Quote from: Neobanks on Today at 12:13:24 AM

Quote from: gallianooo on March 15, 2024, 04:38:18 PM

Quote from: BitcoinBunny on March 15, 2024, 04:29:45 PM

Quote from: gallianooo on March 15, 2024, 04:18:47 PM

Quote from: BitcoinBunny on March 15, 2024, 02:55:30 PM

It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.

Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.

#LifeGoals

Edit: terrible maths...

Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).

Those bastards. Sad

For the Golden Visa, i am honestly agree with them. Lisbon is a really small capital. Only 500K people. Already LOT of airbnbs there as it's one of the only capital in Europe you can enjoy to visit almost all around the years, and already lot of Americans, indians, brazilians, russians too (before the war) bought flats in Lisbon by overpaying (at this time) to get the golden visa and pressure the market to higher.

Problem is Portugal is still a 'poor' country, minimum salary is around 800€, even with good position you will not get 2/3K+. If you want to get a decent 2BR flat in a central area in Lisbon, you have almost nothing below 2K+ a month. It's currently in Europe the most unbalanced between salary/local standard of living and rent/property price.

The decision of removing golden visa to someone that purchase a property in Portugal may have negative impact to their economy because I think inclusion of golden visa policies to someone that has a property in Portugal could be one of the thing that motivate many investors to acquire properties and as such those investors are equally advantage to the enhancement of their economy by paying taxes and creating employment but now that golden visa is not feasible many people may turndown their interest to purchase properties as well as other possible investment.

In the other hand, Portugal is still keeping the tax free on any Bitcoin/crypto capital gain if you hold at least 1 year (same in Germany, but not same lifestyle btw Germany and Portugal IMHO).. In Europe it's difficult to find any other Bitcoin friendly country mixed with a good lifestyle/safe/ocean/welcoming.