Why Portugal’s Tax Deal is Bad for Millionaires

Join Our Email List and be the First to Hear about Breaking News and Exciting Offers <br>https://nomadcapitalist.com/email <br> <br>Get on the waiting list and join us for the next Nomad Capitalist Live: <br>www.nomadcapitalist.com/live/ <br> <br>Portugal has what is called a non-habitual residence (NHR) tax regime. In effect, it is a program that allows qualifying individuals the opportunity to become tax residents of a “white-listed” jurisdiction and still legally eliminate their taxes on most foreign-source income. <br> <br>The tax residency is good for 10 years and does not come with the typical obligation that you visit or live in Portugal for part of the year to maintain your tax resident status there. <br> <br>The biggest draw of the program is the opportunity to reduce your income tax to zero. <br> <br>Is it a good deal for everyone? <br> <br>In this video, Andrew explains why Portugal’s tax deal is bad for Millionaires. <br> <br>00:00 Start <br>0:22 Portugal's NHR Program <br>2:00 Tax Reduction Options in Europe <br>4:53 Living in Europe <br>6:07 Living in Portugal <br>7:19 Living in Ireland <br> <br>The Nomad Capitalist is the world's most sought-after expert on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to &quot;go where they're treated best.&quot; <br> <br>Work with Us: https://nomadcapitalist.com/apply/ <br> <br>Nomad Capitalist has created and implemented plans for 1000+ clients and helped them to go offshore, keep more of their wealth, and enjoy an unprecedented level of global freedom. Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. We've built our team around our holistic approach to serving the needs of globally-minded entrepreneurs and investors. <br> <br>Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort. <br> <br>About Andrew: https://nomadcapitalist.com/about/ <br>Our Website: http://www.nomadcapitalist.com <br>Subscribe: https://www.youtube.com/subscr....iption_center?add_us <br>Buy Andrew's Book: https://nomadcapitalist.com/book/ <br> <br>DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.