always have money here. Plus Ecuador uses the American dollar.

[@GringoAzteco]

Lots of westerners seem to be fond of Chile 🇨🇱 these days

[@andredaedone7732]

@@GringoAzteco Chile is really nice. Laws are similar to here. The weather is different. And more expensive, similar to Columbia. Inflation rate in Chile is high at 12% vs 3.5 here in Ecuador. Probably partially due to exchange rate and Ecuadorian gov't holds prices down here by regulating what executives can make and setting min wage at a low amount. Most all food and gas and construction materials, and many other items in Ecuador are produced here also. And all imports are taxed. A lot like Canada was like in the 60's

[@elsa_nyc]

And Americans behaving badly in Portugal, probably doesn't help.

[@AlexanderOsias]

That that could be a reality show. In fact, I was thinking, perhaps the title could be “Americans behaving badly in…”

[@elsa_nyc]

@@AlexanderOsias yes it could!

[@Mark-fh5lp]

The Portuguese got sick of people coming there LOL

[@Mark-fh5lp]

@@neonaki8256 I understand. But also foreigners will bring capital and tech and new business idea to Portugal. If Portugal wants to grow, it needs to innovate and bring wealth into the country. The Portuguese have to adapt. They just love not working hard. Let's be honest. But you don't grow that way...you become lazy. You become Greece.

[@nkoonkukoo]

@@Mark-fh5lp lol, I don't think you understand the position of the natives.

[@Mark-fh5lp]

@@nkoonkukoo I do. I have lived in Canada for 28 years and we have seen the highest property bubbles in the world due to foreign investment my friend. I understand it very well.

[@carolinavarela1572]

@@Mark-fh5lp portugal just said yesterday every migrant from portuguese speaking countries has right to a residence permit online without need of having funds or employment. 150 000 thousand wil be legalized in a week for starts

[@MaxwellMax]

@@Mark-fh5lp not everyone wants to follow the American playbook when it comes to the culture and work culture where they view employees as figures in their bottom line. The Portuguese got tired of Americans coming and gentrifying their nation.

[@LucidAmethyst]

I've been saying this for a while now. Why would we even want Europe anymore, when they don't want us? Why even consider Europe when you can go to SE Asia, Central and South America, and the Middle East. Of course there are the few exceptions, Cyprus, Malta, Ireland etc, but they will eventually be pressured into dropping their options for residency and citizenship.

[@JohnS-zq8ks]

In agreement, I'd just add that Europeans don't want "us", but they want to continue the flow of our money. They want Americans to buy their exports, transfer support to them and put a protective defense shield over them at our expense, but just not come there. Very sad.

[@jackieboy1593]

Europe is dying, they will eventually have to reopen things to survive

[@jackieboy1593]

@@svensulzmann4282 Look at their population statistics, coupled with their labor and energy problems. There are far better places to live in terms of cost of living, healthcare, and climate. Europe won't die completely, but it will definitely diminish.

[@ribbonstar6292]

If you're planning to buy property, Malaysia & Singapore are the only Southeast Asia countries that allow foreigners to buy a property and the land below it. Good luck trying to buy a house in Singapore if one does not have an 8 figure net worth and if you're fine living in an Islamic state, Malaysia is your option. Other SEA countries only allow foreigners to buy condo units with many restrictions or even outright forbid them.

[@Thomas_Hardy.]

Europe is on a full path downward. I would not want to live there. It will get much worse. UK may be Bankrupt by the end of 2023. Eastern Europe was rushed into the EU and many of those countries are corrupt, poverty stricken and almost empty of citizens fleeing to western europe.

[@22demianz]

Would love to hear your thoughts on the real estate crackdown that Portugal introduced together with the golden visa cancellation.

[@JoaoOliveira-rk8gv]

Real estate crackdown? They are burying this country. They just announced automatic residence for 250 million people that want to live in Portugal. There is no crackdown just a couple of joke laws. I am just baffled schengen hasn't cut us out

[@MaxwellMax]

Andrew, please do a video on the current situation in Serbia with the influx of Russians and Ukrainians. My in-laws are telling us that the price of real estate has gone up over the past year.

[@-Justjayfr]

Same in Turkeye

[@Pensandoci9]

yeah, the famous rich Ukrainians, with an average salary lower than the whole Eurozone, increasing the cost of real estate in Serbia... please...

[@theSSHITT]

We are starting to get nervous that Spain will eliminate it's golden visa. I've had a student visa and nonlucrative visa to Spain but those carried work restrictions. We have been meeting with boutique law firms to start the process of applying for the Golden visa. We might want to hurry up and get it before it disappears.

[@rockon8174]

You want to live in corrupt anti-man Spain????

[@scottandrews947]

Scum bag. Hopefully, they do eliminate it.

[@mickeyhead9770]

Poor rich people. Nowhere to run to, nowhere to hide your money. 😢

[@Carolinapetroska]

Yes

[@mz_962]

In Spain since 2019 after 30+ years in California under a non lucrative visa, no need for golden visa ! Besides as a bearer of a Latin American passport you can qualifiy for citizenship 💥 Best move ever !!

[@atmosphereoasis9564]

@@m99226 he’s from California. Of course he’s not gonna mind paying taxes, he was already paying overflow of taxes there. Why would it matter now?

[@atmosphereoasis9564]

@@FrozenSkyy quick question and a random question not related but where are you from, what’s your citizenship?

[@anasmith1971]

How can that benefit be achieved?

[@youtubeuserzzzz]

@@FrozenSkyy I lived in Spain. Anyone with a Passport from former Spanish Colonies: Equatorial Guinea in Africa, Philippines, Most Central and South America Countries can obtain the Spanish Passport. After 2 years of residency. One had to be born in those Countries. You can't come from another Country, obtain Citizenship in Argentina after 2-3 years and go to Spain, for 2 years. Trying to obtain the Spanish Passport. Naturalized Citizen have to start from the beginning.

[@emanuelriquelme1133]

Nah, you actually have to live down there most of the year.

[@151Memi]

I’m glad, these visas have been a factor on the increase of cost of living especially the elders and changes the beauty and landscape of their towns and traditions.

[@patricksmair]

Visited Portugal to check it out. 3 days later they cancelled their Golden Visa. My bad everybody

[@PortugalLawyer]

Im a portuguese lawyer. They havent cancelled it....yet

[@ARiffraf]

Maria, if new applications ( mine was submitted 1/2023) are changed in requirements, will I have a choice to follow through or get my money returned?

[@camelotenglishtuition6394]

Please keeping adding really loud sound effects. Really helps us earphone-users.

[@MaxwellMax]

Lol! Especially that intro, "DUN DUM!"

[@camelotenglishtuition6394]

@@MaxwellMax deafening

[@jolly7728]

The best kept secrets should be kept secret.

[@scrillathekid5562]

Portugal, Italy, Greece, Spain - All wonderful countries. What they share in common - all broke. I visited all last year. Wonderful tourist destinations, but you see in the faces of older residents, “what we once were.”

[@scrillathekid5562]

@Charles White What all these “I’m leaving the US” people don’t realize is how aggressive taxes are in almost all Western European countries. After they’ve past the honeymoon period, they’ll run back to mama USA for medicare healthcare, no waiting list healthcare, and help from their American kids. Sad to say, but most KZbin channels just promote the hater run from the US dribble. A lady I know wanted to see a non government doctor OBGYN in Portugal. Since she didn’t have private health insurance, she had to pay 300 euro. Better or similar to the US system?

[@scrillathekid5562]

@Charles White In my experience, it depends on the state. I’m familiar with a large hospital on the west coast of Florida that had a flat rate for emergency room care. It was somewhere around $200 and included any tests (imaging or labs) they performed. When I inquired the billing coordinator said it was a business decision the hospital made. They didn’t accept medicaid, so I assume it was cheaper than running a constant receivable. Healthcare in the US is confusing and oftentimes very misunderstood. Many doctors have similar pricing “schemes.” Oftentimes an office visit is simply paying for a physicians time. IMHO many doctors in the US are hourly wage earners, at a somewhat higher rate. If they don’t punch the clock, they don’t get paid.

[@davidalmeida2991]

Hi, Portuguese guy here! Proud to say Portugal is one of the safest countries on earth. We got a lot of problems but that ain’t one. As for people who want to live here, invest and pay taxes, you’ll always be very very welcome. But those who want to use our roads, healthcare and not pay taxes… sod off! Go to your Dubai or whatever, I couldn’t care less. It’s not just the GV it’s also the airbnbs that have pushed people out of the main cities… and guess what, most of those belong to ex-pats. And now even those licenses are gone, only in rural areas.

[@neoarmour]

Good thing my parents are Portuguese and I have an appointment to get my citizenship automatically

[@ginomonaco70]

I have my Spanish Citizenship from my parents, you'll love having that citizenship!

[@vyvienvp3413]

Boa, e tambem nao duvido tens amore a Portugal.

[@alexander4347]

Europe (you probably mean the EU) really doesn't have any problem with rich people. The EU only wants to prevent organized crime (such as the Russian mafia) from being able to easily buy a residence permit, let alone citizenship, with just a bag of money. This happened on a much too large scale.

[@Pensandoci9]

Most of the EU most definitely has a problem with rich people. Rich people in Germany, France, Italy, Spain, and Portugal avoid speaking in public like the plague. The vast majority of people despise them. Build a business & hire people in Ireland and you'll be cheered upon, do it in Portugal and they'll call you a rich bastard exploiting the population. I don't have official sources so this is not data-backed, but it's my feeling living here my entire life.

[@carolinematta5764]

True in Greece, they do not want to naturalise people but there is an option for permanent residence.

[@petersugden6560]

If you get the Greek golden visa for permanent residence, can you still live in other parts of European Union?

[@niltonfelix3733]

Does the no Golden Visa reply to Madeira and the Azores as well?

[@muskateer1713]

Good question.

[@robster7012]

F

[@expeditionconfidential8853]

I live in Portugal. Madeira is trying to hold onto it .. but we don't have word yet on what will happen with the islands.

[@mattball7074]

Yes. Being there is dependent on Portugal visa access. Still other ways to get there though

[@antoniobrasse7157]

Previously the Portugal Golden Visa program where you only needed to stay 7 days a year to meet requirements for citizenship included creating jobs. Are they getting rid of that also? I'm an entrepreneur building a company where we will have people everywhere once we secure our final capital raise and I want to know if I still create 10 jobs etc, can I still get through on this? It would not make sense to me if the government got rid of this piece because this is beneficial to Portuguese citizens.

[@iamthatiam806]

Check out the Entrepreneur Visa. Portugal has this visa for people like you. Good luck

[@jujuba5487]

Portugueses affairs ONLY have to make sense to their people and not to an imigrant. 🤔 Then you make your choice.

[@briangasser973]

I agree that countries shouldnt sell citizenships for people who are not planning to live there, contribute to the society, and just want to avoid tax.

[@NewCastleIndiana]

I’m sorry, so there is financial interest in a country and it has made property owners wealthier, and this is a bad thing?

[@loredanachiriac1]

I would like to hear more from you about Albania 😊

[@KamranPasha72]

Same!

[@kling8460]

Albania is really beautiful but there’s barely anything there and that’s the main issue imo. So few people will want to go when you can’t buy basic goods even.

[@mattanderson6672]

Scary times! I need to make moves quickly South America is the future!

[@briangasser973]

Hopefully you dont get caught up in an Argentine default that seems to occur every decade.

[@robinspat]

What do you tell Brits in the era of Brexit looking to get out?

[@johnwalsh7994]

What is the timeline for the end of Portugal’s Golden Visa program. Some sources indicate that it will take some time to finalize the timeline.

[@steveoliphant8541]

I’d like to see details on this as well. My understanding is that they are only talking about it now and the legislature will begin to look at proposals March 16 and it may take a while for them to finalize things.

[@josepha.r5839]

Good. My people have spoken out. I was born in Portugal but lived in US for last 71 of 76 years and wanted to retire my last 10, 15 years in the country: I had no intention of nor the money to buy property that would most like gone to big time property owners. I have read this: "[ ..] the Prime Minister made the following statements: 'Since 2012, our country has granted a total of 11,758 residence permits through the special regime for the Golden Visa. However, our experience over the past 11 years has shown that a special regime for the Golden Visa is unjustified.Therefore, there is no justification for this type of residence permit to continue to be granted under a special regime, and it should be governed by the general law.' " I had a hunch that the majority of these 'visas' would go to buying property and forcing the prices up and, as is very much the case here in the US, denying Portuguese citizens a path to decent housing. However, I was pretty much stunned that only 22 of the permits in job creation. (The same would be/is true here in the US.) Part of this problem is that of the government. Some mechanism should have gone into effect to make sure that a good amount ... the majority of money .. would have been for job creation ... especially in the poorer rural areas. (They were there when I was a little boy and pretty sure there are still many around.) Unfortunately you'll go to some other country (and have done so) only to screw them as well. I have absolutely no tears for your plight.

[@Pensandoci9]

If US citizens hated foreigners going there for opportunities, you might have led a very different life. Hating on richer foreigners while being a foreigner that took advantage of opportunities not available in your home country is very odd.

[@josepha.r5839]

@@Pensandoci9 Grew up in the US about just as poor as I did in the Azores. Rough, very rough youth and hardly a mercantilist that you think I am. I'm still glad the Portuguese stood up and sad enough is enough to all of the speculating by foreigners while their lives and rent struggles got worse. Same here. Don't apologize for anything. You're in marketing. That means your 'world' is blameless in the speculating that you may do. To me, it's Blackrock with a small 'b'.

[@kbkesq]

Peter Thiel got a Maltese passport in October 2022.

[@rubensnogueira5838]

Iron Curtain 2.0

[@rubensnogueira5838]

@@svensulzmann4282 it's a trend. The UK removed the GBP 2 million investor visa for a reason: no more Russians. Of course I might be wrong, but that's the international "mood" at the moment.

[@jeffcauhape6880]

I get what you're saying, but it reminds me of a fundamental - problem: nothing is permanently fixed when a government is involved. Everything is subject to change, usually driven by politics or economics. Ironically, that problem justifies the efforts you describe.

[@johncorner9295]

I married a person from a different country idont need any golden visas stay there for a year fly out fly back another year done

[@MaxwellMax]

Same here, my spouse is Serbian and therefore I do not need a golden visa.

[@vyvienvp3413]

Am pleased the Portuguese have taken this action, finally. It was too open to abuse and the Portuguese were being abused by excessive influx of certain rich people, who have money, but no regard for it's citizens.

[@Pensandoci9]

what exactly would you want a rich person coming to Portugal to do? You're aware they're not politicians, right? They have an obligation to pay their taxes and follow the Country's laws... that's literally it.

[@race4pinkslips]

Supposedly under the new measures you can still get a golden visa if you buy to rent in portugal or to live. Cheers

[@profeagayu]

Andrew, do you still drive? Without being intrusive, if so, is your US driver's license still valid after renouncing US citizenship? Or did you get a driver's license elsewhere?

[@LisaCulton]

You have to get a driver's license where you reside. In some places, like Germany, you can simply exchange your state Driver's license for a German license, but not all 50 states have this type of agreement with Germany. In my case, I had exchanged my Texas DL for a German license and then when I moved to Switzerland, I exchanged the German license for a Swiss one without need for testing, etc.

[@profeagayu]

@@LisaCulton Lisa, thanks a lot for your input.

[@gabrielschroll3824]

I haven't watched this yet, but I did read about Portugal. And that 290 of the 312 golden visas were for Chinese. Why not keep the program open, but bar Chinese?

[@AsusMemopad-us5lk]

Good point, but going even further... did just 312 people really throw the country's property values off by so much? That seems unlikely. While it is important to keep property values reasonably in line with the rest of an economy, this sounds like Portugal may find that the foreigners weren't the problem. Housing market manipulators were the problem, same as in most modern economies.

[@stateofsurvival8457]

I have lived in 2 EU countries as self employed. It's not difficult at all. You just have to prove you make enough money to support yourself. If you're making at least 2.5k euros per month, you're fine. You should learn the language well enough to work in that country. It's a bit hard if your work is all done in English.

[@Pensandoci9]

Not really. Most countries require more than 2.5k gross. If net, then yes, it's enough almost everywhere in the EU. But keep in mind people will consider you rich with an income of 3k net or above in the EU outside Germany and France, so you will get resentment, hateful comments for your job, etc

[@tdgdbs1]

Even Mexico increased its financial solvency significantly this year 2023.

[@prettybrwneyez7757]

Bueno!

[@pedrosevern101]

Batumi Georgia is a great place to retire. Safe, cheap, good restaurants, 12-month visa free, hot summers cold winters 😊

[@canlale5733]

No more cheap at all

[@KamranPasha72]

Agreed!

[@carollee3044]

Now expensive locals dont like foreigners and likely to get robbed.

[@carollee3044]

Now expensive locals dont like foreigners and likely to get robbed.

[@adrianwhyatt1425]

You can buy a property in Aveiro, Portugal for just €5,000. Then live by the sea and it's canals.

[@LoveLearningInDorset]

Greetings, Is the Portuguese D7 considered a self sufficent visa ? Do you think this will be pulled?

[@carolinavarela1572]

no

[@bobchinskey4763]

Portugal are still healing from Lionel Messi winning the world cup.🇦🇷🇦🇷🇦🇷

[@joaoportugal8618]

Who cares about football and these guys? Same with politicians? F*ck them! They are only good for slave minds. The Roman empire did the same with gladiators and coliseums. But for some people with real power (billionaires) it's a pretext for doing business. Guys with businesses that revolve around online gambling also need to pay attention to the games. It's usually better to spend those football hours doing something else, more productive. Ditch the television and go jogging or hit the gym, it will be better for you!

[@suncoastchic]

Please make a video on Slovak CBD!

[@difanabila]

Do the greek golden visa still exist?

[@ARiffraf]

Love your videos. Any idea what will happen with an application that was submitted in January 2023?

[@daisydd1709]

So for Portugal what will happen for commercial real estate and funds investments? And how would it impact renewals

[@almdrs]

Whatever. Their people first.

[@Pensandoci9]

@@almdrs This will have absolutely zero impact on the cost of living crisis in the Country. "Their people first" means promoting businesses and increasing the unbelievably low wages here. Not blocking a few hundred rich people per year buying mansions on the beach.

[@ota924]

How about Costa Rica? Any advise

[@johnnevada46]

We just can't afford the rich anymore.

[@gdew9643]

1:49 did he say scapegoat 🤔

[@phillipphil1615]

People with money do not just invest in a country , once they become a citizen they have greater political clout than the average citizen because of their wealth.

[@sciandsci-fi1723]

Is there still a good tax options for EU citizens to retire in Portugal?

[@HumbertoPatricio]

As Portuguese I confirm that the law hasn't changed about that subject!

[@k.j.hulander2204]

@@HumbertoPatricio maybe the law hasn’t changed but there are now treaties between Portugal and other EU countries that prevent tax loopholes. For example, Swedish citizens can no longer move to Portugal and take out the bulk of their private pension tax free over five years as was possible before. The Swedish state hated this and made an agreement with the Portuguese state.

[@Charlot1914]

Golden Visa being used a scapegoat? It was in fact one of the reasons the real estate market was skyrocketing, what are you talking about?

[@PoppysGuitar]

my grandfather is from scotland can I get uk citizenship?

[@rubensnogueira5838]

Not sure, with Nicola Sturgeon you could self-ID as a trans...national person and simply stay. Jokes aside, if your grandfather was born in the UK, you have to check "British citizenship by descent" rules, they are quite complicated if you and your parents were born out of the UK.

[@camelotenglishtuition6394]

actually yes, as long as you have the documents proving lineage.

[@rubensnogueira5838]

@@camelotenglishtuition6394 not so simple. Grandpa born in Scotland passes on citizenship to mommy - fine. But mommy born outside the UK cannot pass citizenship to anybody *unless* she lives in the UK with kids for a number of years. That's roughly a description of the current rules, it's important to check them out.

[@azzureone78]

A UK-born grandparent will get you residence via an Ancestry Visa if you are a citizen of a Commonwealth country or Zimbabwe. That will last 5 years, after which you can apply for Indefinite Leave to Remain, and a year after that, British Citizenship.

[@ruthnacht]

No its only passed down one generation unless your parent was a 'crown servant' when you were born, then i believe they could pass it to you.

[@carollee3044]

Its really a good thing these are going away except for sketchy people selling citizenships.

[@wld-ph]

portugal not taxing crypto if held a year, and not chased out into fiat.

[@MuzixMaker]

Congrats on 10 years!

[@crislo830]

can you discus the pros and cons of having residency or citizenship in EU country i.e portugal, spain and the most tax efficient. Which one is best option for someone wanting to move out in Canada or US

[@namalanoi4030]

still portugal , easy tax and residency system

[@cdb5662]

Love this content!

[@filmawayvlad]

Of course! Grenada too

[@julianaeusse2039]

why you don't talk about the Curazao program?

[@nonyab3237]

Why are there so many anti-capitalists in these comments?!

[@LudicrousPlatypus]

I really hope Turkey doesn’t get rid of their programme after the elections this year.

[@joaoportugal8618]

They have to deal with the earthquake tragedy first before dealing with other things.

[@SCooperEagle]

I am curious about what Andrew's opinion would be if I am Canadian and can get German citizenship fairly easily. I think it's worth it but I know he is not a fan of Germany

[@ARiffraf]

Does Germany allow dual citizenship?

[@SCooperEagle]

@@ARiffraf There are exceptions

[@reineroesterle1408]

Very good article. Thank you. Covid did make a lot of people move somewhere else... Also northern Europeans moved to Portugal, because of more sun, (also more free then other european countrys thru covid??) and the taxes are better then spain for newcomes... Portugal got to mutch preshure from the EC, perhaps... mostly politics... prices did go up in allmost all european countrys. Some of the spanish Ilands want to change the law, so if you dont have a spainish citizenship, you can not buy anything... this is from the social and left wing politics. Italy also has some a good taxprogram for newcomes in the first few years.

[@ThaidUp]

Andrew Business Tip for You. Go back and data mine your emails for people requesting Citzenship by Descent requests to Nomad Capitalist like mine about a year ago that was rejected because at that time it was not offered

[@rokursic1525]

The EU does not like tax evaders.

[@k.j.hulander2204]

Europe hates rich people? No my friend, but European voters don’t like getting priced out of the housing market and politicians have started recognising the devastating political consequences such populist sentiment can lead to, e.g. Brexit.

[@ABC-hi3fy]

Wait the Irish speak English?

[@daveg2545]

LOL 😂

[@paulineverriere8054]

Yes, and heard it’s sexiest in world…

[@Tobytobers1]

I read Canadians could just live in Ireland?

[@ticktock2383]

Going to any EU country is a none-starter.

[@stevozrepto5558]

Just go to UK or Ireland And claim refugees status Free everything including a hotel

[@Hamcap57]

UAE good to go now

[@kaiserrahman5433]

Why would one want to live in Portugal anyway?

[@mr.franco4972]

They cancelled retroactively? They cancelled the residency of the people that already have it?

[@ARUchannel1]

no, they already got it, new ones cannot

[@Michael-Masi-911]

Did he say that? Did he say anything remotely like that? Watch it again if you don't understand what he said.

[@tompilling4154]

ESG is driving this.

[@joeybenra]

MOVE TO MIDDLE EAST … and SOUTH EAST ASIA !!

[@bobmanp8653]

they let anyone into canada

[@cliffm6566]

Europe is facing years of hardship, stay away, and the politics are horrible. Latin America and Mexico are much better options.

[@ilikeshroomgals]

These countries are in a demographic winter. Those programs were going to accelerate there demise.

[@kerrykskiffington3184]

THANK HEAVENS the rich dude exploitation of the Golden Visa program is Gone, Gone, GOne!!!!! Yioppee

[@fannaffannaf]

Serbia :)

[@TexasBoyDrew]

We are an immigration consultancy based in Pakistan and would like to work with you for our potential customers. How can I contact you?

[@TexasBoyDrew]

@Charles White actually it is for Pakistano citizens who want to move abroad, those who can afford go get a GV :)