Hi. Thanks for your channel. My wife and I are moving to Portugal in 2 years. We are trying to map out our financial strategy. I will have a private pension from the US. I'm looking at 48percent tax. OUCH. You have any ideas or strategies..... Thank for all. Jeff
I am not a tax expert and am a non US person. If you have income, it will be hard, but you may be able to set up a company structure if your pension allows that flexibility. The best way to live in Portugal tax free (aside from consumption tax) is not to have income. You can have assets and face no tax. For example crypto assets. If you can find a way to defer the income from the pension while in Portugal, you could periodically move to another country for 6+ months and receive the deferred pension income in that tax year. Countries with territorial tax regimes such as Thailand (for now) and Malaysia are good for this. This will be a bit of a hassle, but fully legal.
What are your thoughts on the golden visa coming back to Portugal?
I never expect I would see these return. I do not think the public support them.
Exactly, most people don't support the GV
I will not be rushing to get one of those. I know a few people who got the original version though and they did fine with it financially.
I doubt there will be a queue for this too
Hi. Thanks for your channel. My wife and I are moving to Portugal in 2 years. We are trying to map out our financial strategy. I will have a private pension from the US. I'm looking at 48percent tax. OUCH. You have any ideas or strategies..... Thank for all. Jeff
I am not a tax expert and am a non US person. If you have income, it will be hard, but you may be able to set up a company structure if your pension allows that flexibility. The best way to live in Portugal tax free (aside from consumption tax) is not to have income. You can have assets and face no tax. For example crypto assets. If you can find a way to defer the income from the pension while in Portugal, you could periodically move to another country for 6+ months and receive the deferred pension income in that tax year. Countries with territorial tax regimes such as Thailand (for now) and Malaysia are good for this. This will be a bit of a hassle, but fully legal.