Tax-News.com: US House Passes Bill To Improve Health Savings Accounts

Radko said:NHR 2.0 is already in place, and it's not too bad....
No taxes on foreign capital gains, no taxes on foreign income for 10 years.Click to expand...new one ALREADY enforced ? source ?

 

Radko said:NHR 2.0 is already in place, and it's not too bad....
No taxes on foreign capital gains, no taxes on foreign income for 10 years.Click to expand...To be eligible you'll have to earn income from one of their profession categories.

 

toums said:new one ALREADY enforced ? source ?Click to expand...
I spoke to a Portuguese lawyer last week, that's what he said.
There are others perks, but I only talked to him about foreign capital gains and income.

Do a search, "New NHR", you'll find plenty of articles.

 

No family but I moved to Monaco and it's pretty good so far.

 

Radko said:I spoke to a Portuguese lawyer last week, that's what he said.
There are others perks, but I only talked to him about foreign capital gains and income.

Do a search, "New NHR", you'll find plenty of articles.Click to expand...
yes saw it but condition to get it is more strict and have to be in a specific list of job.. But yeah free capital capital (oversea) is a good thing.. if it's really apply to stock market..

 

saintjohnny said:No family but I moved to Monaco and it's pretty good so far.Click to expand...Don't lose this, brother, and do NOT engage in ANY shady deals with ANY shady individuals (government "licensed" individuals should be AVOIDED at ALL costs) and risk screwing this up!

You are on the fast track to keeping ALL your wealth, but most importantly, you won't be accused or charged with "tax evasion" EVER!

PS. Do NOT own property in ANY other country...unless it's also devoid of income tax filings! - Up, up, & above!

 

toums said:if it's really apply to stock market..Click to expand...
Yes, no capital gains tax on foreign financial assets, and no taxes on foreign income.

I couldn't move to Portugal before, but I can move now and live tax free, but I don't think I'll end up moving to Portugal, finding an affordable long-term rental is challenging, at least in the South (Algarve)

 

Radko said:AlgarveClick to expand...Algarve is SO nice! Great seafood! Good weather.

PS. or at least it used to be. I haven't been there since the pandemic)

 

jafo said:Algarve is SO nice! Great seafood! Good weather.

PS. or at least it used to be. I haven't been there since the pandemic)Click to expand...
I was there last year, in September, it's still really nice. Cheaper than Spain when it comes to groceries and life in general, but finding an affordable long-term rental is challenging, for sure more expensive than in the south of Spain. Too much demand for rentals given the success of the NHR program. The beach in Portimao is so nice!

 

Now, I remember why I didn't like the NHR program... the wealth taxes on property and the property taxes. I was looking to own.

 

Radko said:Yes, no capital gains tax on foreign financial assets, and no taxes on foreign income.

I couldn't move to Portugal before, but I can move now and live tax free, but I don't think I'll end up moving to Portugal, finding an affordable long-term rental is challenging, at least in the South (Algarve)Click to expand...
I dont know well Algarve, but it's the same story In Lisbon.. very complicated to find good flat (quality/price) and even more complicates on the rental market... Just few offers and price 'very high' for Portugal..

Take also in consideration that Portugal has a big 'black list coutries' if your income come from their countries, you can pay 35% tax instead of 0%, so need to be careful from where it's come

https://www.pwc.pt/en/pwcinforfisco/tax-guide/2024/favourable-tax-regimes.html

 

toums said:black list coutries'Click to expand...
What a long list, pretty much every island in the world. Thanks for that!

 

I love those lists, they give you ideas of where to relocate next or set up your new business.

 

toums said:Take also in consideration that Portugal has a big 'black list coutries' if your income come from their countries, you can pay 35% tax instead of 0%, so need to be careful from where it's comeClick to expand...How about setup company in Portugal that hold shares in UK company and distribute profits always from UK company. Register the UK as payment processor for the Portugal company only.

 

burden said:How about setup company in Portugal that hold shares in UK company and distribute profits always from UK company. Register the UK as payment processor for the Portugal company only.Click to expand...
i don't get the point/link?

What's the point to set up a Portuguese company? and where are you resident in that situation?

 

Radko said:What a long list, pretty much every island in the world. Thanks for that!Click to expand...
Update* I saw with a lawyer there, you can avoid the blacklist with countries with DTT with Portugal, so like UAE, Panama, Bahrain, Andorra, HK etc.... IF you are under NHR. If you don't have (or not anymore) the NHR tax scheme activated, then 35% (instead of 28).