Portugal's PM claims the country may close its Golden Visa to new applicants. Golden Visa applications will become much harder in 2023. But you still have time to apply. Contact us at help@nomadcapitalist.com and we will create for you a holistic plan B tailored specifically to your needs and will execute it from A to Z.
Great country but it's almost f*сking impossible to solve any issues with the immigration office. Also regarding banking - once you miss a compliance call from the bank your funds will get stuck for weeks (MilleniumBCP). If you get involved with the country be sure to have patience, and I am talking months of waiting for something simple to get resolved. Also note that there will be crypto taxes starting 2023. All decent properties, houses and villas with 3/5 build quality are worth 1.5m+
That's fantastic to hear! Exploring new countries and cultures can be incredibly rewarding. If you ever need assistance or guidance as you plan your move, feel free to reach out to us: nomadcapitalist.com/apply/
With the D7 Visa for Freelancers, the caveat that they don't like to advertise is that you must earn 4 times the minimum wage of Portugal per month (€2800) for them to approve your visa application.
You must update your information regarding Golden Visa, because has been announced that soon will be reviewed by the government and most probably eliminated pretty soon
I have been looking into moving here for almost 2 years, it's not easy. It's a shame so many Americans are looking to leave their homeland because of gov't corruption.😞
It's not because of government corruption; it's because most other Americans are stupid, ignorant, blindly patriotic (even self-effacingly so), insular, and politically tribal, and the smart ones are sick and tired of this nonsense, so they want to leave.
California is also overtaxed, super expensive and run by a progressive-woke crowd who want to take away your basic rights. And they get voted in by a 65%-35% margin every election. Hundreds of buisnesses and hundreds of thousands of people are leaving California.
I'm considering Portugal. I am a veteran who receives VA disability in the US. I looked into Colombia but they have some stringent guidelines when it comes to mental health.
Have you followed up on wether your allowed to get residence? Does that deny you? How much are you counting on as income to make the move there? Also veteran
@@richardblasco7791I want to know your best options. If EU is like 27 or 28 countries and you could do business freely and live anywhere , isn’t that the best option ??
I loved this video with even more details as promised since Andrew's announcement. I believe the video could be more entertaining at the same time it has this great content value. Maybe having the team training more in front of the camera could make not only a great content video, but also entertaining as I enjoyed Andrew's laughs and stories from time to time. This has been amazing anyway and perfect timing since I'm considering Portugal for a nex move.
Ideal California weather😂. Y'all know California is more than just Los Angeles? Winter Olympics were held in Lake Tahoe and the Marines have cold weather training in Bridgeport. It snows a lot in California, seems like Portugal is just the right type of climate
Dear Normad Capitalist channel, can you tell me from your perspective, if it is worth it to get German citizenship? and another question, that just come out, between the Canadian and the German, which would be worth it to have it first ?
In portugal people from India, Bangladesh and Pakistan buy Portuguese passport and driving license with money. Then they go to Switzerland. How it’s possible for a European country let this kind of things to happened! Danger in road!!!
If you've got EU citizenship,go and buy a cheap ass house rhere with tonnes of land Five years late get citizenship Despite the ridiculous bureaucracy,the people are friendly,the service is good and it has some tax benefits compared to other European countries Despite the cons, and there are many (inefficient bureaucracy, ridiculous regulations) overall it's a good move
The Portuguese Golden Visa Program has found its place in Budget proposals for 2023, so if they are actually thinking about closing the program, 2024 will be the year. So it's better to apply now
Not yet cancelling, but the process of receiving and re- newing GV takes ages - move than year now as minimum, with no limit for SEF to keep you waiting..2 years.. 3 years? Nobody knows.. And SEF not answering to inquiries and letters.. Reality is that Portugal is not welcoming people who invested substantial money into it's economy, and treat them very badly.. current situation is simply unbelievable.. do not recommend GV to anyone currently
Impressive quality of current information, delivered in a clear, concise manner; without sacrificing good flow and order of content. Jelena Sivcev did a great job! I look forward to seeing her skills continue to develop and grow as she brings us more content of this caliber.
Thanks for the info. I was wondering if it was possible to come on a digital nomad visa and then get citizenship after renewing it and living in Portugal for 5 years?
Er, I don't think Portugal is Europe 's oldest nation state. Hey, i like the place & one country I have ties with helped it beccome a country / nation. Really, I do hope due diligence is followed elsewhere just as carefully like Van Halen's rider.
we are. The modern concept of nation state implies a centralized authority with exclusive rights to impose certain powers. The creation and imposition of laws, taxation, currency, etc. Portugal was the first country where all these powers were the exclusive right of the sovereign. Other countries had feudal systems were those powers were spread over several institutions. Local nobles applied local laws and minted coins locally, the church had jurisdiction over certain aspects of societal norms (marriage and inheritance).
@@sharkmiguel Quite right. No Spanish citizenship application can be made before 10 years residence, except for people from former colonies (think their wait is 2-3 years)
My father was born in Lisbon m any years ago but moved to the USA. Hid father stayed in Lisbon. I would like to get a citizenship with Portugal can u help?
@@ChocBomb Thanks! Just to confirm my understanding. I can stay anywhere in Schengen area to maintain my D7 temporary residency as long as I do not stay outside Portugal for 6 consecutive months. This mean I can stay outside of Portugal more than 6 months a year as long as those 6 months not consecutive over a 2 year period? How about after the first 2 years? As a world traveler, how would you or how could I maintain the residency to get the citizenship while traveling around the world?
As a Spanish passport holder, you should be aware that the European Union (EU) allows for the free movement of people and goods. Both Portugal 🇵🇹 and Spain 🇪🇸 are EU 🇪🇺 countries.
My apologies if I missed it, but what's involved in getting a permanent residence visa, and thereafter, to maintain it, like any presence requirements? Thanks.
If you're talking about the D7 "passive income" visa, then you have to be in Portugal for six consecutive months, or eight months out of twelve. Note that you become a "tax resident" in Portugal after 182 days in the country in a year, but there is a tax treaty between Portugal and the United States so there's no double taxation.
She mentioned the language element, which if you can't look permanent residence requirements up on the internet, you won't be able to learn in 10⁹ years.
@@mrsith1402 That would be for citizenship. The A2 level is high beginner. One of the sample questions I saw on the test at the A2 level involved reading an ad for an apartment rental and getting information about the apartment, such as how many bedrooms were in the unit and if there was an elevator in the building. It is estimated it would take about 300 hours of study assuming you didn't know any Portuguese beforehand to reach the A2 level. The Portuguese government offers free language classes to foreigners so they can learn.
We help our clients to choose the most optimal program for them, help with making the investment, collect and submit all the necessary paperwork, help with bank account opening; and make sure the clients are aware of the time it is necessary to spend in the country to be eligible for the citizenship
If I am rich why should I apply for any GV or second citizenship, I could apply for an American visa and with time get the green card which it gives me the entrance for many countries around the world.
You need to be super rich to apply for a US visa and in return, you will get citizenship where you will be taxed on your total income in US. So the tax implications of US citizenship are grave. Also if you are rich you want to live in a reasonably safe country.
It's simply incorrect: Portugal has some of the worst healthcare I have ever seen. They pay senior doctors a whopping €15 / hour as consultants. They don't take accountability whatsoever. When you escalate a complaint to the top - you get a standard letter stating the facts of your complaint and says it's down to a computer error that the people at the hospital take no accountability. I thought it was a joke, but got an identical letter the second time I complained. It's impossible when the hospital makes mistakes that could mean life or death to even speak to a manager/director at the hospital. A fluent bilingual translator could do nothing to help. The knowledge the doctors has was the way they operated in the medical industry in the 80's. I would not want to get sick in this country and will avoid Portuguese medical help at all costs. I rather travel to see a qualified person outside the country.
what a shame you've had such poor experiences. Many people (non-Portuguese) that I know have had good experiences. Perhaps it's the difference with you coming from within the EU/UK and those in the US where healthcare is horrendous, unless you are wealthy.
@@JenShea If nothing serious is wrong with you, you will be treated fine and quickly on private options... But it's no golden standard is all I try to say :)
Maybe 10 years ago, Portugal would have been a good idea. But it’s fast becoming just another overrated European legacy name brand. Despite all its social issues, Mexico is still a better, lower cost option with an easier language to learn. ¡Viva México!
@@rcc8506 If you stay away from the trouble spots and border towns, you'll be just as safe as (or safer than) any major U.S. city. The cartels mainly shoot each other, not tourists unless they happen to be in an area under dispute.
I suspect it's people like her who are doing the research, working directly with the clients and telling Andrew what to say. So perhaps you should be a little less of a presumptuous prig.
Jelena Sivcev is our strategy manager with years of experience. She is very knowledgeable in this topic, and has helped hundreds of clients to create and implement their holistic plan to go offshore, relocate overseas, legally reduce tax bill, and obtain second citizenship. Contact us at help@nomadcapitalist.com or go to nomadcapitalist.com/apply so Jelena and Nomad Capitalist team would help you also.
YO whats up with the crypto stuff in portugal??? no more crypto tax free? have seen they wanna do 28% on profits?? if you sell under one year (same like germany??) whats the actual status? is it allready like this?
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
Portugal's PM claims the country may close its Golden Visa to new applicants. Golden Visa applications will become much harder in 2023. But you still have time to apply.
Contact us at help@nomadcapitalist.com and we will create for you a holistic plan B tailored specifically to your needs and will execute it from A to Z.
Great country but it's almost f*сking impossible to solve any issues with the immigration office. Also regarding banking - once you miss a compliance call from the bank your funds will get stuck for weeks (MilleniumBCP). If you get involved with the country be sure to have patience, and I am talking months of waiting for something simple to get resolved. Also note that there will be crypto taxes starting 2023. All decent properties, houses and villas with 3/5 build quality are worth 1.5m+
truth
In the nicer part of Lisbon (cascaise) 1.5 will get you a nice 2 bedroom apartment with a view.
Henri … I’d love to disagree with that … but it’s spot on.🎯
@@beng7004It's Cascais.
Just got my residency! Portugal is awesome
Are you usa citizen? How bad is the process for residency? Do you have to get work visa first?
Great video! I'm planning to Leave America In the future. Cant wait to Explore this wonderful country!
That's fantastic to hear! Exploring new countries and cultures can be incredibly rewarding. If you ever need assistance or guidance as you plan your move, feel free to reach out to us: nomadcapitalist.com/apply/
Great place for a holiday. To live it’s a different story. Don’t believe the hype.
Why do you say this?
Portugal is great and nice video but the wait times for bureaucratic processes on even simple things in PT are so much longer than you can imagine.
With the D7 Visa for Freelancers, the caveat that they don't like to advertise is that you must earn 4 times the minimum wage of Portugal per month (€2800) for them to approve your visa application.
not much though
D7 is not the digital nomad visa....You are confusing things. Get a portuguese specialized lawyer, like me...
@@doutormulta7604did you move to Portugal for residency ?
You must update your information regarding Golden Visa, because has been announced that soon will be reviewed by the government and most probably eliminated pretty soon
There's still time left to apply
I was saying the same thing
Such a fine lady with beautiful accent.
Any of my friends who have traveled to Portugal 🇵🇹 really loved it.
Great video but misleading title - almost none of this video has to do with naturalization and citizenship
I have been looking into moving here for almost 2 years, it's not easy. It's a shame so many Americans are looking to leave their homeland because of gov't corruption.😞
It's not because of government corruption; it's because most other Americans are stupid, ignorant, blindly patriotic (even self-effacingly so), insular, and politically tribal, and the smart ones are sick and tired of this nonsense, so they want to leave.
You mean capitalism.
I understand. Are you still looking a way?
@@cris9soaresI m planning to do the paperworks and move there with a D7 visa , I work in the Middle East where they don’t give citizenship
@@Muhayyo666 you need contacts. You want to know how it works?
Thanks for the info, you speak your ideas coherently i understand it more. i hope that you continue to do this so in future videos
OMG! Be still my heart! Jelena could sell me anything ;-)
Mountains in california get snow too! California has an even more diverse landscape/climate than rectangle country.
California is also overtaxed, super expensive and run by a progressive-woke crowd who want to take away your basic rights. And they get voted in by a 65%-35% margin every election. Hundreds of buisnesses and hundreds of thousands of people are leaving California.
I'm considering Portugal. I am a veteran who receives VA disability in the US. I looked into Colombia but they have some stringent guidelines when it comes to mental health.
I'm brazilian so we have some benefits as members of CPLP. Already applied for the job seeker visa.
Have you followed up on wether your allowed to get residence? Does that deny you? How much are you counting on as income to make the move there? Also veteran
@@sharkboyjuan in Colombia or Portugal?
@@sharkboyjuan I am 100% p and t. So I'm relying on that and then I get also rent out my home in the US.
@@broadcastdave portugal is my intent on relocation.. your set with 100. Have you been there? Have you applied for the D7?
Sorry don’t want to be apart of the EU.
Where do you want to go then
Agreed. It’s my last option.
@@xotwod3254 I didn’t? Andrew must have? They don’t like me rambling on.
@@richardblasco7791 so what is your first option?
@@richardblasco7791I want to know your best options. If EU is like 27 or 28 countries and you could do business freely and live anywhere , isn’t that the best option ??
I loved this video with even more details as promised since Andrew's announcement. I believe the video could be more entertaining at the same time it has this great content value. Maybe having the team training more in front of the camera could make not only a great content video, but also entertaining as I enjoyed Andrew's laughs and stories from time to time. This has been amazing anyway and perfect timing since I'm considering Portugal for a nex move.
Ideal California weather😂. Y'all know California is more than just Los Angeles? Winter Olympics were held in Lake Tahoe and the Marines have cold weather training in Bridgeport. It snows a lot in California, seems like Portugal is just the right type of climate
Good video. Thank you.
Great information. Thank you!
Great job. Enjoying the channel. Tks for sharing.
Dear Normad Capitalist channel, can you tell me from your perspective, if it is worth it to get German citizenship? and another question, that just come out, between the Canadian and the German, which would be worth it to have it first ?
Golden visa may be ending soon so more update on the digital visa instead
In portugal people from India, Bangladesh and Pakistan buy Portuguese passport and driving license with money. Then they go to Switzerland. How it’s possible for a European country let this kind of things to happened! Danger in road!!!
Hi very well explained ❤
Glad you liked it.
islamic? Don't come to portugal never your plague
Great video! Interesting content.
My Great Grandfather moved from Madera to Hawaii in the 1800’s. How can I get citizenship in Portugal 🇵🇹
My mum from Madeira, normally u can get citizenship from a parent not sure about grandparent
If you've got EU citizenship,go and buy a cheap ass house rhere with tonnes of land
Five years late get citizenship
Despite the ridiculous bureaucracy,the people are friendly,the service is good and it has some tax benefits compared to other European countries
Despite the cons, and there are many (inefficient bureaucracy, ridiculous regulations) overall it's a good move
I thought they were exiting the CBI program.
The Portuguese Golden Visa Program has found its place in Budget proposals for 2023, so if they are actually thinking about closing the program, 2024 will be the year. So it's better to apply now
Mucho mejor., Animo
They are canceling golden visa
You still can apply
Not yet cancelling, but the process of receiving and re- newing GV takes ages - move than year now as minimum, with no limit for SEF to keep you waiting..2 years.. 3 years? Nobody knows.. And SEF not answering to inquiries and letters.. Reality is that Portugal is not welcoming people who invested substantial money into it's economy, and treat them very badly.. current situation is simply unbelievable.. do not recommend GV to anyone currently
@@TB-ow3sv you are absolutely right.
Wow, this lecture is describing Portugal as a European version of California, so why did they deserte this country right away?
Impressive quality of current information, delivered in a clear, concise manner; without sacrificing good flow and order of content. Jelena Sivcev did a great job! I look forward to seeing her skills continue to develop and grow as she brings us more content of this caliber.
Thanks for the info. I was wondering if it was possible to come on a digital nomad visa and then get citizenship after renewing it and living in Portugal for 5 years?
Nice hair highlights :)
how can turn off 2x play speed?
Do they allow retired individuals to move their permanently ?
Sure!
You forgot the circumcision visa
Er, I don't think Portugal is Europe 's oldest nation state.
Hey, i like the place & one country I have ties with helped it beccome a country / nation.
Really, I do hope due diligence is followed elsewhere just as carefully like Van Halen's rider.
we are. The modern concept of nation state implies a centralized authority with exclusive rights to impose certain powers. The creation and imposition of laws, taxation, currency, etc. Portugal was the first country where all these powers were the exclusive right of the sovereign. Other countries had feudal systems were those powers were spread over several institutions. Local nobles applied local laws and minted coins locally, the church had jurisdiction over certain aspects of societal norms (marriage and inheritance).
Spain is the new Portugal.........
Sure, but you’ll never get citizenship unless you give up all others. Unless you’re Portuguese or Latin American.
@@sharkmiguel Quite right. No Spanish citizenship application can be made before 10 years residence, except for people from former colonies (think their wait is 2-3 years)
Why?
Sorry Portugal is about to abolish the golden visa
I just heard the golden visa is going away?
There's still time to apply
It is makes no sense to apply because it already took one year and u will wait for nothing
I can help in another process
💥💥💥 *Does Portugal allow dual nationality with USA ?*
*Can I be a dual national of USA and Portugal ??*
Absolutely, as long as you meet the citizensship requirements. So, yes dual citizensship is allowed.
My father was born in Lisbon m
any years ago but moved to the USA. Hid father stayed in Lisbon. I would like to get a citizenship with Portugal can u help?
Yelena looks and sounds so cute 🥰
A2 Portuguese 🇵🇹 language is not easy .
Is it good option to start a business there???
@@cris9soares let's go
Video start at 3:34
Can I stay anywhere in Schengen area for 6 consecutive months to maintain D 7 residency?
What did you mean by 8 to 9 months? 8 to 9 months in 5 years?
@@ChocBomb Thanks! Just to confirm my understanding. I can stay anywhere in Schengen area to maintain my D7 temporary residency as long as I do not stay outside Portugal for 6 consecutive months.
This mean I can stay outside of Portugal more than 6 months a year as long as those 6 months not consecutive over a 2 year period?
How about after the first 2 years?
As a world traveler, how would you or how could I maintain the residency to get the citizenship while traveling around the world?
@@ChocBomb
I'd count on passport in hand at 7 years at the earliest, with 8 being more likely.
@@bennyhanna6isn’t it 5 ?!?!?
Can I move to Portugal with a Spanish passport?
As a Spanish passport holder, you should be aware that the European Union (EU) allows for the free movement of people and goods. Both Portugal 🇵🇹 and Spain 🇪🇸 are EU 🇪🇺 countries.
My apologies if I missed it, but what's involved in getting a permanent residence visa, and thereafter, to maintain it, like any presence requirements? Thanks.
If you're talking about the D7 "passive income" visa, then you have to be in Portugal for six consecutive months, or eight months out of twelve. Note that you become a "tax resident" in Portugal after 182 days in the country in a year, but there is a tax treaty between Portugal and the United States so there's no double taxation.
She mentioned the language element, which if you can't look permanent residence requirements up on the internet, you won't be able to learn in 10⁹ years.
@@mrsith1402 That would be for citizenship. The A2 level is high beginner. One of the sample questions I saw on the test at the A2 level involved reading an ad for an apartment rental and getting information about the apartment, such as how many bedrooms were in the unit and if there was an elevator in the building. It is estimated it would take about 300 hours of study assuming you didn't know any Portuguese beforehand to reach the A2 level. The Portuguese government offers free language classes to foreigners so they can learn.
@@tomsmith5584as a person working in Middle East , I m interested to apply for D7 visa . I think it’s a good option for me
What kind of accent is that? It sounds more Slav than Portuguese...
Tell me how to investment in D7 family visa
How can you help applicant to achieve this ?
We help our clients to choose the most optimal program for them, help with making the investment, collect and submit all the necessary paperwork, help with bank account opening; and make sure the clients are aware of the time it is necessary to spend in the country to be eligible for the citizenship
@@nomadcapitalist what is the recommended time to stay during the whole 5 years ?
If I am rich why should I apply for any GV or second citizenship, I could apply for an American visa and with time get the green card which it gives me the entrance for many countries around the world.
You need to be super rich to apply for a US visa and in return, you will get citizenship where you will be taxed on your total income in US. So the tax implications of US citizenship are grave. Also if you are rich you want to live in a reasonably safe country.
I from India just want to move Portugal with Family
I can help you
@@cris9soares how???
You just need to contact me
Or how can I contact you
@@puneetkhanna3994 how can I contact you?
It's simply incorrect:
Portugal has some of the worst healthcare I have ever seen.
They pay senior doctors a whopping €15 / hour as consultants.
They don't take accountability whatsoever.
When you escalate a complaint to the top - you get a standard letter stating the facts of your complaint and says it's down to a computer error that the people at the hospital take no accountability. I thought it was a joke, but got an identical letter the second time I complained.
It's impossible when the hospital makes mistakes that could mean life or death to even speak to a manager/director at the hospital. A fluent bilingual translator could do nothing to help.
The knowledge the doctors has was the way they operated in the medical industry in the 80's. I would not want to get sick in this country and will avoid Portuguese medical help at all costs. I rather travel to see a qualified person outside the country.
I got great public healthcare at a hospital in Thailand. I needed surgery and anaesthetic for a cost of 100 baht (approx. 2 euro)
@@HunkyMan777 Many other countries have great healthcare... I'm purely talking about Portugal... The 40+ doctors I've met - I'm not impressed.
@@HyggeJourney New Zealand also has a health system in crisis
what a shame you've had such poor experiences. Many people (non-Portuguese) that I know have had good experiences. Perhaps it's the difference with you coming from within the EU/UK and those in the US where healthcare is horrendous, unless you are wealthy.
@@JenShea If nothing serious is wrong with you, you will be treated fine and quickly on private options...
But it's no golden standard is all I try to say :)
for the ones commenting here that are already based in portugal, in which cities are you ¿? thx
U r beautiful ❤️
Wasn’t Portugal dead?!? Ahahahah
Maybe 10 years ago, Portugal would have been a good idea. But it’s fast becoming just another overrated European legacy name brand. Despite all its social issues, Mexico is still a better, lower cost option with an easier language to learn. ¡Viva México!
So true
@@rcc8506 If you stay away from the trouble spots and border towns, you'll be just as safe as (or safer than) any major U.S. city. The cartels mainly shoot each other, not tourists unless they happen to be in an area under dispute.
$15000 euro per month in passive income like dividends? Didnt realize was so high. Dang
Nah. That's for 12 months: €1250 per month
@@grant5059
Lol. Thx. I should have realized that.
Too bad she is just reading off a screen and doesn’t really know what she is talking about… I miss Andrew already…
I suspect it's people like her who are doing the research, working directly with the clients and telling Andrew what to say.
So perhaps you should be a little less of a presumptuous prig.
Jelena Sivcev is our strategy manager with years of experience. She is very knowledgeable in this topic, and has helped hundreds of clients to create and implement their holistic plan to go offshore, relocate overseas, legally reduce tax bill, and obtain second citizenship. Contact us at help@nomadcapitalist.com or go to nomadcapitalist.com/apply so Jelena and Nomad Capitalist team would help you also.
🦓💨🇪🇺
No political power
My parents are Portuguese so it was super easy to get mine
YO whats up with the crypto stuff in portugal??? no more crypto tax free? have seen they wanna do 28% on profits?? if you sell under one year (same like germany??) whats the actual status? is it allready like this?
Is there still no tax on crypto or passive income from crypto staking?