Excellent information! I lived in Germany for over 20 years. Many Germans also make Portugal their retirement land of choice. Listening to Raquel confirms many similarities.
Thanks so much! We started a biz in PT, and there are visa options if you are starting a business and will hire local PT residents. Best of luck to you!
This is my first time hearing that I a person living in Portugal and have a business in another country, also need to create a company/business in Portugal. It makes no sense but I will look into it. I recommend others do the same and speak with a tax attorney (preferably one that's recommended by another American) before contacting a "legal consultant" whose business is setting up a business/company for foreigners. "Everything looks like a nail to a hammer."
Fair enough @yeverett4533 but if you have a company in another country but you actively manage it from Portugal, that’s where the problem lies from a tax standpoint. Surrounding yourself with experts (like tax attorneys and consultants) helps you avoid the many pitfalls that someone can fall into as they move to a new country, with unfamiliar laws and requirement. Thanks for watching.
@@TheUnretirees I don't disagree with you. As I stated, one should consult a tax attorney before deciding to set up a second business in Portugal (PT), especially when they will have zero clients/customers in PT and collect €0. Plus one would also need to consider how this will affect them when filing their taxes in the US (they should speak with a US tax attorney before setting up a business in Portugal), and seek advice from more than one tax attorney or consultant because some are only interested in profiting off of US citizens living in PT - hence the reason so many Portuguese are starting businesses that target Americans and are charging American prices. Thanks!
Excellent info, curious to know how long do you need to be working in portugal to collect social security in.portugal if you are 60+? Dawn and Matt you both rock!!!
Thanks for watching. We’re not professionals at this but here me what we see - Portuguese Social Security covers several programs - unemployment, parental leave, minimum income in the case of poverty, etc. some of these benefits require that you have been paying in for at least a year. In the case of “old-age pension”, there is a needs test, so if you have other income you may not be eligible. But the age is 66 and 4 months old working its way up to 67 over the next couple of years.
Excellent information! I lived in Germany for over 20 years. Many Germans also make Portugal their retirement land of choice. Listening to Raquel confirms many similarities.
Thanks @anngelinakoenig-fales4153 and Raquel is excellent. We do seem to have quite a few expats here from Germany!
I am 32 and I am watching this so thank you so much❤
Thanks so much! We started a biz in PT, and there are visa options if you are starting a business and will hire local PT residents. Best of luck to you!
I work in Healthcare and GREATLY appreciate your commitment for urgent treatment.
Thanks for watching!
Tons of information. Absolutely fundamental to start a business here. 🎉
Thanks for watching @amaliaferreira5607 and isn’t Raquel the best!
This is my first time hearing that I a person living in Portugal and have a business in another country, also need to create a company/business in Portugal. It makes no sense but I will look into it. I recommend others do the same and speak with a tax attorney (preferably one that's recommended by another American) before contacting a "legal consultant" whose business is setting up a business/company for foreigners. "Everything looks like a nail to a hammer."
Fair enough @yeverett4533 but if you have a company in another country but you actively manage it from Portugal, that’s where the problem lies from a tax standpoint. Surrounding yourself with experts (like tax attorneys and consultants) helps you avoid the many pitfalls that someone can fall into as they move to a new country, with unfamiliar laws and requirement. Thanks for watching.
@@TheUnretirees I don't disagree with you. As I stated, one should consult a tax attorney before deciding to set up a second business in Portugal (PT), especially when they will have zero clients/customers in PT and collect €0. Plus one would also need to consider how this will affect them when filing their taxes in the US (they should speak with a US tax attorney before setting up a business in Portugal), and seek advice from more than one tax attorney or consultant because some are only interested in profiting off of US citizens living in PT - hence the reason so many Portuguese are starting businesses that target Americans and are charging American prices. Thanks!
Thank you so much.😊 Very valuable information 🤗
Thanks for watching @eischa and for your kind words!
That was very interesting.
Thanks for watching @mirandahorger
Well, at least I don't have to retire and be horribly bored on some golf course. And it explains why the co. salaries/wages are so low in PT.
Thanks for watching @j.phillips6075 and we’d hate for you to be bored! Yes, you may be right that the weight of payroll taxes is a thing for sure.
Excellent info, curious to know how long do you need to be working in portugal to collect social security in.portugal if you are 60+?
Dawn and Matt you both rock!!!
Thanks for watching. We’re not professionals at this but here me what we see - Portuguese Social Security covers several programs - unemployment, parental leave, minimum income in the case of poverty, etc. some of these benefits require that you have been paying in for at least a year. In the case of “old-age pension”, there is a needs test, so if you have other income you may not be eligible. But the age is 66 and 4 months old working its way up to 67 over the next couple of years.
@@TheUnretirees thanks guys great info as always. Take care
HR??
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