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Some Forum Posts:

Portugal: Car Rental Advice(long term):

We looked to do the same, but found all LT rentals were only for 6 months and ran over $4000...not worth it, so we are buying a car when we land in Lisboa.

Portugal: Visiting in October:

Paul...curious...when did you file for your visa? We filed July 20 and still waiting for SFO.

Portugal: Visa approval at San Francisco Consulate:

So we filed on July 21. I inquired via email about when we could expect our application to be reviewed as it remains sitting in "accepted." Here is what they replied today: "We have been crushed with applications the last six weeks and have not been able to keep up with demand. The number of applications ahead of you suggest it will be next week soonest before your applications might be processed so our inspectors can vette your information." This is cutting it close for our planned Sep 24 departure. If they are late, we have airline change fees and other costs to incur!!!

Portugal: Initial visa accommodation hurdle:

That is true for the SFO consulate for sure, but you should check with the right folks in Canada directly. And yes, it is "Cart before the horse." But what can you do? We visited and got our NIF while there and later found a long term let on line through a reputable agency, with them and lease both vetted by our PT attorney. We leave Sep 24....hopefully the place is as advertised!

Portugal: Housing Requirement for Golden Visa:

Your long term visa is not a Schengen visa, even though use the Schengen form. That visa is a 90 day tourist visa, which US citizens do not need (although we still can only stay 90 days without a long term visa). But to your point, you can't get a long term visa for planning to buy. You either have to lease or have bought. Most come on tourist visas to buy and then can apply for the long term visa under the Golden Visa rules.

Portugal: Banking:

Was shocked today to find out that if you move to Portugal, Schwab will close your account as they are not allowed to do business there. I chose them because they do not charge foreign transaction fees and refund all ATM fees. Yes, you could not tell them, but they say they monitor activity and seeing use of debit cards in the same country over time would cause them to close the account. So I stay with Chase and won't use their card unless necessary and instead use Transferwise to move money to my PT account and use that ATM card. Thus avoid those high foreign transaction fees. Transferwise is only 1% and they don't play with the exchange rate.

Portugal: NHS Status:

I assume you mean NHR. 2500 is a rip off. Getting the status is easy. One form and one declaration. Since in another language you will need help. But don't pay more than 120 to 200 Euros. NHR exempts your US SS and US based dividends and interest (and some other stuff that most people do not have) from PT taxation for 10 years. It's a great thing that makes PT very attractive for retirees.

Portugal: Cell phone:

You can, but you have to pay it off and request an unlock from Verizon so you can use new SIM card. That's what I did with ATT.

Portugal: Residence Visa Health Insurance Requirement Help (US citizen):

I found it through Squaremouth.com. Under the list of providers you will see Berkshire Hathaway.

Portugal: Whew, just got our long term visa!:

And we will be in Budens (should be finalized this week!)

Portugal: Change in Visa Rules:

Major change....I got an email today from SFO consulate that states they are no longer processing long term visa applications that use a hotel or AirBnB reservation/receipt as proof of accommodation. They want proof of purchase or an actual lease. As a practical matter this is going to make it very difficult for people to apply. They have to find a property and get a lease that starts later and supply that lease to the consulate. Not easy.

Portugal: Visa help ! True or False ???:

No, the Schengen visa (which is the 90 day visa) cannot be extended. After 90 days you are an illegal immigrant and can be fined or deported...not all countries enforce this rule as hard as others, of course.

Portugal: Question re: rental via AirBnB:

How short a stay did they not like???

Portugal: Taxes in Portugal:

All true, except that if you apply for Non Haibitual Residency (NHR)..which is easy, your US SS and US dividends and interest will not be taxed by PT for 10 years. Does not cover things like 401(k) distribution. Whatever tax you pay in PT will be credited against whatever tax liability you have in the US.

Portugal: Questions re: rentals:

1. We are doing a 6 month with option to renew. Our attorney says agreements really need to be for 2 years in PT, but I have heard of many doing 1 year agreements. 2. We are paying first two months rent plus a deposit equal to one month. 3. Rent does not include utilities or CCTV (in our case wi-fi is included). Not sure what building charges you mean, but there is nothing else for us to pay. 4. No tax in PT for the tenant. 5. Not sure, but I think the landlord pays...have not heard of anyone paying this.

Portugal: Resdiency Visa from San Fran Consulate:

Has anyone used an address of an expat friend that now lives in Portugal to meet their address requirements for the San Francisco consulate? The apartment we had fell through and now we do not have an address and need to file by end of June, 2017. Please help! MariaandJim

Portugal: Responsive Attorney:

Need a referral to an attorney (probably in the Algarve) who (a) is responsive and (b) can help with rental agreement now and SEF later. So far, those we met with when recently in Lisbon have not been responsive...which is odd and frustrating. Thank you in advance.

Portugal: Visa Response Timeline?:

Just about to file it...our target is Oct 1 to PT

Portugal: Applying for Visa:

Hi Suzanna, We live in Aurora and are moving to PT on Sept 24. Would be delighted to get together and chat!

Portugal: Roth IRAs - How does Portuguese IRS view these?:

The tax lawyers at the Edge law firm in Lisbon would know the answer I am sure. I met with them...they are very knowledgeable...if a bit expensive.

Portugal: Private Health Ins over age 70:

Wondered what you did about this insurance? Am also 70 and have had very high quotes. Which is why we expect to get residency and use the national health system once we move there.

Portugal: TAXES IN PORTUGAL:

1. Once you have been in PT for 183, PT will tax you on your worldwide income...everything. 2. If you apply for Non Habitual Residency, for 10 years you will not be taxed in PT on SS, US interest and US dividends. All else will be taxed, including capital gains and distributions from 401(k)s (just like they would be taxed in the US). 3. You must also file a US tax return. If you have paid PT taxes, you will receive a credit to be applied against your US taxes, which most likely will wipe the US taxes out. So there cannot be double taxation due to the tax treaty between our countries. 4. Depending on your type of income, you have to do the math to see if it makes sense to live in PT. But only 7 countries in the world have the exemption for US SS...although PT's is only for 10 years. 5. I practiced international tax law for 40 years.

Portugal: Healthcare:

As I understand it, once you have a resident card you can use the public system. There is a cost, but not sure how much. Am coming to Lisboa in late May to investigate before actually moving. Private insurance can be expensive depending on age and medical history. Am 70...quotes are nuts so far.

Portugal: Social Health Care Coverage:

I just used travel insurance that had the minimum required coverage...used Berkshire Hathway through Squaremouth.com...not expensive at all..and I am 71. I did it for 6 months and can renew if necessary. Once you get here if you also want private insurance (good idea) banks offer it and you can join AFPOP and get Allianze through Medal for very good price. For wife and I it's $145 a month.

 

Date Joined:

4/15/2017

Total Posts:

54

Posts/Day:

0.29

 
 
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