Americans Escaping Portugal and Going Back Home

Published: Dec. 1, 2023, 5:01 p.m.

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The Portuguese government's decision to end the Non-Habitual Resident (NHR) tax scheme brings significant implications for expats living in Portugal and those considering moving to Portugal. The NHR scheme, a major draw for expatriates seeking financial advantages, played a crucial role in attracting foreign investment and skills, thereby boosting the local economy. However, its termination may lead to a reassessment among expats, who might explore relocating to other tax-friendly European destinations. This change could impact Portugal's real estate market and local businesses, which had grown accustomed to the expat community. For those contemplating a move to Portugal or living abroad in Europe, this highlights the importance of considering factors beyond financial incentives, including cultural adaptation and long-term residency plans. The situation serves as a reminder of the dynamic nature of expat life and the necessity for thorough research and flexibility when planning to move and settle in a new country.\\n\\n\\nIf you find my videos helpful, entertaining and/or if you feel as if I've helped you save time, headaches, or legal fees, please consider making a monthly pledge on Patreon and becoming a monthly patron to help make more videos like this possible: \\n\\U0001f449\\U0001f3fd http://RafaelDiFuria.com/patreon\\n\\nOr, if you would like to help in a different way and make a one-time donation you can visit:\\n\\U0001f449\\U0001f3fd http://RafaelDiFuria.com/support\\n\\nNYAG Gear - \\nhttp://store.rafaeldifuria.com\\nhttp://RafaelDiFuria.com/nyaggear\\n\\nIf you would be interested in dedicating a video to a loved one and/or sponsoring a video, feel free to send a message through the following link:\\n http://www.RafaelDiFuria.com/contact/\\n\\n\\U0001f4ec Let's connect \\n\\U0001f535Instagram: http://www.RafaelDiFuria.com/instagram\\n\\U0001f535Facebook: http://www.RafaelDiFuria.com/facebook\\n\\U0001f535Twitter: http://www.RafaelDiFuria.com/twitter\\n\\U0001f535Email: http://www.RafaelDiFuria.com/contact/\\n\\n\\U0001f4b0 Save on your first stay with AirBNB\\nhttp://www.RafaelDiFuria.com/airbnbsave (referral link)\\n\\n\\U0001f4e6Recommended Products:\\nhttps://www.amazon.com/shop/rafaeldifuria\\n\\n\\U0001f4b8Transfer money around the world with Wise (Formerly Transferwise) (referral link) :\\nhttp://www.rafaeldifuria.com/transferwise\\n\\n\\U0001f4e9 Business Inquiries and Collaborations:\\n http://www.RafaelDiFuria.com/contact/\\n\\n\\U0001f399Want me to be the voice of your business?\\nhttp://www.RafaelDiFuria.com/contact\\n\\n#movingabroad #expatlife #livingabroad

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