Portugal wants you

[patek643]

You didn't understand a word I said. If the authorities know you're in Portugal, have your address and your bank account information, that's all they need. In any case, the non-EU brokerage will share information (CRS) with the EU. So, good luck with that.

You clearly have critical reading problems among others. Are your parents related? Is that why you have such a hard time understanding?

I already said the Portuguese authorities would have an individual's address on file. They will know that on account of your legal visa status that is non tourism.

How would the non EU brokerage share information to the EU if the non EU brokerage doesn't know you are in the EU?

I reiterate my statement: you clearly don't know shit.

 

[patek643]

IB is passing on all information they have on you as client to the country from which your nationality is, or where you are domiciled. As you can not say that you don't live anywhere, you have to give an address.
Read this: https://ibkr.info/article/2784

CRS is a system used by a lot of countries (actually over 100 countries) to transfer all financial information from you to your native country on a yearly basis. So opening an account in another country and hoping that the country where you are domiciled will not find out is an illusion.
Read the document in attachment.

If you live nowhere more than 6 months, and think you are therefore nontaxable you are wrong. In that case the country from which you have the nationality will receive all the information and tax you.

https://www.oecd.org/tax/automatic-exchange/crs-implementation-and-assistance/crs-by-jurisdiction/

True. However there are very big loopholes. In fact, your links outline them.

Therotically you can open a bank account in another coutry. But when I tried that(living in EU, trying to oppen in another EU country) it was refused by the bank. In general they want you to be domiciled in their country. When I finally moved to that country it was no proibelm anymore. That was my practical experience. So you can open, but banks are not obliged and can refuse.

I have the opposite experience. No issues at all. DM me if you need help.

 

[d08]

You clearly have critical reading problems among others. Are your parents related? Is that why you have such a hard time understanding?

I already said the Portuguese authorities would have an individual's address on file. They will know that on account of your legal visa status that is non tourism.

How would the non EU brokerage share information to the EU if the non EU brokerage doesn't know you are in the EU?

I reiterate my statement: you clearly don't know shit.

Good luck with your "they can't find me" adventures.

 

[patek643]

Good luck with your "they can't find me" adventures.

Thanks. I noticed you never answered my question here:

https://www.elitetrader.com/et/posts/5483021

or here for that matter:

https://www.elitetrader.com/et/posts/5483015

It's because you cannot since you don't know shit. Good luck with your Dunning Kruger adventures.

 

[Maverick2608]

Complete nonsense by you. Your syphilis is attacking hard today?

Why are you bringing up Cyprus since the topic in this thread is about moving to Portugal? What does Cypriot companies having physical holdings in Cyprus have anything to do with taxation and residency in Portugal?

You are so full of shit you can't even stay on topic.

Couldn't we make a board only for the serious members that have been discussing and posting here for years, so we don't have to put up with this?

 

[stonedinvestor]

Sintra is very cool. I went up along and windy road in the fog and emerged in monkey god palace. Then we went down the wrong way on some private property and saw some amazing carvings water works etc. The tile is very good. I Brought two antique tiles home. The Algrave beach area is a tad weird... I could go on. I could live in Sintra though. Good gardening.

 

[Windlesham1]

Ie. much like the US under this libtard Biden and his leftist-marxist "govt" gang...

Get out of your mum's basement and see the good that Biden has done after your orange turd's low IQ shitshow. Retardicans are appalling, criminal racist fascist misogynist losers -allegedly

 

[Rui S]

https://www.reddit.com/r/path%3D%252Fr%252Fdigitalnomad%252Fcomments%252Fqjs5lf%252F

Hello all.

I very rarely write in forums.

I was reading this thread out of curiosity.

I am a 55 year old Portuguese citizen living in Portugal, was born and lived for 35 years full time in Lisbon and since 20 years ago I have been living in Algarve most of the time and some time in Lisbon.

So let me save you some time and help on your decision:

If you are searching for a country that:
- Has good weather most of the time;
- Has a profound "caviar" socialist mentality;
- Has union organized strikes every other day and paralise everything you can imagine;
- Has one of the highest levels of corruption;
- Has one of the lowest productivity levels per capita;
- Has a giant public and private depth and is often sinking like the Titanic (with the music still playing and all the new rich complex) and always needing to be bailed out every few years, just to get to the same situation again and again;
- With a health care service (public and private) getting worse and worse by the day, where people have to wait months / years for a doctor's appointment and / or urgent surgery (too many die just waiting...);
- With public services that would shame any developed society;
- With one of the highest (real) fiscal tax load in the world (disguised all over the place);
- Is currently governed by shameless people that will tell you whatever you want to hear to get your vote and will promise you one thing just to do the exact opposite, lying with all their teeth;
- That has recently proposed a law to tremendously increase the tax on Trading earnings because "these guys are the capitalists and speculators that cause all the problems in the country";

I could carry on and on, but I hope that's enough to make my point...

So, if this is the kind of country you are looking for, you are surely welcome in Portugal, because the government is always hungry to lure some more "ducks" to eat alive.

 

[virtusa]

Hello all.

I very rarely write in forums.

I was reading this thread out of curiosity.

I am a 55 year old Portuguese citizen living in Portugal, was born and lived for 35 years full time in Lisbon and since 20 years ago I have been living in Algarve most of the time and some time in Lisbon.

So let me save you some time and help on your decision:

If you are searching for a country that:
- Has good weather most of the time;
- Has a profound "caviar" socialist mentality;
- Has union organized strikes every other day and paralise everything you can imagine;
- Has one of the highest levels of corruption;
- Has one of the lowest productivity levels per capita;
- Has a giant public and private depth and is often sinking like the Titanic (with the music still playing and all the new rich complex) and always needing to be bailed out every few years, just to get to the same situation again and again;
- With a health care service (public and private) getting worse and worse by the day, where people have to wait months / years for a doctor's appointment and / or urgent surgery (too many die just waiting...);
- With public services that would shame any developed society;
- With one of the highest (real) fiscal tax load in the world (disguised all over the place);
- Is currently governed by shameless people that will tell you whatever you want to hear to get your vote and will promise you one thing just to do the exact opposite, lying with all their teeth;
- That has recently proposed a law to tremendously increase the tax on Trading earnings because "these guys are the capitalists and speculators that cause all the problems in the country";

I could carry on and on, but I hope that's enough to make my point...

So, if this is the kind of country you are looking for, you are surely welcome in Portugal, because the government is always hungry to lure some more "ducks" to eat alive.

Just google "portuguese leaving their country".
Portugal has one of the highest emigration numbers (fourth highest) in Europe. Almost 15% in 2017 left the country and numbers go still up. People leave the country to get a better live elsewhere.

https://www.portugalist.com/portugal-downsides/

 

[Sig]

Hello all.

I very rarely write in forums.

I was reading this thread out of curiosity.

I am a 55 year old Portuguese citizen living in Portugal, was born and lived for 35 years full time in Lisbon and since 20 years ago I have been living in Algarve most of the time and some time in Lisbon.

So let me save you some time and help on your decision:

If you are searching for a country that:
- Has good weather most of the time;
- Has a profound "caviar" socialist mentality;
- Has union organized strikes every other day and paralise everything you can imagine;
- Has one of the highest levels of corruption;
- Has one of the lowest productivity levels per capita;
- Has a giant public and private depth and is often sinking like the Titanic (with the music still playing and all the new rich complex) and always needing to be bailed out every few years, just to get to the same situation again and again;
- With a health care service (public and private) getting worse and worse by the day, where people have to wait months / years for a doctor's appointment and / or urgent surgery (too many die just waiting...);
- With public services that would shame any developed society;
- With one of the highest (real) fiscal tax load in the world (disguised all over the place);
- Is currently governed by shameless people that will tell you whatever you want to hear to get your vote and will promise you one thing just to do the exact opposite, lying with all their teeth;
- That has recently proposed a law to tremendously increase the tax on Trading earnings because "these guys are the capitalists and speculators that cause all the problems in the country";

I could carry on and on, but I hope that's enough to make my point...

So, if this is the kind of country you are looking for, you are surely welcome in Portugal, because the government is always hungry to lure some more "ducks" to eat alive.

That sounds awful, one wonders why you wouldn't have take advantage of the ability to live and work anywhere in the EU if it was all bad as you describe?