Best Country for Trading (Tax efficiency)
- Thread starter ET873
- Start date
Yes it has. But these people do not pay a lot of taxes, they spent a lot of money in the local economy and gave a boost to the higher real estate housing market.
There was even a moment that Portugal wanted to put a quota on it to limit the immigration. Especially from the Far East there was a lot of interest. Many times combined with golden visa which enables these people to travel more easily to and in Schengen.
PWC is not just a small fiscal advisor. If they write it, they should be able to get a confirmation from Portugal. And then you are covered.
Does anybody speak any English there? Or do you speak Latvian?
I don't speak Latvian (can only read some), but can manage with a limited Russian if I have to. I basically speak only English here. All young people speak very good English, but of course those over 35 don't speak much English. I'll probably move in late 2016, so hence no point in putting in a lot of resources learning Latvian, a language of 1 million people. If you are going to live here for a very long time, it's probably wise to learn Russian or Latvian.
Where will you be moving to?
Not sure where to move. I'm Norwegian, but not moving there. Need to find a place where I can learn the language, have a decent life and with acceptable tax rate. Of all the places I have been to it's Malta, Uruguay and New Zealand that is most tempting. I want to live in a small country. I'm divorced so don't have any "burdens" to carry with me.