The portuguese government has a portuguese course online that is top quality and good price. On the plus side, it's taught at the level required for citizenship application. Search "Instituto Camoes learn portuguese"
Dudes. I’m from Portugal. I live in Switzerland. Work in Switzerland and have a monthly pay check most Portuguese people dream about. I can’t afford to move to Portugal. Portugal is nice and great IF you don’t have a Portuguese pay check
@insideimagery133even then. There was a time when that was a safeguard. Yes there was as a time in Portugal when having a “canudo” meant having a sure and safe future. Can you say the same thing today?
It is a sad reality that the best and brightest young Portuguese have to leave Portugal to make a decent living. But worse - to counter this problem - rather than make any changes to encourage these young people to stay, the Portuguese government encourages old geezers like me to immigrate here so we can "trickle down" our money on the remaining Portuguese.
Hi Dave. Thanks for your videos. As a portuguese citizen, I welcome you to stay here as long as it pleases you, counting that you are happy. Nothing and nobody is perfect, so all we have to do is to weigh the pros and cons of every situation we are in. Enjoy Portugal.
Hi Dave, I've been following you because I was very curious to know how an American felt living in Portugal. From what I've seen in your videos, you've started to document the tax and other systems for Non-Resident Citizens well, and you've shown your followers in the United States how beautiful and wonderful Portugal is. Honestly, I feel that you've adapted well to our culture, to our greatest pride, which is our country. In my opinion, after being in Portugal for 2 years, I can already consider you a Portuguese! It seems that you already speak Portuguese well and you're amazed by us. As a Portuguese person, I'm proud that people like you, with a different culture, mentality, and nationality, have come to like us. I was a little sad to think that you're leaving our country without getting to know even more Portuguese traditions and cultures, including Portuguese history, which is one of the richest! About the taxes on Non-Residents, it's still in a proposal for the State Budget, but we Portuguese aren't the type to throw in the towel because that proposal is totally contrary to our Constitution. I hope that your decision is to stay in Portugal. I'll continue to watch you on UA-cam and I hope that this absurd measure that kills the foreign investment we need will "fall flat." A warm Portuguese hug from this Portuguese who follows you.
Subscribing that! Dave, double taxing is likely not going forward. Even against EU rules, so, it can't move forward!! Portuguese Gov will be geld accountable at EU, big time! 😉
Dave, thanks for ur down to earth videos on 🇵🇹. We are far from being perfect but we have so much potential, and are certainly very good people. U have adapted, gotten involved in our culture, customs, language, and I am so thankful. You have been utterly exemplary and I hope u stay with us for a very looong time... How about forever!? You are the type of human being we want and need living amongst us, so TY for giving 🇵🇹 a chance, for sharing yourself with us and accepting us as we are. 🙏😊❤️🇵🇹
It is amazing how the Portuguese can live in Portugal! I moved here in 89 and I have lived here like the Portuguese live - not like the expats. No private health plans or schools for my kids and living on a minimum wage. It wasn't easy. My eldest son had to leave the country to get a decent wage and be able to make something of his life. Like so many Portuguese nationals do. My youngest is off to Ireland in a few months too. I think the Portuguese government needs to think carefully how it 'sells' Portugal off to the highest bidder. This country is much more than sun and beaches. 😊😊rant over.
They really need to help the Portuguese and stop just helping foreigners and this is coming from a foreigner! Its their home their land and they are what make Portugal great!
great comment and so true about the struggles of trying to make a living here... I married a Portuguese and for the first 6 years of our union we were living nicely in the states, pulling in a pretty decent wage that afforded us the ability to basically spend what we wished on luxury but not lavishly. We both have college degrees. In 2017 we moved here and been struggling ever since.... My husband just finally found a permeant job which pays him minimum wage (he bring home like 750 a month). And this is WITH a college degree that seems basically useless in this country. I would only recommend expats come if they do not need to rely on getting a job within the country!!!
We were lucky that we had a house. After I left my ex. it became much harder . Finding money for rent and bills. At one point I had 5 different jobs, a little here and a little there. It was exhausting. @@jadedjhypsi
Dude….youre a roll model for us Americans. I tell my 2 American kids “be like Dave.” But hey Dont let that compliment go to your head. Keep giving us the good bad and ugly and funny content. Thanks Big Dave!!
Here in Portugal (central rural) also, retired able to buy land…no chance in Uk even better able to BREATHE and integrate with the WONDERFUL Portuguese people. We live in a very small village only speak a little português, but we have been made to feel very welcomed and accomodated despite our lack of language. Enjoying your videos.
Most people saying they aren’t going to Portugal because of NHR probably don’t even understand if it’ll affect them anyways. I personally won’t be applying for the NHR because it would lock me into a 10% tax scheme and honestly my portfolio doesn’t make enough to reach 10% taxation so if I got enrolled in NHR, then it’d cost me money, not save me. So people that are concerned about that should consult a tax attorney in PT and US to decide based off facts.
Your house is so beautiful. Hold on to that house. I hope you are making good Portuguese friends. I know it's not easy. I glad you are enjoying your life in Portugal.
Hi Dave. I am a Portuguese living in Japan for already many years now and I enjoy so much your videos, because I appreciate the real way in which you introduce my country. It helps me to learn from your vision. Thank you.
Thanks for You're brutally honest take on Portugal. A lot of UA-camrs are sugarcoating it. Not cool. Every country has pros and cons, but when people mislead you that's showing a lack of integrity. Keep up the good work!
Hi Dave, congratulations for the contents of your videos with a honest and internal/original perspective. Thank you for your efforts and sharing with all of us. Wish you success! 👍☀️☀️💪
Thanks as always for the honesty and the "raw" vibe of this video. I would add, while Europeans may pay a "higher tax" on the face value of income ... it SHOULD be considered that most Americans only calculate their Federal Rate and compare it to what they think they will pay here. If you ADD in your HEALTH INSURANCE costs in the US (my last year in California, I was paying $900/mo in premium for a family of 2)... that makes your total layout for a 28% tax bracket in the USA actually closer to a 48-50% effective 'TAX'... Then consider that Portugal has one of the best healthcare/cost ratio systems in Europe, and ranked 12th in the World to the US' 17th overall rank... This makes Portugal much more competitive... add in that: you cannot be bankrupted by medical bills here, cost of living is considerably lower, violence is almost non-existant.. and you can hop on a plane and be in Paris, Rome, London, Berlin, in a few hours.. final analysis,..quality of life, lack of stress.. is much better here.
But very low wages , no job market to speak of and heavily taxed .Portugal is good for the well off expat who doesn't depend on the portuguese job market
@@matildesantos4215 Agreed, job market is poor here… but better than Eastern Europe… so, if you NEED to live on just Social Security… Portugal wins. Come here to live out retirement in peace… or start a small shop for $10k all in startup costs.
@@Dinom-tt5wz if you pay dont off social security, while your actively working, then you can´t live off social security. If you didnt know that, know you do.
@@eduardaalmeida414 Yes, of course I know that. Then it is on you to save for retirement alone. My comment was comparing the cost of medical insurance. No solution is perfect… but the economics of Portugal make it more affordable for MOST Americans, IF (big IF), they are willing to relocate
@Dinom-tt5wz depends on what you recognize as 'Eastern Europe'. Many former 'Eastern' Europe countries (which are now actually more with Germany and most neighbors part of Central Europe) have already a higher GDP per capita than Portugal - for instance Czech, Estonia, Slovenia, Poland/Latvia/Lithuania etc. are getting closer. And their job market is doing great. Portugal did 'relatively' well since the financial crises, also due to the foreigners and their money/investments which also pushed/helped the locals (in difference to what some typical anti-narratives try to sell) and btw. made Portugal in the English Proficiency ranking now one of the best countries in the world (unlike France) .Portugal is also better than the 'real' Eastern Europe countries. But there is also still some room to improve. And left wing/socialist parties (which are together with Islam are also the most antisemitic/antizionist Sharia supporters) are not exactly the best choice to make Portugal really wealthy. A mentality mistake many Southern/Latin American (and also some African) coutnries make all the time instead of only voting for a more liberal politics. All wealthy countries on the planet have something in common: they are for a long time good in the 'index of economic freedom'. This is one of the most important aspects (in difference to totally irrelevant ideological indizes like the Gini-Index) ...
Hi Dave, thanks for your great and comprehensive covering on how its like to live in Portugal. I was there for weeks at that " Expo-98" and travelled thru. the couctry. I Loved the food and culture, and it is so easy to travel to other countries in Europe from Portugal. I'll be watching more of your video production. All the best. 🙌🇺🇸🇵🇹🗽
Hello Dave, I'm Portuguese and I've watched most of your videos. Thank you for showing what it's like to live in Portugal and what the Portuguese are like. If the time has come to leave, I wish you all the best and thank you very much.
I always compliment how hospitable and warm portuguese people are ! it's been a 9 months that I've been living here and whenever I face with local people they ask me that do I love living here and always they are kind! I am attracted by portuguese history and now I am making videos about here to introduce this amazing country to the world
I am Portuguese and I left Portugal to live in the UK and I can clearly see the problem is always the government and NOT foreigners. I love Portugal but the way the government treats people is unspeakable. Always taxing the poor, not incentivizing anyone to start a business, too much burocracy to do anything, all they want is for the Portuguese people to be miserable. I mean, Portugal gives 300-400 euros for elderly people to live off... And they worked all their lives! In countries like the UK, you build your own pension with the help of the company you work for, which means when you retire you have (at least) 6 digits in your account - while companies use that money to grow the UK economy until your retirement age. The economy grows, the worker gets a big pay check and everyone is happy... In Portugal you can't even afford medication
I lived in the UK in the past, and that is so true. The private pension scheme management scared me at the beginning, but the truth is that it is much better in the long run for everyone. At least compared with the socialist failure that is Portugal. The public health and educational system as well as pensions could have continued working, but the problem is that the deep political corruption has sold this country to EUs central axis interests. Politicians destroyed our industry and agriculture, all for them to get their corrupt hands on those goodies, the EU financial support schemes.. it’s disgusting really. Had we had some pride and stopped our incredibly corrupt government we could have kept those areas that would keep us competitive as a country. Don’t get me wrong, I’m all for an united Europe, but to have a country being destroyed like this from the inside out is revolting. We could all live in a paradise, instead of a few only having that benefit.
I mean, if people in a country didn't start pension accounts 30 years ago what are you going to do? I wish there was an easy way out, but Portugal isn't rich by European standards and I doubt the country could afford just paying them 3x more without, as you say, taxing the poor een more.
Totally agree , we have had these private retirements here in the US for the past 50 years or so .Most employers incentivize their employees to save for retirement by matching up to certain amount that the employee contributes .Not only it's a good strategy to save for retirement it is tax deferred meaning it lowers your tax liability while working .According to Kiplinger's , retired Americans have a total nest egg of about 23 trillion dollars in these private retirements.With the average pension in Portugal so low it baffles me that the government doesn't incentivize folks to save for their.retirements , using private retirement accounts.
Right on Dave!!!! We need both sides in order to make informed choices. There will always be haters. Just build the well rounded content and they will come
I just got back from my "check out a few areas to vibe check them to see where i want to move" portugal trip. I was never banking on the tax break or anything, so it's still part of my plan. Looking forward to my future trips to do a deeper dive into various areas.
Every country just has to have a law that stops companies from buying homes and turning them into monthly rentals - Homes should be for people who want to live in that house for years or for life so create a law that you can only own two homes and that you can not rent either one. That would help drive prices down immediately
I once worked for the NIS here in Portugal collecting data for the Census and the area I covered had 425 homes and 200 of them were holiday homes. That was in 2001 - the situation just got worse over time.
Absolutely agree. As a proposed retiree to my ancestral Portugal, it is highly unlikely that I will be able to afford to buy an apartment at this stage of life. Not if I also wish to enjoy travel throughout the EU, on my fixed income. I dream about finding a beautiful place to rent long-term, adjacent to or in a vibrant city, to enjoy and to take pride in caring for!
As a portuguese I'm glad you decided to stay in our beloved country. Love your authentic view of Portugal (the good and the bad). Hope things get better for locals and for everyone who wants to live here, as long as , like you said, they respect the people and the culture.
Dave, I like your videos because your underline message was always, try to make effort to know the place and the culture, not going into the rabbit hole of criticism how the new country is so much worse from your place of birth. The truth is, if somebody does not like Portugal, it is his decision that is wrong and he is the only one with the power to change it! I admire the fact that you learn the language and seeing how different the mindset is, you embrace it! Let's not forget that one of the main reason Americans like Europe is the slow-pace life, the human connections and actually, having life 😊
Hey Dave I do appreciate your videos and honest information. I am one that is coming for 3 months to buy a small farm in the North or Central in Dec thru March and was not going to apply for residency until 2024 so I lost my ability to apply for the NHR. Although that is NOT the reason I am moving to Portugal, but it would have enabled me to move next year instead of waiting to receive my SS. So I am not sure if I can afford to move now. I am still coming to narrow down my area and look to see if I can find a property, but I want to get more information about the taxes I will have to pay and the tax I would have to pay on the gain on my house when I sell it in 2024. It was the interest I was going to live off of until I got my SS in the next several years. So the NHR was my way to move early. Now I am not sure. YES IT IS THE SAFETY and to be able to live in an affordable place in Europe with mountains, water, beautiful villages and cities and the lovely people. You are so right melding into the country and respecting the people is very important as well as learning the language. Hugs my friend. I even started my own youtube channel so to film my property search, history and to share the amazing places I will be visiting. Keep inspiring. Gina in Upstate New York USA moving to Portugal
Hello Gina! I am planning my move to Portugal from Austin TX and what you’re thinking about is also what I’m considering. It will be good to know how this NHR situation sorts out with the election in March and any possible changes down the road. I too will have Social Security in a few years. I was thinking of keeping and renting out my home here. Wondering what the tax on those things will be - but I’m also balancing that with the beauty, culture and lifestyle and low cost of living in Portugal. I suppose if there had not been the NHR, the decision would still be very appealing! I would love to stay in touch and hear how it goes for you. Great that you’re sharing in a UA-cam channel. I’ll look for it. - Frances
Hello Dave thanks for everything that you’ve presented about Portugal my wife, kids and myself were just there for 3weeks and we were so blown away by its beauty. So we decided to move there next year regardless of NHR. We didn’t know about before so we’re not going to let it prevent us from moving there. Hope to run into you someday when we get there. Thanks again for all the advice and how to adapt to the culture.
Really? If you earn 30,000 a year you will have 35% income taxed. Most rentals in Lisbon/Porto are like 1500 euros for a T2. And you also have 23% vat on everything, so all in all its actually a lower quality of life than USA
Hi, Dave - your vids are an amazingly timely and helpful find. Esp on the NHR. Since, as mentioned prior, I want to live in Portugal because I fell in love with the country and people at the same time I was looking for a place to live instead of the U.S. and I am retiring. Like you, I had not heard of the NHR -- until your videos! Like you my plan is to integrate as much as I can into the culture. I study Portuguese 2 hrs a day! And I expect to pay taxes. But 48% is high, I dont' care who you are. Esp on top of the fact I'll remain required to pay U.S. taxes. So I am very intrigued to hear more re your plans. Thx for the Good, Bad & Ugly reporting!!
NHR has been cancelled for a very simple reason: it made the house market prices go up like never before and today not a single Portuguese can afford to buy a house, and even renting has become difficult. All due to wealthy foreigners making the market prices go up. You can’t really blame a government to think about its own people first, can you? We’ve had the same problem here where I live and the result is that only wealthy Saudi Arabians or billionaires can afford a house, even local millionaires can’t afford it and the local middle class can barely afford to rent a small apartment and won’t ever have their own house unless they inherit it from they grandparents.
Dave, I'm not sure if this was your intention, but you make it sound like that NHR is ending for you as well, but you've decided to stay in Portugal, regardless. Assuming that you are on NHR currently, you will not lose it. It is only for newer visa applicants. I think you know this. So for you to decide to remain in Portugal regardless of NHR ending has no bearing for you since you will not be losing it.
A long term rental for at least a year is almost impossible in the most desirable areas of pt for retirement and D7 visas. So getting in on the the nhr tax regime before it disappears wont be easy or realistic . Thanks for your authentic and down to earth videos.
Many Countries have a tax treaty with Portugal. I am from Canada and they do. So we are not double taxed on our pension. It is funny how quickly people blurb without any knowledge about the situation. BTW Crypto in PT is only taxed if you sell/convert it into fiat money within a year. If you hold it longer than a year it is tax free. This also includes stable coins. Any trading in crypto ( crypto for crypto) is not taxed at all.
Can you do a video on the tax price changes on normal day living purchases & a monthly cost without having the tax break? Did you apply for the tax break? How will it affect you after the agreed time is over?
I realize you're videos are mostly targeted towards an American audience. And that's perfectly fine. You're an American and that's your perspective. I just wonder how different these videos would be if you took a more holistic, global approach. Maybe interview some people who have moved to Portugal from Southeast Asia, India, Vietnam? How about Africans from Mozambique and Namibia who are native Portuguese speakers? Love your content, looking forward to deeper content.
Everyone wants to live the dream in another country because it's more affordable and be entitle to special tax reduction or program, my question is how fare is that for the locals?!?
The problem with many language programs is they offer only Brazilian Portuguese which I am not interested in. Is that the case with Babble ? My Portuguese is pretty good but I want it to be better.
Was just in Northern Cali last week visiting family. They live in Monterey and Bay area. Used to live there years ago ,now i only visit once a year .It's still a beautiful state despite it's social problems
Hi Dave, I've been following you for a whilte since my partner and I want to move to Portugal in a near future. Comgin from Canada, having to pay taxes is nothing new,, so the end or the reform of the NHR doesn't change our project at all. If it does soemthing, it encourages us to do so since there will be less "rich people wanted to escape paying taxes" in Portugal. I would be interested on connecting with you just to learn more about how you made it possible. Francois
What Dave does NOT mention is how difficult it is to get laid in Southern European countries. I live in Europe and NO man is getting near to you unless he has a good character, is all about family and christian culture and of course money to live by. But we are never about money alone and so many Americans coming to Europe just don't grasp that.
Thank God some places actually have standards. Standards! Whoa. That’s a concept for Americans- where we have no standards. Maybe I really need to move to Europe now.
Good luck with your project 👍 Some good points about intergrating into the Portuguese culture. Unfortunately for our family it doesn't make sense to pay 48% tax and another 23% VAT. We couldn't make the move in time. NOTE: IF YOU ARE ABLE TO FINANCE OR HAVE SOME MONEY BUY A CHEAPER COMMERCIAL PROPERTY. YOU CAN NOW LIVE IN IT! WORKS FOR D7 RESIDENCE. 😮👍🌞💪
Glad to know that you don't plan to move :) You are very welcomed here and congrats for your channel. We have to admit that the video about taxes was a bit alarmist ;) and I agree, if people are planning to move just because of the taxes regime, better think twice. Nevertheless our tax scheme is not that high as you mentioned in that video, as it is a progressive and only applies to the margins above the different levels. Plus, it is more than fair that everybody contributes for the common good
I appreciate your honesty. There is no perfect place. I have been in Canada practically my whole life, came here in 1963 with my parents. Originally from the Azores. I would love to leave this country, but unfortunately husband does not.
At first i loved watching videos of youtubers that was moving and talking about my country and the culture shock. Was fun but know, knowing that that interest of Portugal come, from most of foreigns, because of the tax incentives i lost faith on all good intentions of them. Sure some love Portugal but first they love their money and where can they leave without losing on even gain some much. If that didnt affect our existance that would be great but its affecting. Our natives are having a lot of dificulties to leave parents houses and generate their own family. We should achieve a reasenoble point.
All of my grandparents (mother’s and father’s side) came from Portugal (Azores). A friend said I could apply for dual citizenship. Just curious if you knew anything about this or who I would talk to to find out. Portuguese consulate?
The comments … lol. Great video, except the hand-held camera. Lots of reasons PT was so highly rated as a place to live/retire. Certainly taxes were part of it, but that’s as never the sole reason. But certainly, this change will have a huge impact on immigration.
Why would you leave Portugal unless you wanted to? It wouldn't be because of the NHR going away because you would be grandfathered in until your 10 years are up. I'm not sure if you discussed this in previous videos.
Off course you have to integrate, If one goes to a new country, one has to. I lived 7 years in London and I had to integrate otherwise I would not be happy or have friends. If I just wanted to have Portuguese friends I would never leave Portugal. 😉 Having respect for the culture where you live, it is a must! 😊
I really love you are not sugarcoating.. it is SO important. There are people moving here, spending many thousands, with the wrong expectations, then trying to leave again or being "stuck". I have had personal conversations with hundreds of "pending" immigrants to give them the balanced view from my perspective, and they simply had no idea of many of the realities. And then those same people will still perpetuate "rainbows and unicorns" to others, so as not to be seen as being critical or whingeing. Even this week I took in a hiker caught in the huge rains of the past week & he had been told that Portugal did not get much rain and only in Jan/Feb; so his whole three week trip was wrecked because he came at the wrong time of the year, and had to leave for Spain. It is simply ridiculous that people are not giving honest feedback on the country, as we see it, to help people make good decisions for them. By the way, I have land near Óbidos, so if you are in this region, feel free to message me to connect
Some portuguese also like to blame foreigners for the country’s problems and politcally speaking you can see that kind of rethoric coming from both the far right and the far left.
The worst problem in Portugal is you cannot make a decent living working for a local company. Even if you have a tax break, everyone pays IVA (call it VAT or sales tax), which is 23% and in a lot of goods and services everyone may think are essential. Taxes over revenue are also high and in return, you get very little back: national education and health systems are cracking up, public transportation doesn't work as it should and most of the times their workers are on strike... The only advantages are food and sunshine, good beaches and countryside - but even that is changing and some places are being literally destroyed to give place to condos for expats... who want to come here because of its beautiful landscape... and tax breaks. For most Portuguese earning around 1000€/month is not a dream to live in Portugal, when the rents are 700€ or higher. The demand for housing is making local people's lives miserable and fortunately Portuguese people are patient and control themselves, but they are reaching a point that even patience has a limit and I feel hostility and bad temper growing. What you see as an attack to everyone looking for a tax break is just a Government bandaid to solve a much deeper problem for the local population. Anyway, if you really like Portugal, you can stay and see how it really is to live as a Portuguese with the full package experience. It's challenging.
I really appreciate your honesty in these videos. Also the extensive comments after your no more NHR video gave me a better look at the variety of things a number of Portuguese people are thinking than I've had anywhere. Three years ago I decided I wanted to leave the U.S. though I'd been thinking of it for awhile. I'd already lived in Europe for a number of years in my late 20s. Now I'm well into retirement. Unlike most U.S. expats I see commenting, I don't live in NY or CA or Seattle, and living in Portugal was never going to be much less expensive than staying where I am. But I want to be away from our politics and guns and expensive health care and I very much "want to be an old woman who can walk on the beach." And have good public transit, and be accessible to the rest of Europe. And I love living bi lingually, so the challenge of learning Portuguese never put me off, though knowing it wasn't essential to survive was helpful. But as we've watched real estate prices soar before our eyes, I've wondered what else could be changing. Is the health care system being over extended? Could the crime be going up as richer people move in and displace locals? Might the kind Portgueuse start to feel a little less kindly toward expats? The comments after your NHR video made me think that all of those are possible. But you're right Dave, the wealth gap is affecting life everywhere. And I'm in favor of a progressive tax system. How else do transportation and health care get paid for? So we'll still be coming to look around again in April. Thanks again for these
We've moving for the same reasons and are leaving expensive CA for only slightly less expensive Algarve. Your questions are very thoughtful and hopefully, the government is trying new things to correct some of the problems.
Will the NHR affect people who are coming over on a D7 as l will be a retiree and as far as I'm concerned the country that l will receive my state pension and local government pension from will have no doubt taxed if it does get taxed, so I'm confused about how the NHR issue would affect me.
I'm not an expert in taxes but I think that if your only income is from a pension, you'll be paying a 10% tax on it on top of any tax that you pay at source. Portugal used to offer tax free breaks for pensioners but no longer. 10% is fair because you too will be benefiting from the safety, public services, free healthcare and quality of life that all portuguese are contributing to through their much higher taxes. The NHR status would not benefit you because it applies a flat tax rate of 20% on all income.
Living in another country, regardless of whether it is a success or not, is immensely enriching. In that sense, if the opportunity arises, always try is my advice. I myself have been living as a Dutchman in Switzerland for many years, and although that seems a safe approach, there is a lot involved, also on a personal level. Learning the language and culture, finding a job, building a social network. But what an enrichment. Although I have no plans to live in Portugal, I find your channel always interesting, especially while you are not sugar coating. Cheers, Ronald.
Para muitos EUA e melhor porque existe melhor oportunidade de trabalho e os salarios sao altos. Impostos todos pagam, so nao paga quem tem renda baixa Saude gratuita nao existe em lugar nenhum , se recebe gratis e porque alguem esta pagando por isso.Sim e caro nos EUA mas qualquer um que trabalha pode ter seguro privado porque o poder de compra e alto .Em Portugal os impostos sao altos , salarios e poder de compra baixo
Eu sei tudo isso mas só estava a brincar, no inicio era tudo bom em Portugal, agora já não presta! este é o problema de todos os emigrantes em Portugal, depressa se esquecem de como é o país de origem!@@matildesantos4215
Hello from Uruguay. If you're moving to a place to chase tax rates, well, that's what you'll get, until you don't. You have to integrate and enjoy, and understand that you may not have everything you're used to.
Hi Dave, My partner and I have really enjoyed the information you provide in your videos. We almost feel that we can take an early retirement and settle there. Thank you so much for your views and insights into life in PT. We are taking a trip there in November and can't wait to see all the beauty the country holds. We are proactively learning the language, and by the time we are ready to move there in a couple of years hopefully, we won't sound like idiots!! lol. I am a web developer and teach at the local college, and my partner is a programmer. While we are close to retirement age, it is still a few years off. (We may not wait). In your opinion, are there jobs in tech in Portugal? I love teaching programming and would love to continue to do so, even if it was as a volunteer at a school. Again! Thank you for the videos!!
You guys can easily bull of an online business as a programer and a teacher. I live in Canada but am from Austria. I will move to PT with my partner. We scouted PT out in Feb.-March this year and absolutely loved it. I can't stand this north american nightmare anymore.
The Portuguese NHR tax regime does not affect americans as much as tax residents from other countries because the US is one of only two countries worldwide that taxes its citizens no matter what country they live in and become a tax resident of. Also, because of the US-Portugal double taxation treaty, americans can claim a Foreign Tax credit on their US tax return for any Portuguese income tax that they paid. Regarding retirees who receive income from pensions, stock capital gains, dividends, interest, etc., under the current NHR regime, they only need to pay portuguese taxes on 10% of private pensions (such as those received from corporations), not on public pensions (such as state, county, city pensions), capital gains, dividends, interest, etc.
Look forward to the future content and your plans. I’m still hoping to move. My plans have been delayed as I have to move some assets before I can go but I’m going for the culture and life for my family not for the money so looking forward to the time when it comes. Life too short. 👍🏾 Ps. I’m learning Portuguese (Portugal iteration) so if I had Babel that’s what I’d do!
I absolutely love Portugal. It is thee best country I've been to, and I've traveled all over the world! But ita not perfect no place is! However I am wondering if you have a business thats registered in the U.S. and you are paid in U.S. dollars do you still have to pay Portuguese taxes as a foreigner considering your business and income is outside of Portugal?
@goldvideo so if I pay tax on my income in the U.S. then I shouldn't have to pay taxes again in Portugal yes especially since it's income outside of Portugal and I already pay to my home country in the U.S.
@@sofiamaslanova5758 If you don't have NHR status, then I believe that Portugal has a treaty with the US not to be double taxed. But here's the big issue - and this goes for other countries like Spain as well. Let's say you earn 65K in the US working for a US firm remotely. In the US that is not all that much money in today's society. But in Portugal, you'd be considered rich. So while you would likely pay 33% to the US IRS, your effective tax rate in Portugal would be much higher (again, if you didn't have the NHR) -- more like 46%, so you would end up paying the difference to Portugal. So you're not being double-taxed, but you'd end up paying 13% more because your tax rate would be much higher in Portugal. The NHR status, if you can get it (it's going away soon), would allow you only to pay your US taxes for 10 years ... no additional tax owed to PT except for a flat 10% on pensions.
I'm very glad to hear that you don't mind paying taxes in a country that provides you with **safety, good services and quality of life**. Spoken like a true portuguese. ❤💛💚 Some foreign folks seem to think they should be entitled to safety & good quality of life without paying taxes. They just come here for the beer... and tax breaks. Some of them even go back as soon as they find out there are taxes in Portugal... LOL The NHR tax status is ending in 2024 but all those already enrolled in it will continue with same terms & conditions till the end of their 10 year NHR status period. Portuguese taxes are high BUT you can deduct a lot of personal & family expenses from your annual tax bill. Just remember to collect receipts for all bills you pay, with your name & NIF number in them. Next tax delaration must be submitted online by 30 June 2024, for ALL income received during 2023 in Portugal and abroad. Maybe you could make a video on taxes???
Start speaking a new language in 3 weeks with Babbel 🎉. Get up to 60% OFF your subscription ➡Here: bit.ly/3S3fEfV
But they don't have European Portuguese!!
Yup... only Brazilian Portuguese. And my Brazilian neighbour will attest that they're two very different languages 🙃
I teach European Portuguese :) @@JenShea
The portuguese government has a portuguese course online that is top quality and good price. On the plus side, it's taught at the level required for citizenship application.
Search "Instituto Camoes learn portuguese"
so you going to pay the 48% tax and stay?
Dudes. I’m from Portugal. I live in Switzerland. Work in Switzerland and have a monthly pay check most Portuguese people dream about. I can’t afford to move to Portugal. Portugal is nice and great IF you don’t have a Portuguese pay check
good words, you should live where you feel at your best
Me to
@insideimagery133even then. There was a time when that was a safeguard. Yes there was as a time in Portugal when having a “canudo” meant having a sure and safe future. Can you say the same thing today?
It is a sad reality that the best and brightest young Portuguese have to leave Portugal to make a decent living. But worse - to counter this problem - rather than make any changes to encourage these young people to stay, the Portuguese government encourages old geezers like me to immigrate here so we can "trickle down" our money on the remaining Portuguese.
I arrived in Portugal three months ago with my wife and we love this beautiful country.
Hi Dave. Thanks for your videos. As a portuguese citizen, I welcome you to stay here as long as it pleases you, counting that you are happy. Nothing and nobody is perfect, so all we have to do is to weigh the pros and cons of every situation we are in. Enjoy Portugal.
Hi Dave,
I've been following you because I was very curious to know how an American felt living in Portugal. From what I've seen in your videos, you've started to document the tax and other systems for Non-Resident Citizens well, and you've shown your followers in the United States how beautiful and wonderful Portugal is.
Honestly, I feel that you've adapted well to our culture, to our greatest pride, which is our country. In my opinion, after being in Portugal for 2 years, I can already consider you a Portuguese! It seems that you already speak Portuguese well and you're amazed by us. As a Portuguese person, I'm proud that people like you, with a different culture, mentality, and nationality, have come to like us.
I was a little sad to think that you're leaving our country without getting to know even more Portuguese traditions and cultures, including Portuguese history, which is one of the richest! About the taxes on Non-Residents, it's still in a proposal for the State Budget, but we Portuguese aren't the type to throw in the towel because that proposal is totally contrary to our Constitution.
I hope that your decision is to stay in Portugal. I'll continue to watch you on UA-cam and I hope that this absurd measure that kills the foreign investment we need will "fall flat."
A warm Portuguese hug from this Portuguese who follows you.
You have no idea how much this comment means to me 🙏🏻agradeçido
Um grande abraço
Great comment
We are Portuguese American retirees with no choice but to leave. How is this decision contrary to the Constitution?
Such a nice comment
Subscribing that! Dave, double taxing is likely not going forward. Even against EU rules, so, it can't move forward!! Portuguese Gov will be geld accountable at EU, big time! 😉
Dave, thanks for ur down to earth videos on 🇵🇹.
We are far from being perfect but we have so much potential, and are certainly very good people.
U have adapted, gotten involved in our culture, customs, language, and I am so thankful. You have been utterly exemplary and I hope u stay with us for a very looong time... How about forever!? You are the type of human being we want and need living amongst us, so TY for giving 🇵🇹 a chance, for sharing yourself with us and accepting us as we are. 🙏😊❤️🇵🇹
Thank you so much for the support and great comments 🙏🏻
It is amazing how the Portuguese can live in Portugal! I moved here in 89 and I have lived here like the Portuguese live - not like the expats. No private health plans or schools for my kids and living on a minimum wage. It wasn't easy. My eldest son had to leave the country to get a decent wage and be able to make something of his life. Like so many Portuguese nationals do. My youngest is off to Ireland in a few months too.
I think the Portuguese government needs to think carefully how it 'sells' Portugal off to the highest bidder. This country is much more than sun and beaches. 😊😊rant over.
As someone who had to leave the country at the age of 22, back on 2012, I do relate.
They really need to help the Portuguese and stop just helping foreigners and this is coming from a foreigner! Its their home their land and they are what make Portugal great!
My son left when he was about 20 - there was just nothing here. He worked as a coder for PT Telecom and the wages were a joke. @@HelderP1337
great comment and so true about the struggles of trying to make a living here... I married a Portuguese and for the first 6 years of our union we were living nicely in the states, pulling in a pretty decent wage that afforded us the ability to basically spend what we wished on luxury but not lavishly. We both have college degrees. In 2017 we moved here and been struggling ever since.... My husband just finally found a permeant job which pays him minimum wage (he bring home like 750 a month). And this is WITH a college degree that seems basically useless in this country. I would only recommend expats come if they do not need to rely on getting a job within the country!!!
We were lucky that we had a house. After I left my ex. it became much harder . Finding money for rent and bills. At one point I had 5 different jobs, a little here and a little there. It was exhausting. @@jadedjhypsi
Thanks!
Thank you very much 😱🙏🏻
I subscribed his channel because I thought he was genuine and fair, plus it helped me to understand the current situation in Portugal 🇵🇹.
Dave you are awesome Tysm for your content 😊
Dude….youre a roll model for us Americans. I tell my 2 American kids “be like Dave.” But hey Dont let that compliment go to your head. Keep giving us the good bad and ugly and funny content. Thanks Big Dave!!
Sir Jack Ocean, thank you very much for the kind words and constant support. I really appreciate it 🙏🏻
Here in Portugal (central rural) also, retired able to buy land…no chance in Uk even better able to BREATHE and integrate with the WONDERFUL Portuguese people. We live in a very small village only speak a little português, but we have been made to feel very welcomed and accomodated despite our lack of language. Enjoying your videos.
Most people saying they aren’t going to Portugal because of NHR probably don’t even understand if it’ll affect them anyways. I personally won’t be applying for the NHR because it would lock me into a 10% tax scheme and honestly my portfolio doesn’t make enough to reach 10% taxation so if I got enrolled in NHR, then it’d cost me money, not save me. So people that are concerned about that should consult a tax attorney in PT and US to decide based off facts.
THIS! Just like the golden visa, many were just getting caught up in the hype without looking at the specifics.
I love your channel! Thank you for sharing a piece of Portugal with us, every once in a while!
Hey Dave, I am relieved to hear you are NOT leaving Portugal. Best of luck with your opportunity. Randy/GA(USA)
Your house is so beautiful. Hold on to that house. I hope you are making good Portuguese friends. I know it's not easy. I glad you are enjoying your life in Portugal.
Hi Dave. I am a Portuguese living in Japan for already many years now and I enjoy so much your videos, because I appreciate the real way in which you introduce my country. It helps me to learn from your vision. Thank you.
Olá Maria. Como é trabalhar no Japão?
Thanks for You're brutally honest take on Portugal. A lot of UA-camrs are sugarcoating it. Not cool. Every country has pros and cons, but when people mislead you that's showing a lack of integrity. Keep up the good work!
Hi Dave,
congratulations for the contents of your videos with a honest and internal/original perspective.
Thank you for your efforts and sharing with all of us.
Wish you success! 👍☀️☀️💪
Thanks as always for the honesty and the "raw" vibe of this video. I would add, while Europeans may pay a "higher tax" on the face value of income ... it SHOULD be considered that most Americans only calculate their Federal Rate and compare it to what they think they will pay here. If you ADD in your HEALTH INSURANCE costs in the US (my last year in California, I was paying $900/mo in premium for a family of 2)... that makes your total layout for a 28% tax bracket in the USA actually closer to a 48-50% effective 'TAX'... Then consider that Portugal has one of the best healthcare/cost ratio systems in Europe, and ranked 12th in the World to the US' 17th overall rank... This makes Portugal much more competitive... add in that: you cannot be bankrupted by medical bills here, cost of living is considerably lower, violence is almost non-existant.. and you can hop on a plane and be in Paris, Rome, London, Berlin, in a few hours.. final analysis,..quality of life, lack of stress.. is much better here.
But very low wages , no job market to speak of and heavily taxed .Portugal is good for the well off expat who doesn't depend on the portuguese job market
@@matildesantos4215 Agreed, job market is poor here… but better than Eastern Europe… so, if you NEED to live on just Social Security… Portugal wins. Come here to live out retirement in peace… or start a small shop for $10k all in startup costs.
@@Dinom-tt5wz if you pay dont off social security, while your actively working, then you can´t live off social security. If you didnt know that, know you do.
@@eduardaalmeida414 Yes, of course I know that. Then it is on you to save for retirement alone. My comment was comparing the cost of medical insurance. No solution is perfect… but the economics of Portugal make it more affordable for MOST Americans, IF (big IF), they are willing to relocate
@Dinom-tt5wz depends on what you recognize as 'Eastern Europe'. Many former 'Eastern' Europe countries (which are now actually more with Germany and most neighbors part of Central Europe) have already a higher GDP per capita than Portugal - for instance Czech, Estonia, Slovenia, Poland/Latvia/Lithuania etc. are getting closer. And their job market is doing great. Portugal did 'relatively' well since the financial crises, also due to the foreigners and their money/investments which also pushed/helped the locals (in difference to what some typical anti-narratives try to sell) and btw. made Portugal in the English Proficiency ranking now one of the best countries in the world (unlike France) .Portugal is also better than the 'real' Eastern Europe countries. But there is also still some room to improve. And left wing/socialist parties (which are together with Islam are also the most antisemitic/antizionist Sharia supporters) are not exactly the best choice to make Portugal really wealthy. A mentality mistake many Southern/Latin American (and also some African) coutnries make all the time instead of only voting for a more liberal politics. All wealthy countries on the planet have something in common: they are for a long time good in the 'index of economic freedom'. This is one of the most important aspects (in difference to totally irrelevant ideological indizes like the Gini-Index) ...
Thanks for this video… its inspiring, because what draws me to Portugal is the culture and the people and less about some tax benefit.
Hi Dave, thanks for your great and comprehensive covering on how its like to live in Portugal. I was there for weeks at that " Expo-98" and travelled thru. the couctry. I Loved the food and culture, and it is so easy to travel to other countries in Europe from Portugal. I'll be watching more of your video production. All the best. 🙌🇺🇸🇵🇹🗽
Hello Dave, I'm Portuguese and I've watched most of your videos.
Thank you for showing what it's like to live in Portugal and what the Portuguese are like.
If the time has come to leave, I wish you all the best and thank you very much.
Portugal o nosso cantinho a beira mar..❤ respeitem que serao sempre bem recebidos.
O problema é esse... O respeito tem sido pouco...
I always compliment how hospitable and warm portuguese people are ! it's been a 9 months that I've been living here and whenever I face with local people they ask me that do I love living here and always they are kind!
I am attracted by portuguese history and now I am making videos about here to introduce this amazing country to the world
Thank you for your time and posting. :)
Great video! My Portuguese CPA filed NHR for me, it took only 2 days to ger the NHR.
I am Portuguese and I left Portugal to live in the UK and I can clearly see the problem is always the government and NOT foreigners. I love Portugal but the way the government treats people is unspeakable. Always taxing the poor, not incentivizing anyone to start a business, too much burocracy to do anything, all they want is for the Portuguese people to be miserable. I mean, Portugal gives 300-400 euros for elderly people to live off... And they worked all their lives! In countries like the UK, you build your own pension with the help of the company you work for, which means when you retire you have (at least) 6 digits in your account - while companies use that money to grow the UK economy until your retirement age. The economy grows, the worker gets a big pay check and everyone is happy... In Portugal you can't even afford medication
When you do have your own business the SS payments and tax is hard to bear.
I lived in the UK in the past, and that is so true. The private pension scheme management scared me at the beginning, but the truth is that it is much better in the long run for everyone. At least compared with the socialist failure that is Portugal.
The public health and educational system as well as pensions could have continued working, but the problem is that the deep political corruption has sold this country to EUs central axis interests.
Politicians destroyed our industry and agriculture, all for them to get their corrupt hands on those goodies, the EU financial support schemes.. it’s disgusting really. Had we had some pride and stopped our incredibly corrupt government we could have kept those areas that would keep us competitive as a country.
Don’t get me wrong, I’m all for an united Europe, but to have a country being destroyed like this from the inside out is revolting.
We could all live in a paradise, instead of a few only having that benefit.
same situation in hungary. Very sad, i think about move elsewhere, but maybe the unsware is not portugal.
I mean, if people in a country didn't start pension accounts 30 years ago what are you going to do?
I wish there was an easy way out, but Portugal isn't rich by European standards and I doubt the country could afford just paying them 3x more without, as you say, taxing the poor een more.
Totally agree , we have had these private retirements here in the US for the past 50 years or so .Most employers incentivize their employees to save for retirement by matching up to certain amount that the employee contributes .Not only it's a good strategy to save for retirement it is tax deferred meaning it lowers your tax liability while working .According to Kiplinger's , retired Americans have a total nest egg of about 23 trillion dollars in these private retirements.With the average pension in Portugal so low it baffles me that the government doesn't incentivize folks to save for their.retirements , using private retirement accounts.
Thank you for the practical informationals.
Right on Dave!!!! We need both sides in order to make informed choices. There will always be haters. Just build the well rounded content and they will come
Thanks for the support
I just got back from my "check out a few areas to vibe check them to see where i want to move" portugal trip. I was never banking on the tax break or anything, so it's still part of my plan. Looking forward to my future trips to do a deeper dive into various areas.
yes , if you continue to go in the authentic direction, i will be watching and liking. in the past ihad given up on you for a while...
Every country just has to have a law that stops companies from buying homes and turning them into monthly rentals - Homes should be for people who want to live in that house for years or for life so create a law that you can only own two homes and that you can not rent either one. That would help drive prices down immediately
I once worked for the NIS here in Portugal collecting data for the Census and the area I covered had 425 homes and 200 of them were holiday homes. That was in 2001 - the situation just got worse over time.
@@speakeuropeanportuguese Oh good grief, how selfish and unconscionable. Capitalism run amuck!
Absolutely agree. As a proposed retiree to my ancestral Portugal, it is highly unlikely that I will be able to afford to buy an apartment at this stage of life. Not if I also wish to enjoy travel throughout the EU, on my fixed income. I dream about finding a beautiful place to rent long-term, adjacent to or in a vibrant city, to enjoy and to take pride in caring for!
Actually yes. Well pointed out.@@periscope7731
@@speakeuropeanportuguesesame in some parts of California
As a portuguese I'm glad you decided to stay in our beloved country. Love your authentic view of Portugal (the good and the bad). Hope things get better for locals and for everyone who wants to live here, as long as , like you said, they respect the people and the culture.
love watching your videos, I love Portugal, wish i was brave enough to move. Visiting for now will have to do :) keep posting
Dave, I like your videos because your underline message was always, try to make effort to know the place and the culture, not going into the rabbit hole of criticism how the new country is so much worse from your place of birth. The truth is, if somebody does not like Portugal, it is his decision that is wrong and he is the only one with the power to change it! I admire the fact that you learn the language and seeing how different the mindset is, you embrace it! Let's not forget that one of the main reason Americans like Europe is the slow-pace life, the human connections and actually, having life 😊
Hey Dave I do appreciate your videos and honest information. I am one that is coming for 3 months to buy a small farm in the North or Central in Dec thru March and was not going to apply for residency until 2024 so I lost my ability to apply for the NHR. Although that is NOT the reason I am moving to Portugal, but it would have enabled me to move next year instead of waiting to receive my SS. So I am not sure if I can afford to move now. I am still coming to narrow down my area and look to see if I can find a property, but I want to get more information about the taxes I will have to pay and the tax I would have to pay on the gain on my house when I sell it in 2024. It was the interest I was going to live off of until I got my SS in the next several years. So the NHR was my way to move early. Now I am not sure. YES IT IS THE SAFETY and to be able to live in an affordable place in Europe with mountains, water, beautiful villages and cities and the lovely people. You are so right melding into the country and respecting the people is very important as well as learning the language. Hugs my friend. I even started my own youtube channel so to film my property search, history and to share the amazing places I will be visiting. Keep inspiring. Gina in Upstate New York USA moving to Portugal
Hello Gina! I am planning my move to Portugal from Austin TX and what you’re thinking about is also what I’m considering. It will be good to know how this NHR situation sorts out with the election in March and any possible changes down the road. I too will have Social Security in a few years. I was thinking of keeping and renting out my home here. Wondering what the tax on those things will be - but I’m also balancing that with the beauty, culture and lifestyle and low cost of living in Portugal. I suppose if there had not been the NHR, the decision would still be very appealing! I would love to stay in touch and hear how it goes for you. Great that you’re sharing in a UA-cam channel. I’ll look for it. - Frances
Hello Dave thanks for everything that you’ve presented about Portugal my wife, kids and myself were just there for 3weeks and we were so blown away by its beauty. So we decided to move there next year regardless of NHR. We didn’t know about before so we’re not going to let it prevent us from moving there. Hope to run into you someday when we get there. Thanks again for all the advice and how to adapt to the culture.
Really? If you earn 30,000 a year you will have 35% income taxed. Most rentals in Lisbon/Porto are like 1500 euros for a T2. And you also have 23% vat on everything, so all in all its actually a lower quality of life than USA
Thas is the proper reason to move here, You are Welcome !
Thanks for another amazing and honest video Dave.
I am glad to know you are staying in Portugal! 😁🤗
You seem like a cool guy to have a cerveja with!
Hey Dave, when are you going to do a series about the castles and citys of the "Beiras"?
@AruKGrd great idea! 💜
Great videos. I’ll definitely keep watching and hope everything goes well for you.
🙏🏻
Hi, Dave - your vids are an amazingly timely and helpful find. Esp on the NHR. Since, as mentioned prior, I want to live in Portugal because I fell in love with the country and people at the same time I was looking for a place to live instead of the U.S. and I am retiring. Like you, I had not heard of the NHR -- until your videos! Like you my plan is to integrate as much as I can into the culture. I study Portuguese 2 hrs a day! And I expect to pay taxes. But 48% is high, I dont' care who you are. Esp on top of the fact I'll remain required to pay U.S. taxes. So I am very intrigued to hear more re your plans. Thx for the Good, Bad & Ugly reporting!!
NHR has been cancelled for a very simple reason: it made the house market prices go up like never before and today not a single Portuguese can afford to buy a house, and even renting has become difficult. All due to wealthy foreigners making the market prices go up. You can’t really blame a government to think about its own people first, can you?
We’ve had the same problem here where I live and the result is that only wealthy Saudi Arabians or billionaires can afford a house, even local millionaires can’t afford it and the local middle class can barely afford to rent a small apartment and won’t ever have their own house unless they inherit it from they grandparents.
Good for you! Good luck to you!
Glad you are staying
I looked into properties in Portugal. It is not a cheap as you think it is , as of now . I found prices better in France and Italy.
Dave, I'm not sure if this was your intention, but you make it sound like that NHR is ending for you as well, but you've decided to stay in Portugal, regardless.
Assuming that you are on NHR currently, you will not lose it. It is only for newer visa applicants. I think you know this.
So for you to decide to remain in Portugal regardless of NHR ending has no bearing for you since you will not be losing it.
youtubers they never tell the whole truth lol.
Leave Portugal? No way Dave you are already one of us.
A long term rental for at least a year is almost impossible in the most desirable areas of pt for retirement and D7 visas.
So getting in on the the nhr tax regime before it disappears wont be easy or realistic . Thanks for your authentic and down to earth videos.
Many Countries have a tax treaty with Portugal. I am from Canada and they do. So we are not double taxed on our pension. It is funny how quickly people blurb without any knowledge about the situation. BTW Crypto in PT is only taxed if you sell/convert it into fiat money within a year. If you hold it longer than a year it is tax free. This also includes stable coins. Any trading in crypto ( crypto for crypto) is not taxed at all.
Can you do a video on the tax price changes on normal day living purchases & a monthly cost without having the tax break? Did you apply for the tax break? How will it affect you after the agreed time is over?
I realize you're videos are mostly targeted towards an American audience. And that's perfectly fine. You're an American and that's your perspective. I just wonder how different these videos would be if you took a more holistic, global approach. Maybe interview some people who have moved to Portugal from Southeast Asia, India, Vietnam? How about Africans from Mozambique and Namibia who are native Portuguese speakers? Love your content, looking forward to deeper content.
Thanks for the support and comment Thomas. I am expanding my channel in 2024. Hope you will come along for the ride!
Everyone wants to live the dream in another country because it's more affordable and be entitle to special tax reduction or program, my question is how fare is that for the locals?!?
Not fair at all
These expats love PT because of tax incentives, nothing else.
Was just there loved it
The problem with many language programs is they offer only Brazilian Portuguese which I am not interested in. Is that the case with Babble ? My Portuguese is pretty good but I want it to be better.
I am a Californian who moved to Minnesota for the low cost of living.
Was just in Northern Cali last week visiting family. They live in Monterey and Bay area. Used to live there years ago ,now i only visit once a year .It's still a beautiful state despite it's social problems
Great video as usual
Hi Dave,
I've been following you for a whilte since my partner and I want to move to Portugal in a near future. Comgin from Canada, having to pay taxes is nothing new,, so the end or the reform of the NHR doesn't change our project at all. If it does soemthing, it encourages us to do so since there will be less "rich people wanted to escape paying taxes" in Portugal.
I would be interested on connecting with you just to learn more about how you made it possible.
Francois
What Dave does NOT mention is how difficult it is to get laid in Southern European countries. I live in Europe and NO man is getting near to you unless he has a good character, is all about family and christian culture and of course money to live by. But we are never about money alone and so many Americans coming to Europe just don't grasp that.
This is the best comment ever
wtf? I do no think ppl move to a new place just to get laid....
@@daveinportugal We need a video about that.
@@jadedjhypsiYeah, really. Is being in Europe about getting some A_Ss? So low class.
Thank God some places actually have standards. Standards! Whoa. That’s a concept for Americans- where we have no standards. Maybe I really need to move to Europe now.
Good luck with your project 👍
Some good points about intergrating into the Portuguese culture.
Unfortunately for our family it doesn't make sense to pay 48% tax and another 23% VAT.
We couldn't make the move in time. NOTE: IF YOU ARE ABLE TO FINANCE OR HAVE SOME MONEY BUY A CHEAPER COMMERCIAL PROPERTY. YOU CAN NOW LIVE IN IT! WORKS FOR D7 RESIDENCE. 😮👍🌞💪
Dave its time for an episode in portuguese. would you acept the challenge?
Glad to know that you don't plan to move :) You are very welcomed here and congrats for your channel.
We have to admit that the video about taxes was a bit alarmist ;) and I agree, if people are planning to move just because of the taxes regime, better think twice. Nevertheless our tax scheme is not that high as you mentioned in that video, as it is a progressive and only applies to the margins above the different levels. Plus, it is more than fair that everybody contributes for the common good
I appreciate your honesty. There is no perfect place. I have been in Canada practically my whole life, came here in 1963 with my parents. Originally from the Azores. I would love to leave this country, but unfortunately husband does not.
At first i loved watching videos of youtubers that was moving and talking about my country and the culture shock. Was fun but know, knowing that that interest of Portugal come, from most of foreigns, because of the tax incentives i lost faith on all good intentions of them. Sure some love Portugal but first they love their money and where can they leave without losing on even gain some much. If that didnt affect our existance that would be great but its affecting. Our natives are having a lot of dificulties to leave parents houses and generate their own family. We should achieve a reasenoble point.
All of my grandparents (mother’s and father’s side) came from Portugal (Azores). A friend said I could apply for dual citizenship. Just curious if you knew anything about this or who I would talk to to find out. Portuguese consulate?
Pleas make a video of your town in Portugal
The comments … lol. Great video, except the hand-held camera. Lots of reasons PT was so highly rated as a place to live/retire. Certainly taxes were part of it, but that’s as never the sole reason. But certainly, this change will have a huge impact on immigration.
Having some good fun 😉 thanks for the comment
So you are saying that despite your insane tax increase, you actually see the return benefits in real life?
Why would you leave Portugal unless you wanted to? It wouldn't be because of the NHR going away because you would be grandfathered in until your 10 years are up. I'm not sure if you discussed this in previous videos.
Off course you have to integrate, If one goes to a new country, one has to. I lived 7 years in London and I had to integrate otherwise I would not be happy or have friends. If I just wanted to have Portuguese friends I would never leave Portugal. 😉 Having respect for the culture where you live, it is a must! 😊
Ue bom que vais ficar por cá.
Obrigada
Hello! I love your videos. When you want to come to Algarve, you’re welcomed
😎👍☀️
Have you checked out Setúbal? We love it.
Im glad you’re not leaving Portugal
I really love you are not sugarcoating.. it is SO important. There are people moving here, spending many thousands, with the wrong expectations, then trying to leave again or being "stuck". I have had personal conversations with hundreds of "pending" immigrants to give them the balanced view from my perspective, and they simply had no idea of many of the realities. And then those same people will still perpetuate "rainbows and unicorns" to others, so as not to be seen as being critical or whingeing. Even this week I took in a hiker caught in the huge rains of the past week & he had been told that Portugal did not get much rain and only in Jan/Feb; so his whole three week trip was wrecked because he came at the wrong time of the year, and had to leave for Spain. It is simply ridiculous that people are not giving honest feedback on the country, as we see it, to help people make good decisions for them.
By the way, I have land near Óbidos, so if you are in this region, feel free to message me to connect
Some portuguese also like to blame foreigners for the country’s problems and politcally speaking you can see that kind of rethoric coming from both the far right and the far left.
This is so true. Was just talking about this last night
Hi Dave,
What is the name of the law firm you mentioned for visa/residence assistance to expedite our already gathered documents. Thank you.
The worst problem in Portugal is you cannot make a decent living working for a local company. Even if you have a tax break, everyone pays IVA (call it VAT or sales tax), which is 23% and in a lot of goods and services everyone may think are essential. Taxes over revenue are also high and in return, you get very little back: national education and health systems are cracking up, public transportation doesn't work as it should and most of the times their workers are on strike...
The only advantages are food and sunshine, good beaches and countryside - but even that is changing and some places are being literally destroyed to give place to condos for expats... who want to come here because of its beautiful landscape... and tax breaks.
For most Portuguese earning around 1000€/month is not a dream to live in Portugal, when the rents are 700€ or higher.
The demand for housing is making local people's lives miserable and fortunately Portuguese people are patient and control themselves, but they are reaching a point that even patience has a limit and I feel hostility and bad temper growing. What you see as an attack to everyone looking for a tax break is just a Government bandaid to solve a much deeper problem for the local population. Anyway, if you really like Portugal, you can stay and see how it really is to live as a Portuguese with the full package experience. It's challenging.
You Rock...have to scream when coming to Queluz. coffee is on me...
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I really appreciate your honesty in these videos. Also the extensive comments after your no more NHR video gave me a better look at the variety of things a number of Portuguese people are thinking than I've had anywhere. Three years ago I decided I wanted to leave the U.S. though I'd been thinking of it for awhile. I'd already lived in Europe for a number of years in my late 20s. Now I'm well into retirement. Unlike most U.S. expats I see commenting, I don't live in NY or CA or Seattle, and living in Portugal was never going to be much less expensive than staying where I am. But I want to be away from our politics and guns and expensive health care and I very much "want to be an old woman who can walk on the beach." And have good public transit, and be accessible to the rest of Europe. And I love living bi lingually, so the challenge of learning Portuguese never put me off, though knowing it wasn't essential to survive was helpful.
But as we've watched real estate prices soar before our eyes, I've wondered what else could be changing. Is the health care system being over extended? Could the crime be going up as richer people move in and displace locals? Might the kind Portgueuse start to feel a little less kindly toward expats? The comments after your NHR video made me think that all of those are possible. But you're right Dave, the wealth gap is affecting life everywhere.
And I'm in favor of a progressive tax system. How else do transportation and health care get paid for? So we'll still be coming to look around again in April. Thanks again for these
We've moving for the same reasons and are leaving expensive CA for only slightly less expensive Algarve. Your questions are very thoughtful and hopefully, the government is trying new things to correct some of the problems.
Thanks Dave. We're gonna figure it out and retire there early next year. Hope to see you there someday!
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Will the NHR affect people who are coming over on a D7 as l will be a retiree and as far as I'm concerned the country that l will receive my state pension and local government pension from will have no doubt taxed if it does get taxed, so I'm confused about how the NHR issue would affect me.
I'm not an expert in taxes but I think that if your only income is from a pension, you'll be paying a 10% tax on it on top of any tax that you pay at source. Portugal used to offer tax free breaks for pensioners but no longer.
10% is fair because you too will be benefiting from the safety, public services, free healthcare and quality of life that all portuguese are contributing to through their much higher taxes.
The NHR status would not benefit you because it applies a flat tax rate of 20% on all income.
Living in another country, regardless of whether it is a success or not, is immensely enriching. In that sense, if the opportunity arises, always try is my advice. I myself have been living as a Dutchman in Switzerland for many years, and although that seems a safe approach, there is a lot involved, also on a personal level. Learning the language and culture, finding a job, building a social network. But what an enrichment. Although I have no plans to live in Portugal, I find your channel always interesting, especially while you are not sugar coating. Cheers, Ronald.
O ideal será voltares para os E.U., lá é muito melhor! não pagas impostos e tens saúde gratuita!
Para muitos EUA e melhor porque existe melhor oportunidade de trabalho e os salarios sao altos. Impostos todos pagam, so nao paga quem tem renda baixa
Saude gratuita nao existe em lugar nenhum , se recebe gratis e porque alguem esta pagando por isso.Sim e caro nos EUA mas qualquer um que trabalha pode ter seguro privado porque o poder de compra e alto .Em Portugal os impostos sao altos , salarios e poder de compra baixo
Eu sei tudo isso mas só estava a brincar, no inicio era tudo bom em Portugal, agora já não presta! este é o problema de todos os emigrantes em Portugal, depressa se esquecem de como é o país de origem!@@matildesantos4215
Hello from Uruguay. If you're moving to a place to chase tax rates, well, that's what you'll get, until you don't. You have to integrate and enjoy, and understand that you may not have everything you're used to.
Hi Dave, My partner and I have really enjoyed the information you provide in your videos. We almost feel that we can take an early retirement and settle there. Thank you so much for your views and insights into life in PT. We are taking a trip there in November and can't wait to see all the beauty the country holds. We are proactively learning the language, and by the time we are ready to move there in a couple of years hopefully, we won't sound like idiots!! lol. I am a web developer and teach at the local college, and my partner is a programmer. While we are close to retirement age, it is still a few years off. (We may not wait). In your opinion, are there jobs in tech in Portugal? I love teaching programming and would love to continue to do so, even if it was as a volunteer at a school. Again! Thank you for the videos!!
You guys can easily bull of an online business as a programer and a teacher. I live in Canada but am from Austria. I will move to PT with my partner. We scouted PT out in Feb.-March this year and absolutely loved it. I can't stand this north american nightmare anymore.
Fresh Portugal, $3500.00 fee for NHR, did I read that correctly? Whoa!!!
There are a lot of expats living in Terceira and still coming and not just locals that are coming back, have you been to that she specific island yet?
The Portuguese NHR tax regime does not affect americans as much as tax residents from other countries because the US is one of only two countries worldwide that taxes its citizens no matter what country they live in and become a tax resident of. Also, because of the US-Portugal double taxation treaty, americans can claim a Foreign Tax credit on their US tax return for any Portuguese income tax that they paid. Regarding retirees who receive income from pensions, stock capital gains, dividends, interest, etc., under the current NHR regime, they only need to pay portuguese taxes on 10% of private pensions (such as those received from corporations), not on public pensions (such as state, county, city pensions), capital gains, dividends, interest, etc.
… and Social Security income, which is not private
I live in California but my family is from portugal I hope to go there one day and would like to have a house there maybe
Look forward to the future content and your plans. I’m still hoping to move. My plans have been delayed as I have to move some assets before I can go but I’m going for the culture and life for my family not for the money so looking forward to the time when it comes. Life too short. 👍🏾
Ps. I’m learning Portuguese (Portugal iteration) so if I had Babel that’s what I’d do!
Nothing good or bad last forever! The better we accept this the better we transition in life.
I absolutely love Portugal. It is thee best country I've been to, and I've traveled all over the world! But ita not perfect no place is! However I am wondering if you have a business thats registered in the U.S. and you are paid in U.S. dollars do you still have to pay Portuguese taxes as a foreigner considering your business and income is outside of Portugal?
So far as I know, most all Western European countries tax on worldwide income (minus what you may pay in your home country like the US).
@goldvideo so if I pay tax on my income in the U.S. then I shouldn't have to pay taxes again in Portugal yes especially since it's income outside of Portugal and I already pay to my home country in the U.S.
@@sofiamaslanova5758 If you don't have NHR status, then I believe that Portugal has a treaty with the US not to be double taxed. But here's the big issue - and this goes for other countries like Spain as well. Let's say you earn 65K in the US working for a US firm remotely. In the US that is not all that much money in today's society. But in Portugal, you'd be considered rich. So while you would likely pay 33% to the US IRS, your effective tax rate in Portugal would be much higher (again, if you didn't have the NHR) -- more like 46%, so you would end up paying the difference to Portugal. So you're not being double-taxed, but you'd end up paying 13% more because your tax rate would be much higher in Portugal. The NHR status, if you can get it (it's going away soon), would allow you only to pay your US taxes for 10 years ... no additional tax owed to PT except for a flat 10% on pensions.
I know a lot of folks leaving NY for the promised land, Portugal. I feel sorry for that country- it’s like the gold rush is on
Dave if I were you. Don’t sell. Stay in Portugal.. you got it good. ❤ if you have to leave Portugal, then find somewhere else in Europe.
Anyone especially those are retired considering moving to Argentina instead? Muito Obrigado. Muchas gracias.
Portugal is overrated by digital nomads like D. Now they are moving to somewhere else and start the cycles again.
I’ve heard Ohio is the next Bali
I'm very glad to hear that you don't mind paying taxes in a country that provides you with **safety, good services and quality of life**.
Spoken like a true portuguese. ❤💛💚
Some foreign folks seem to think they should be entitled to safety & good quality of life without paying taxes. They just come here for the beer... and tax breaks.
Some of them even go back as soon as they find out there are taxes in Portugal... LOL
The NHR tax status is ending in 2024 but all those already enrolled in it will continue with same terms & conditions till the end of their 10 year NHR status period.
Portuguese taxes are high BUT you can deduct a lot of personal & family expenses from your annual tax bill. Just remember to collect receipts for all bills you pay, with your name & NIF number in them.
Next tax delaration must be submitted online by 30 June 2024, for ALL income received during 2023 in Portugal and abroad.
Maybe you could make a video on taxes???
That might be out of Dave's area of expertise especially with the changes.