Four Problems Paying Zero Tax with Portugal’s NHR Program

I'm not sure if you addressed this question. But, I'm retiring with a government municipal pension. That would save me state taxes and i would have only federal taxes. However, does the NHR falls into no double taxation or would I still have to pay the minimum 10 % tax rate in PT after the 10 years? I hope my question makes sense. Thank you and keep up the good work.

If I am making 7 or 8 figures, I am not getting my tax advice from a guy on YouTube. Please stick to advising people with much more common situations. There is so much confusion and misleading information.

Grande <info e insight como sempre. <A velocidade da capitulação de US$ 18 mil me surpreendeu um pouco, pensei que levaria mais tempo para acontecer. Mas conhecendo a narrativa macro (venda de ações, QT tirando liquidez, grandes players como dumping 3ac), faz sentido. <Dito isto, mantenho minha meta de baixa do BTC em US$ 14 mil, mesmo que caia, não acho que permaneceria mais baixa por um período significativo de tempo. <Algumas pessoas perderam mais de 50% de seu portfólio porque acreditam que manter e esperar por uma grande bomba é a melhor maneira de obter lucros neste mercado, enquanto outros que são inteligentes o suficiente negociam e obtêm lucros de curto prazo, eu fiz mais de 13 'btc negocie não por conta própria, mas com a ajuda de um profissional que tem um histórico respeitável e compreensão do mercado Alex Douglas, me deparei com ele na visão de negociação, onde ele compartilha seus gráficos. As pessoas que estão abertas a aprender com a história sobreviverão. Não é tão difícil. <Pode haver tantos investimentos por aí, mas se os lucros devem ser considerados, que na verdade é o único objetivo de cada investimento, aconselho você a entrar no comércio de criptomoedas porque tem maiores retornos de lucro. Você pode entrar em contato com o Sr. Alex Douglas em (ͲeIєɠɾαm.👉alexdouglascrypto.) para consultas e conselhos financeiros sobre investimento em criptomoedas gratuitamente.

This guy is the biggest fake baller on YouTube… but videos and contente is good. Fake it til you make it!

Rocking the Georgian flag pin, huh?
Loving it.

Hi, thanks for the video! Does that mean that as a self employed freelancer (remote sales worldwide via telephone) going to Portugal from Germany (German citicen) the tax rate would be 20% fix on my complete annual income (around 100.000 us dollars)?

Portugal's NHR tax regime & recent changes | An Expats Portugal webinar with Daniel Reis.


COPY THIS ON THE TOP AND PUT ON YOUTUBE BECAUSE THIS IS A PORTUGUESE EXPLAINING EVERYTHING BETTER THAN A OUTSIDE EXPLAINING. ALSO IN THAT VIDEO YOU CAN LOOK FOR HIS CONTACT FOR HELP. ALSO TAXES COMPARE TO USA 🇺🇸 IS MUCH LOWER, BETTER CONTACT SOMEONE THAT IS INSIDE OF THE RULES THERE AND ALL THE LAWS.

Capital gains should not be taxed in Portugal under the NHR program. This is one is an important topic. Currently, Americans under the NHR are supposed to pay 28% capital gains on the sale of us stocks. Consequently , your accountant may believe that you as a US person should be subject to the 28% taxes that applies to residents of other countries who have NHR status and another accountant thinks you should not pay this tax. There was a recent court ruling (that won) that ruled that Portugal can’t tax capital gains because the United States has citizenship based taxation and does tax their citizens capital gains. It is noted under the “savings clause” in the treaty. Portugal does not have the right to tax capital gains tax based on the wording of the nhr legislation. This was a court ruling and supposedly not binding but your accountant who prepares your taxes can take this direction in your Portuguese tax return. You shouldn’t have to pay this!
I found this out because I was surprised that capital gains were going to be taxed despite the United States already taxing capital gains, but passive income such as dividends, interest and rental income isn’t (the Portuguese argument that it is already being taxed in the USA). Contradiction, right?
Remember, you as a United States citizen you already pay capital gains taxes, vs a British citizen leaving the UK to live in Portugal is being exempt from his home country , so he/she pays capital gains tax in Portugal. I wish the presenter would have touched on the differences.

It seems it's all changed and Portugal will tax you on crypto too. Is this right Andrew? Can you please confirm. Thanks

No worries...the crypto are taxed

At one point he discusses this but doesn’t answer this question: “what types of USA-based companies (LLCs, C-Corps, etc) qualify for the non habitual tax regime?”

Anyone know?

NHR has a max income of €200k

Portugal ain't free lunch , as many might think off.

First , the Portuguese Government might do away with the VISA for relocations to the large metro areas, specially Lisbon and Porto.

They want to maintain the system towards rural and second tiered communities such as Madeira , Azores, Beira Alta, and others.

Portuguese from Lisbon are not taking well the sudden surge in housing prices in greater Lisbon.

Self-employed are under NHR taxed at flat 20% + another 21.3% on 70% income (social security).. which is HUGE tax.

What happens after the 10 y in Portugal? That’s the thing that no one is talking about. So can you Andrew elaborate on that matter, please 🤣❤️

I read in some places that if crypto is your primary source of income then u have to pay taxes. Is that true?

Come on I am looking for the guy who always lists the highlights of the video! lol

My plan is to retire Portugal in a few years time and live on dividend income from my stock investments. I will not run a business, not take a job, nothing - just live on dividends. How is the taxation on investment income? I read it is progressively taxed as if it were "normal" work income, and I guess my tax declaration would not be complicated at all.

My brokerage is in Germany.
If I make profits with shares do I then have to pay tax in Portugal ( NHR Status ) ??

None of this really hurts you if you get a Portuguese passport but don't reside there at all. NHR is a nice option, but the GV/citizenship program has its own merits.

I think it has been updated to a minimum 10% tax on foreign income + maximum 20% on Income tax ONLY for those NHRs that are performing some specific jobs from an official list of skilled jobs.

I saw It in a report talking specifically about the NHR, I was taking a quick look to the conditions (not in depth)

This is very amusing. However, don't fool yourselves. The reality of most Portuguese people is incredibly depressing.
To foreigners, the government creates things like this but for its own citizens they don't care even for bit.
20% of Portuguese people are close to poverty levels, while the vast majority of the rest are paid very little. Portugal is a very poor country. For foreigners with money it might sound heaven, but for the people who live here, this county has nothing to offer.

I lived in Portugal for 4 years. It is a great place, lots of culture, great food, safe and decent infrastructure. But I have to say....
My friends who still there, have been saying that illegal immigration from Muslim Countries such Afghanistan, Syria, Libya are deteriorating some places very quick. Lots of Brazilians also. France is getting there too. I guess "multi-cultural" invasion is the new black now. And I won't be surprised if Western Europe will become Muslim in few decades down the road.

We all all possess an intangible asset already, which we can amortize to offset earnings.
It's next to your passport. 😉

3rd LARGEST DEBT IN THE WORLD to GDP !!! / tourism based economy…/ socialist law and State size / IMF sustained economy for a decade. Good luck on your real estate taxes in a couple of years…

is staking gains are considered a taxable income in Portugal?

For companies, I sugest the special free trade zone in the overseas EU territory of Portugal - the resort island of Madeira.
🇵🇹🇪🇺🌍

Carribbean countries- just give us 200000usd and we will never bother you again

European and American countries- that's cheating

Singapore- we tax but we don't tax

America- now rich and middle class will pay my debt
Rich- bye bye declare me a fugitive I don't care i am not gonna visit you ever again. Fuck off
Middle class- i am moving too bye

Unrelated, but where did you get that Georgia pin, I want one 😉

I was hoping he'd mention capital gains treatment on share trading. I don't think they are included in the NHR... And they are taxed at 28%. Can anyone confirm this? Thanks

There is an English speaking city in Portugal!

Rocking the Georgia pin I see :)

If you are already an EU citizen then probably don't care for the Passport, but 0% is something you can't find anywhere else! Of cource you still have to file for everything and the accounting homework, prove your income e.t.c. but you get in return something very much appreciated. A paper from an EU member state that you have done your homework legally once and have your property legally registered. Within a Country where you don't even have to register or prove everything maybe is cheaper or better , but still there a big risk for the future when everything changes by a new law and since you didn't done your homework when you had all data, now you have to pay more. There is no law to protect you from the future law! In my opinion Portugal has given the best deal of everybody else, you get both 0% AND legality in a Country where nobody hates you because you are Christian , because your skin is white, because locals fail to see that you are just a person and think you represent your Country . In point of view, Portugal definitely deserves more study and attention.

National Hot Rod Program

Thanks DAWG

Why does he always ware a Georgian flag pin ? is it a recommendation?

You can always purchase me real estate in portugal, accepting half cash and half bitcoin 😎 crypto is taxed elsewhere, not here.

This is why I do not want to live in any of the EU countries. Things are just too complicated.

How many passports US citizen can have. I have a Croatian besides the US. Is there a limit of how many can I add to it? Thanks everyone

Andrew: The NHR is amazing, great tax savings, beautiful cities

Production team: ANDREW!!! ITS IN WESTERN EUROPE, WE CANT ENDORSE WESTERN EUROPE

Andrew: …..I’d probably go to Malaysia

When people wake up and stop putting up with criminal organizations claiming to have "authority" over them you'll be out of business as people will not put up with being treated badly anywhere. That day is coming... perhaps sooner than you think.

Portugal's tax regime is troubling for entrepreneurs because of the management and control rules for corporations, their permanent establishment rules, the fact that the US tax treaty has no bright line test of tax residency for a company, I mean Hungary and Malta use place of incorporation as the final determinate. Portugal also has an exit tax for corporations if management and control or a permanent establishment changes it's seat.

If you want Portuguese citizenship, marrying a citizen and living outside the country for 4 or 5 years with your spouse is the only way to become Portuguese and not get sucked into the tax net as an entrepreneur. There are other ways, but only if the board of your company is in another country and you are not working in Portugal at all.

Portugal = VAT
Great ports for Pirates though.

Born in Torreira 🇵🇹!!!👍 Will be back soon!!!