Thanks to Sam for taking the time to explain these Golden Visas to us. Thank you for watching this video. Join Sam's free webinar on May 6th: holbornassets.zoom.us/webinar/register/7317134522926/WN_L7kxMEdaRWGlsYeiFqoCqQ
My wife and I were getting ready to take the plunge on Portugal until the NHR blew up and the attitude towards foreign property investors turned chilly. Now we are looking closely at Malta's Permanent Residency program. As US retirees, our pensions and Social Security are not taxed in Malta thanks to the US/Malta tax treaty. English is an official language. We'd have a 5kEuro minimum tax obligation to Malta that we can take as a credit on our US taxes so taxes will be pretty much a wash. If we stay long enough our tax savings will offset the initial payout in fees (which are less if you purchase property in lieu of renting). Malta is a great base for travel - our original motivation for relocating to Europe - it has awesome weather, a booming economy and wonderful people. If only they'd drive on the correct side of the road....
Spanish lawyers in the field predict that it is just a matter of time before Spain's golden visa is put to rest, and that it is going to happen sooner than one thinks. Greece's golden doesn't lead to Greek citizenship as Greece rarely naturalize someone who is not ethnically Greek, again this is from an experienced Greek lawyer who works for a reputable law firm in Athens .
Colleagues and friends of mine just started the process for a Portugal Cultural Golden Visa (donation) yesterday with a law firm in Lisbon. I’m keeping an eye on their experience and we might follow their path.
Very interesting! Keep us posted on that, Gerald. I (Josh) just spoke to someone that did the GV investment fund. That podcast episode should be out in a few weeks. - Josh & Kalie
@@ExpatsEverywhere They were first considering $500K investment route but simply couldn’t come up with the money. Tough call on donating $250K for CGV instead, but that was doable and they are highly motivated to have a Plan B asap. We are in similar position; don’t have enough liquidity at the moment, but might be able to get an assist from father-in-law.
Good idea, we'll try to sort that out. We've been talking to John from Green Ocean Global about it from a financial planning perspective as he's doing his homework on the topic. - Josh
@@ExpatsEverywhere brilliant thank you . Looking to retire to portugal hopefully , if my pension won’t cover it then it may have to be Belize due to the lack of financial restrictions
The only option seems to be St Lucia and Malta. Spain don't want foreigners, Ive heard some stuff about Portugal and Greece regarding foreigner experience.
Great informative video, but I was a bit confused about the Malta Residency description. In general, what is the difference between permanent residency or that of trying to gain citizenship? What freedoms or rights does one have over the other? Does it affect ability to travel to other countries, durations of travel, ability to work in the residing country, tax implications - especially with foreign earned incomes. Apologies for all these questions, but if there is some other video that explains this or website to read, that would be very helpful.
Helpful video! I would love to create a chart showing the benefits of a Golden Visa vs establishing residency (via passive income or digital nomad visas). Seems like the biggest differences are time required in country and ability the to work (in the country of residence)?
Certainly the time in country is a thing, Kathy. It seems like the people we know that have done it have all been motivated by being able to do it now while they can't make the move permanently yet and still have their years counted vs taking early retirement and moving straightaway. So these people are planning to retire in 3-10 years and they're just going ahead and banking the necessary years (at least in Portugal's case). - Josh
Hello, thanks for the video, very informative. got a Question. i Got a restaurant in Portugal with 15+ employees. Where would you recommend i go to sell to the international market? Maybe i could help someone get a golden visa, and me a retirement 🥰😀
That's a great idea. We're not sure though. We haven't heard of a marketplace for businesses however, you're definitely on the right track! Possibly reach out to Sam since that's his industry. Good luck and keep us posted! - Josh & Kalie
I am looking to buy a business in Portugal but I am looking for a healthy return on investment rather than just a way to get residency. Surely the residency is cheery on the cake that I won't like to miss.
These companies charge an arm and a leg to process your application. I would be interested to see a video giving options on different companies their fees and their reputation.
@@ExpatsEverywhere I have contacted Astons and Holborn, their fees are exorbitant. It would be interesting to find local and reputable companies instead of these international firms. Even some local companies charge very high hourly rates similar to US and Canada for lawyer fees for example especially when they smell a foreigner…
Well, they always smell a foreigner with money in this case because a European doesn't need to go this route, you know? We'll keep searching. Have you checked with Nomad Capitalist's rates? - Josh & Kalie
Thank you. Thanks for the love. It seems we did. It wasn't on the list that we used but it does appear to be on other web sources. Thank you for bring that to our attention. What's very unclear is what would happen to that US passport in the eyes of the Spanish because they do allow dual citizenship with Puerto Rico but not the U.S. - Josh
@@ExpatsEverywhere Many people have Dual, Spain and US(Puerto Ricans), Ricky Martin is known to have both, well there must be an exception due to the history, Spanish American War(1898), between US and Spain, and the people of PR and there cultural ties to Spain, PR and Cuba were the first to be granted Autonomous Regions of Spain in 1897
@@jPuma817 Dual national between US and Spain is something that Spain objects with in their immigration law so officially it's only given my special request and not rule.The US is fine with dual nationals. - Josh
They said they have the intention to review it and potentially get rid of it to help fight the affordable housing crisis but around .25% of the purchases during the period when the GV has existed were real estate purchases for the GV. Nothing has been made official in Spain. Many headlines written about it were misleading. It's still possible as of the publish date of this video. - Josh
I have a question. assume i got the Portugal residency card in July 2024. Do i have to stay 7 days minimum first year (i.e. by July 2025) and then 14 days from July 2025 to July 2026 for a total of 21 days, or can i stay 14 days in first year and satisfy requriement until July 2026?
If you are required to only spend one weekend a month in Portugal, does that mean you would not be considered a tax resident and don’t have to file taxes or would have have to file taxes because you would have money invested in a Portuguese business?
As of right now, yes, there's still time. Nothing has been made official. May 6th Sam is doing a webinar about it and he gave us a link to share. - Josh & Kalie
There are some great reasons to go the Portugal route via an investment fund, but it depends on your risk appetite. Spain is more difficult from a tax perspective (should you want to naturalize, also the path to citizenship is not a quick). Taxes and time to EU citizenship will factor into the equation, along with your appetite for investment. 🙂
why don't you guys use Portuguese D7 visa, Latvia 50k Euros GV, Estonia 65k Euros GV/TRC or Slovenia's 75k Euros. They all are worth it and truly cheap. why to waste ur money on these GVS and TRCs
Not sure what you mean, Malik. This is an informational video. We (Josh & Kalie) did use the D7 visa. We also have a video coming out soon where we talk about the Latvian visa. - Josh & Kalie
www.youtube.com/@ExpatsEverywhere What's the validity of these visas ? Can they be renewed permanently or are for limited duration of X number of years.
Thanks to Sam for taking the time to explain these Golden Visas to us. Thank you for watching this video.
Join Sam's free webinar on May 6th: holbornassets.zoom.us/webinar/register/7317134522926/WN_L7kxMEdaRWGlsYeiFqoCqQ
Is there any possibility to convert greece golden visa into citizenship? If yes how ?
My wife and I were getting ready to take the plunge on Portugal until the NHR blew up and the attitude towards foreign property investors turned chilly. Now we are looking closely at Malta's Permanent Residency program. As US retirees, our pensions and Social Security are not taxed in Malta thanks to the US/Malta tax treaty. English is an official language. We'd have a 5kEuro minimum tax obligation to Malta that we can take as a credit on our US taxes so taxes will be pretty much a wash. If we stay long enough our tax savings will offset the initial payout in fees (which are less if you purchase property in lieu of renting). Malta is a great base for travel - our original motivation for relocating to Europe - it has awesome weather, a booming economy and wonderful people. If only they'd drive on the correct side of the road....
Thanks for sharing. Mike! All the best with your potential move and please keep us posted. - Josh & Kalie
@@ExpatsEverywhereIs there any possibility to convert greece golden visa into citizenship? If yes how ?
Spanish lawyers in the field predict that it is just a matter of time before Spain's golden visa is put to rest, and that it is going to happen sooner than one thinks. Greece's golden doesn't lead to Greek citizenship as Greece rarely naturalize someone who is not ethnically Greek, again this is from an experienced Greek lawyer who works for a reputable law firm in Athens .
Is there any possibility to convert greece golden visa into citizenship? If yes how ?
Colleagues and friends of mine just started the process for a Portugal Cultural Golden Visa (donation) yesterday with a law firm in Lisbon. I’m keeping an eye on their experience and we might follow their path.
Very interesting! Keep us posted on that, Gerald. I (Josh) just spoke to someone that did the GV investment fund. That podcast episode should be out in a few weeks. - Josh & Kalie
@@ExpatsEverywhere They were first considering $500K investment route but simply couldn’t come up with the money. Tough call on donating $250K for CGV instead, but that was doable and they are highly motivated to have a Plan B asap. We are in similar position; don’t have enough liquidity at the moment, but might be able to get an assist from father-in-law.
@@GeraldFigal I see, that makes sense. - Josh & Kalie
@@GeraldFigalIs there any possibility to convert greece golden visa into citizenship? If yes how ?
Love to see a video like this based on retirement programs
Same
Good idea, we'll try to sort that out. We've been talking to John from Green Ocean Global about it from a financial planning perspective as he's doing his homework on the topic. - Josh
@@ExpatsEverywhere brilliant thank you . Looking to retire to portugal hopefully , if my pension won’t cover it then it may have to be Belize due to the lack of financial restrictions
The only option seems to be St Lucia and Malta. Spain don't want foreigners, Ive heard some stuff about Portugal and Greece regarding foreigner experience.
Great informative video, but I was a bit confused about the Malta Residency description. In general, what is the difference between permanent residency or that of trying to gain citizenship? What freedoms or rights does one have over the other? Does it affect ability to travel to other countries, durations of travel, ability to work in the residing country, tax implications - especially with foreign earned incomes. Apologies for all these questions, but if there is some other video that explains this or website to read, that would be very helpful.
Is there any possibility to convert greece golden visa into citizenship? If yes how ?
I don't know about Spanish real estate. From what I hear, there are lots of taxes connected to that. Spain also has high income taxes.
That sounds about right. - Josh & Kalie
Great info, Josh!
Glad you think so! - Josh
Very, very interesting for me !!! I'm an EU member passport holder AND an Argentina (ex spanish colony) passport owner. Greetings 👋👋
Thanks for watching! Great to see you. - Josh & Kalie
Good luck hoping for a Greek citizenship (less than 2% naturalization rate) if you are not ethnic Greek and Very Very fluent in Greek.
Is there any possibility to convert greece golden visa into citizenship? If yes how ?
You forgot Puerto Rico 🇵🇷. They are also part of the list for the eligible for 2 years to citizenship.
Yes, you're right! It wasn't on the list we pulled and we're not sure why but it's certainly on other lists and we missed it. - Josh & Kalie
Helpful video! I would love to create a chart showing the benefits of a Golden Visa vs establishing residency (via passive income or digital nomad visas). Seems like the biggest differences are time required in country and ability the to work (in the country of residence)?
Certainly the time in country is a thing, Kathy. It seems like the people we know that have done it have all been motivated by being able to do it now while they can't make the move permanently yet and still have their years counted vs taking early retirement and moving straightaway. So these people are planning to retire in 3-10 years and they're just going ahead and banking the necessary years (at least in Portugal's case). - Josh
Hello, thanks for the video, very informative. got a Question. i Got a restaurant in Portugal with 15+ employees. Where would you recommend i go to sell to the international market? Maybe i could help someone get a golden visa, and me a retirement 🥰😀
That's a great idea. We're not sure though. We haven't heard of a marketplace for businesses however, you're definitely on the right track! Possibly reach out to Sam since that's his industry. Good luck and keep us posted! - Josh & Kalie
I am looking to buy a business in Portugal but I am looking for a healthy return on investment rather than just a way to get residency. Surely the residency is cheery on the cake that I won't like to miss.
Malta has golden visa program that has a citizenship & passport right. You have given less information about Malta.
These companies charge an arm and a leg to process your application. I would be interested to see a video giving options on different companies their fees and their reputation.
It could be an interesting video. Do you have any companies in mind? - Josh & Kalie
@@ExpatsEverywhere I have contacted Astons and Holborn, their fees are exorbitant.
It would be interesting to find local and reputable companies instead of these international firms.
Even some local companies charge very high hourly rates similar to US and Canada for lawyer fees for example especially when they smell a foreigner…
Well, they always smell a foreigner with money in this case because a European doesn't need to go this route, you know? We'll keep searching. Have you checked with Nomad Capitalist's rates? - Josh & Kalie
@@ExpatsEverywhere I did inquire with Nomad Capitalist, they ask around $25k.
@@nadpul happy to speak through on a call! We are based in London
Do these Golden Visas also include Spouse or is it a donation per residency?
it depends on the GV. Spouses should be included. Sam has more information though. - Josh & Kalie
Great video, love your content,on ya list of countries of eligible 2 year Spanish Citizenship ya left out Puerto Rico(US Passport Holders)
Thank you. Thanks for the love. It seems we did. It wasn't on the list that we used but it does appear to be on other web sources. Thank you for bring that to our attention. What's very unclear is what would happen to that US passport in the eyes of the Spanish because they do allow dual citizenship with Puerto Rico but not the U.S. - Josh
@@ExpatsEverywhere Many people have Dual, Spain and US(Puerto Ricans), Ricky Martin is known to have both, well there must be an exception due to the history, Spanish American War(1898), between US and Spain, and the people of PR and there cultural ties to Spain, PR and Cuba were the first to be granted Autonomous Regions of Spain in 1897
@@jPuma817 Dual national between US and Spain is something that Spain objects with in their immigration law so officially it's only given my special request and not rule.The US is fine with dual nationals. - Josh
I thought Spain cancelled the real estate purchase option for their golden visa last month.
They said they have the intention to review it and potentially get rid of it to help fight the affordable housing crisis but around .25% of the purchases during the period when the GV has existed were real estate purchases for the GV. Nothing has been made official in Spain. Many headlines written about it were misleading. It's still possible as of the publish date of this video. - Josh
I have a question. assume i got the Portugal residency card in July 2024. Do i have to stay 7 days minimum first year (i.e. by July 2025) and then 14 days from July 2025 to July 2026 for a total of 21 days, or can i stay 14 days in first year and satisfy requriement until July 2026?
Hi, thanks for the question. Could you please email Kalie at info@expatseverywhere.com and we'll try to get an answer for you. - Josh
Which one you recommend for someone from India in terms of feasibility to acquire the passport overtime ..
Hi . Can you share your number. Im from india also interested in GV.We can discuss
If you are required to only spend one weekend a month in Portugal, does that mean you would not be considered a tax resident and don’t have to file taxes or would have have to file taxes because you would have money invested in a Portuguese business?
One week a year. You need to spend 6 months in order to be a tax resident
@@macaccount4315 So no need to file taxes in Portugal for those 5 years?
@@antoinemoore2332 not if you are under the 180 days. Enjoy PT
15 months is completely inaccurate. Most wait 3-4 years. That is a gross misstatement.
.y husband is Portuguese passport holder but we are living in Pakistan.
Can i get passport?
I’ve heard that you do NOT get Greek citizenship unless you are ethnic Greek .
Can anyone confirm this. Lawyer above comment agrees with you. Would be good to get different ideas
Why isn’t Puerto Rico on the list.
Is there enough time to get Spain Golden Visa ? It's seems that Governement is on the way to change the rules.
As of right now, yes, there's still time. Nothing has been made official. May 6th Sam is doing a webinar about it and he gave us a link to share. - Josh & Kalie
There are some great reasons to go the Portugal route via an investment fund, but it depends on your risk appetite. Spain is more difficult from a tax perspective (should you want to naturalize, also the path to citizenship is not a quick). Taxes and time to EU citizenship will factor into the equation, along with your appetite for investment. 🙂
15 months processing for Portugal GV.
Definitely not.
30 months if you are lucky.
December 2021 applicants are still being processed.
why don't you guys use Portuguese D7 visa, Latvia 50k Euros GV, Estonia 65k Euros GV/TRC or Slovenia's 75k Euros. They all are worth it and truly cheap. why to waste ur money on these GVS and TRCs
Not sure what you mean, Malik. This is an informational video. We (Josh & Kalie) did use the D7 visa. We also have a video coming out soon where we talk about the Latvian visa. - Josh & Kalie
@@ExpatsEverywhere then its fine, i thought if u guys are also as same as others, just their to eat people's hard earned money!
@@MalikTalhaSamander Gotcha. Take care. - Josh & Kalie
www.youtube.com/@ExpatsEverywhere What's the validity of these visas ? Can they be renewed permanently or are for limited duration of X number of years.
Disappointed. Whhat a change in the last couple years. Doesn't seem worth it. Sad
How can we fk over the local population not pay taxes and make most money xD
Don't invest in real state in spaim
Why ?
@@cedricporsenna There is a bad law with thieves having the right to reside in your home