Is Portugal dead as a country to consider for your wealthy expat plan? We explore new Portugal taxes and Portugal Golden visa delays.
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In this video we talk about Portugal and the new crypto tax regulations that are being proposed and voted for in the country. Portugal has been a place that attracts a ton of crypto investors and high net worth individuals because of their relaxed tax rules, non habitual residence program and golden visa program that leads to citizenship.
We discuss the new laws and regulations coming to Portugal and if Portugal is dead as a country to lower taxes and seek more freedom from restrictions. We compare Portugal to other tax free jurisdictions like Dubai and analyze which ones you should have in your plans.
Who is the Wealthy Expat?
The Wealthy Expat is run by Rafael Cintron, it’s a Youtube channel and vision dedicated to helping you lower your taxes, get a second citizenship, and travel the World to increase your freedoms and happiness. Rafael Cintron is a 7-figure entrepreneur who’s traveled to more than 60 countries, gotten multiple residence permits all over the World, and a second citizenship by investment. He is committed and passionate about teaching you these topics.
If you want to learn more about Rafael and his strategies book a free call with him here:
In this video we talk about:
tax friendly countries, citizenship by investment, avoid taxes, pay zero taxes, portugal golden visa, portugal taxes, portugal dead, portugal new taxes, portugal crypto taxes, portugal crypto, Portugal is Officially Dead, portugal citizenship, portugal or dubai, dubai crypto taxes, portuguese taxes, portuguese residence, d7 visa, crypto tips portugal, portugal visa, portugal living, portugal life.
Other related people in this topic:
Nomad capitalist, robert kiyosaki, offshore citizen, crypto tips, heidi chakos.
DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I’m not a financial advisor nor do I pretend to be. Always do your own research.
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Typical American
Nice content mate! So happy to announce that I have gained financial freedom by investing in digital currency
You know bureaucrats are always trying to look for all forms of confiscatory taxes. When the economy is in the doldrums, they beg people to move there. But then when they come, and people say hey this is a good place to go and more people come, they look for ways to tax people. Portugal is a very left-wing country, and like all the socialists, they feel that anyone is wealthy is probably evil. When the country starts heading in the wrong direction, it's time to make an exit. You might consider Malta which has a non-dom program, but I think the island of Cyprus is even better because they're going into the direction of lowering taxes not raising them. They now just introduced a 50% discount on taxes, and the corporate tax rates only 12 and a half percent. Royalties at 2.9%. dividends and capital gains in no tax.
So they say they're losing wealth by not taxing crypto? How about all the money and smart people that enters the country because of the zero tax? Dumb mfs smh.
Europe is busy turning itself into a socialist dystopia. I would definitely not choose to move to any of those EU countries. I'm preparing for my own exit from Australia. Canada, new Zealand, USA and the whole of the EU are all at the bottom of the pile.
They are not taxing crypto.
im willing to wait for 6-7 years for its citizenship. portugal will be my vacation house. tax on crypto is just secondary to me.
Yes Rafael, Portugal is DEAD! The EU? DEAD!!! USA?😂😂😂😂😂 DEAD!!!!! Canada? DEAD! UK? DEAD! Australia??? 😂😂😂 DEAD!!! New Zealand? DEAD!!!! All DEAD!!!! Focus instead on Eastern Europe, Asia and Latin America!!!!
U can do the D visa other then that the country is lousy for investments.. takes 5+ years to become a citizen
We're earning 500 euros ? From where ? Is that an aid ? We're getting to Cuba ? Really ? I got frightened…but I want those 500 euros.
How much does Dubai tax Crypto?
L Portugal smh
The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencies (BTC,ETH…)
Study Mark-kishon Christopher 💎🖐
What about gibraltar for crpto?
They should of learnt from the errors from their spanish neighbours but no they decided to copy what s-pain does and put up the taxes on pretty much everything
Thank you so much for this timely and proper explanation! Please keep us updated on better options.
awesome Raf! 🙂
The worse that everyone feared in the crypto space is finally happening. Southeast asia is also an attractive option. Malaysia thailand indonesia have attractive crypto taxes
Great content but some numbers need to be more accurate. First of all, 6-7 years for PT citizenship is not manageable. 8-10 years is a realistic one. Secondly, there is probably no one getting GV via job creation route. Having a company in PT creates a lot of hassle and not worth all all. Although it looks like PT is dead, it is not 100% dead. I think the government wants to hear the public reaction first, then they will make the changes. Of course, if they have announced the crypto tax, 100% crypto traders would have gone to Dubai by now. So far still no law on crypto. So they might introduce some sort of 5% tax on crypto and continues observing the reaction from public…
This was obviously coming. Portugal is too developed. Less developed countries are more appealing
Portugal is loosing money))) as if they earned it. Start working mfs
All European countries are headed are headed in the wrong direction. ( Turkey is not European) Not only Portugal.
Make Crypto banking options video. In St Kitts and the Carribean. Good exchanges?
Thank you for your advice 💐
Gibraltar is close and reliable as far as I know, but you need to prove you own no less than 2 million pounds in assets and pay close to 30k pounds a year. I think that's how it is.
Thank you, for all you do 👍🏼
Basically – yes, for crypto investors. The NHR still gonna be a good option for some people – but not for those who're into crypto
Excatly this is what I was talking to my boyfriend! If they implement tax on digital assets, they are pushing all wealth out of Portugal and it gets worse then its now! They would be very stupid to approve, I am still hoping they reject for the second time.
portugal is poor! before you go to a country check their debt to gdp and that will indicate if they will pull the rug from under you, and trick you into taxation. Portugal is a prime example they seriously need money
Bendiciones hermosa Celina que Dios te cuider donde quiera que 19yearsold.Monster encantan tus videos.
Rejected. Portugal will continue without tax. Great statement from Portugal