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24097818 No.24097818 [Reply] [Original]

Moved to Portugal form the UK this year
Ask me anything
Am here for an hour or so
Thanks

>> No.24097909
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24097909

>>24097818
Do you like it?
Looks nice from what i've seen looking at street view photos

Also don't u need to buy a house or something in order to open a foreign bank account there & cash out?

Thanks Anon

>> No.24097932

>>24097818
did you ever lick a girl's butthole?

>> No.24097936

tax reasons?

>> No.24097948

>>24097818
Delete this.

>> No.24097961

>>24097818
If I buy crypto now in the UK, then want to cash out big sums in 6 months, can I just move there and cash out or do I have to live there many years before hand?

>> No.24097972

>>24097818
based belem tower

>> No.24097977

>>24097961
bump

>> No.24097986

>>24097909
Weather is amazing like 25 degrees here mid November and the people are friendly
You don't need to buy a house but if you are a bong you need to register before Dec 31st due to Brexit. In order to register you need a place that you are living and that can be rented or purchased.

>> No.24097995

>>24097818
I'm a fellow bong who's been there a few times, my plan is to move there to cash out too. How did you go about getting citizenship? What area did you move to? Did you cash out there with no problem? Thanks anon

>> No.24098011

>>24097936
yes

>> No.24098035

>>24097986
Feasibly any EU passport will do, right? I'm English but can get an Italian passport. Planning to do so and then move to Portugal temporarily to cash out before moving all my money to Italy.

>> No.24098049

>>24097961
If you are a Bong you need to be registered before Dec 31st or it will be more difficult
UK tax year April to April
Portugal tax year Jan to Jan
If you move the end of the UK tax year you should be okay but it will be more difficult to register

>> No.24098069

>>24098011
nice

>> No.24098098

>>24097995
It's simple you need an address and your passport and proof of you can sustain yourself of which can be a arbitrary amount. Simply go to the local town hall and arrange an appointment and you obtain something called a crew. Your right to remain for 5 years.

>> No.24098103

How many Pasteis de Natas do you eat per week?

>> No.24098122

>>24098035
I would move register with your UK before the end of the year unless you can get your Italian one before the bull run next year.

>> No.24098145

>>24098103
At the moment i only eat half at a time as I'm trying to loose weight and my gf eats the other half so I could say 2 a week total. They are fantastic!

>> No.24098146

>>24098098
Just an address in the UK?

>> No.24098167

>>24098145
What about a francesinha?

>> No.24098168

>>24097986
I'm not a bong. I'm Italian but live here in the Uk
>>24098049
Register for what?

>> No.24098172

>>24098146
No Portuguese address so you may need to rent somewhere or register yourself at someones address if they are kind enough to let you.

>> No.24098178

>>24097818
Op where do you got to exchange crypto for euro there?

>> No.24098179

>>24097818
How's the food?

>> No.24098217

>>24098167
Must confess I haven't tried one yet but they look amazing

>> No.24098219

>>24097818
what are the girls like? good looking? friendly? speak english?

>> No.24098241

>>24098168
You register to obtain residency (right to remain 5 years)

>> No.24098261

>>24098178
Kraken OTC to EURO via Bank Frick or BBVA

>> No.24098292

>>24098179
Very good they have Brazilian style meat buffets that are very impressive and excellent value

>> No.24098293

>>24098179
>>24097932

>> No.24098336

>>24098261
nice, cheers

>> No.24098352

Bunda?

>> No.24098362

>>24098219
I'm not attracted to most Portuguese women as they are too dark for my tastes however there are plenty of blonde German students or digital nomads that could be of interest. It's been difficult to tell with covid but there are lots of women from other European countries in the bigger cities. Haven't had too much of a problem with communicating as lots speak English. After all this is like the number 1 destination for British expats in Europe.

>> No.24098369

>>24097818
how much do you have in crypto?

>> No.24098403

>>24098362
excellent

>> No.24098415

>>24098172
I do have a friend with a place out there but I definitely couldn't live in their house, could I register there with the intent to live somewhere else later? Like just to get the registration going before Brexit shite.

>> No.24098433

>>24097961
If you moved back to the UK within 5 years it would be taxable in the UK still

>> No.24098441

>>24098415
You could technically register then hop off back to the UK for a bit as far as I'm aware

>> No.24098455

>>24097818
Your always posting to /brit/ about how lonely you are...

>> No.24098468

>>24098433
Yes I believe so. Mine is anyway as it would fall under capital gains of which they are planning to increase in the UK

>> No.24098519

>>24098369
I'm an early 2018 Link investor hence why I'm even here to help anons out
Well over 80k Link

>> No.24098533

>>24097818
What does Cocaine cost there?

>> No.24098553

>>24098519
nice, me too. Why would you sell your Link so early tho?

>> No.24098573

>>24098553
I didn't say I sold

>> No.24098580

>>24098035
Pretty sure it doesn't work that way. You can't just leave, sell everything and not pay taxes.
>It used to be the case that by simply leaving the UK for a complete tax year, and then disposing of any profitable assets (although different rules have always applied for property) during that year, you could be exempt from Capital Gains Tax. However, one year is no longer a sufficient length of time and an individual now has to be non-resident for a minimum of five complete UK tax years to take advantage of this rule.
https://www.expertsforexpats.com/expat-tax/capital-gains-tax-for-british-expats

>> No.24098605

>>24098167
I had one, they're good. Mainly a Porto thing, I believe.

>> No.24098622

>>24098441
Definitely would need to get my own place there but I don't see that happening before the end of this year. Could I register to their house before the end of year and search for another place and still be eligible? Or would I need to re register to the new place once I found one? Sorry for all the retarded questions don't worry if you don't know

>> No.24098638

>>24097818
>AMA
Are traps gay?

>> No.24098664

>>24098622
It's okay you could register then change your address I would assume

>> No.24098710

>>24098580
As long as he doesn't go back to the UK for 5 years for any period of time it's not a problem
They use something called ties to determine if you can be taxed for example if you had a son back there that you went to visit etc

>> No.24098752

I'm going to bed in a few minutes
Anymore questions?
I will be back in the future in Portugal threads and make just a few more to give something back to you all

>> No.24098817

>>24098710
So if you were visiting your parents would that count?

>> No.24098824

>>24098752
Is it pretty safe to live there?
Do you live near Lisbon/Porto or in a rural area?

>> No.24098840

>>24098817
You would need to contact a tax specialist. You can a few times a year but stay in a hotel some of the time. It's strict but not super strict

>> No.24098864

>>24098824
Outside a city and it's safe but I've heard that the rural areas are safer

>> No.24098921

>>24098840
OK. This is a pretty important point as I think most people leaving will want to go back to visit family, etc.

>> No.24098924

>>24098573
Aren't you liable for taxes to the UK if you bought the assets (e.g. LINK) while in the UK?

>> No.24098951

>>24098921
Like I said in another rely they do it on ties. It’s only 5 years. I’m sure your family would want a nice holiday to Portugal anyway if COVID gets sorted

>> No.24099037

>>24098951
So you basically can't sell LINK for another few years then right?

>> No.24099051

>>24098924
No as they are capital gains that weren’t released in the U.K. only purchased. Contact a crypto account he can tell you the same thing and to be sure get HMRC insurance

>> No.24099082

>>24098924
If you have held for over a year then it is capital gain. If you have traded some then that part is not a capital gain.

>> No.24099124

>>24099037
I can sell it when I want as long as I’m a tax resident of Portugal which requires residency and a Portuguese tax number and making sure that on the year you cash out more in the Portugal tax year than the U.K. one

>> No.24099148

>>24098122
Thanks. I have over 80k LINK too, it's why I've even been looking into this. I'm going to hold for a while longer before making the move to Portugal. Don't have a passive income and don't want to drain my holdings. Getting Italian passport will probably take a decade anyway knowing them.
>>24098580
As far as I know it's as >>24098710 says here.

>> No.24099175

>>24099051
So it depends on where you actually dispose of the asset? if I move to Portugal and sell while I was there it would be 0 tax?

>If you have held for over a year then it is capital gain
What do you mean by this? Irrespective of whether I sell or not?

>> No.24099195

>>24099148
You don’t need to sell your holdings. Take a loan out against a portion of your link and use some of it as collateral. Many options available. You don’t want link to go to $100 and you still haven’t sorted out your shit. Get on your fucking passport.

>> No.24099257

>>24099175
Sorry if it’s confusing. If you buy crypto in the U.K. and hold for over a year it is classified as a capital gain okay. You don’t pay unless you release that capital gain only on what you made in the year. When I invested in link I made nothing for the year then it went into capital gains territory okay.
Say you moved now hmrc could try and say when you despised if your crypto that you were in the tax year more in the U.K. that in Portugal. You move to Portugal now dispose of the asset after April. Fuck toy hmrc because I’m in the Portugal tax clearly. Make sense

>> No.24099259

>>24098951
5 years to get rid of the ties. Then you can sell... Some Portugese anon said Portugal is going to change the tax law on crypto so not sure if it will benefit you

>> No.24099288

>>24099259
No listen you can sell you just can’t return to the U.K. for 5 years for an extended amount of time

>> No.24099297
File: 3.50 MB, 384x288, 1604592185589.gif [View same] [iqdb] [saucenao] [google]
24099297

PLEASE RESPOND HOW LONG DID IT TAKE YOU TO GET THE 0% TAX ON CRYPTO

>> No.24099404

>>24099288
No question. Just a message to say thanks for the info. It's appreciated. Do an update in the future, fellow Bong.

>> No.24099464

I'm really from Portugal. Ask me anything.
Santarém gang here

>> No.24099469

>>24099404
I’ll report back in a week or so. Also I’ll be chipping in on Portugal threads. Take care and move swiftly. They may well change the crypto tax next year but they may not. All I know is lots of us have lots to loose by not going for it. It’s not as difficult as you think brothers and you can always go back to bong land.

>> No.24099508
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24099508

>>24099469

>> No.24099558

With such BTC rising more people try to play in blockchain but it is still difficult to find a good platform.

Recently came across duckdao.io , do you know anything about it? Team has already made First Hunters Season for their crypto card game

>> No.24099592

what is your dick size and its girth and how many times you fap every day?

>> No.24099616

>>24099558
I heard Shelbycompanyes is an outrageous scam run by child molestors?

>> No.24100074

>>24099469
Great. After you're done fucking us over, you'll be gone. Either go back to bongland, or own up that you're fucking this for the rest of us. Assassinations via smart contracts, can't get here soon enough.

>> No.24100182

>>24100074
How is he fucking you over?

>> No.24100324

>>24100074
kek get fucked poorfag we are coming and we are buying all your homesteads and we will be the new Portuguese elites.

>> No.24100335

>>24100182
By letting the cat out of the bag. The more neets move in here, the faster the party will be over.

>> No.24100355
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24100355

WE ARE COMING AND WE ARE COMING IN WAVES

WE ARE GOING TO TAKE OVER PORTUGAL

>> No.24100515

>>24097909
what is this map

>> No.24100552

>>24100335
Kek. Fuck off, poorfag. You will never move to Portugal.

>> No.24100567

Just a point that nobody ever seems to mention in these threads. Unless Portugal is somehow different from all other EU countries, it's not enough to just rock up and register at the local authority and that's that, you're tax resident in Portugal now. When you register, you need to demonstrate how you're supporting yourself. That means you need to have a job there, or register as self-employed (and prove you're paying for social security), or I guess you can probably also do it if you show them a bank statement (crypto doesn't count) showing that you have enough to support yourself.
But the point is that EU citizenship rights don't let you just move anywhere freely. You can be deported after three months if you don't have a job or another means of supporting yourself.
That's important to bear in mind because if your plan is to move to Portugal, live frugally as a NEET and wait for your LINK to moon, that might not work out for you.
Even if they let you register, you may still be tax resident back home unless you can demonstrate that Portugal is the main site of your economic activity, which in most interpretations means you're expected to have a job there.

>> No.24100885

>>24097818
How are the women?

>> No.24101008

>>24099464
How are the deenz?

>> No.24101164

>>24097818
why did you move from one third world shithole to another

>> No.24101175

>>24100515
Genes, showing how Iberia was repopulatef after reconquista.

>> No.24101666

>>24100515
crime map

>> No.24101869
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24101869

>>24100885
>>24101008

>> No.24101974 [DELETED] 

portugal does seem like a good move

>> No.24102031
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24102031

>>24101974
Fuck off.

https://www.youtube.com/watch?v=-IW_6njTxhY

>> No.24102117

>>24102031

Portugal looks like a good move, its a comfy Mediterranean country that minds its own business

>> No.24102226
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24102226

>>24102117
I don't know if you can read Portuguese but the guy that succeeded Salazar (benevolent former dictator of Portugal, founded the Estado Novo) wanted to turn Portugal into another Switzerland type of country. We were well on track to do it too but then commies conspired to overthrow our government. At one point we had one of the largest gold reserves in the world; we still are like top 15 in the world I think.

>> No.24102291

Portgual is too blacked. Go watch a city walk video of Lisbon and you'll see a bunch of nogs. The city also looks dirty as fuck and Porto doesn't look any better. I'd rather live in Spain.

>> No.24102363

>>24102226
i cant sadly im from Canada but i was thinking how it reminds me of a Mediterranean version of Switzerland lol

>>24102291
whats spain taxes like?

>> No.24102367

>>24102226
Top kek. 40% of the budget spent in the War, child mortality comparable to Africa, GDP barely edging Albania, but we were on track to be Switzerland. Gents, here's your typical portuguese retard. He loves taking it up the ass so much, he's welcoming you morons in , even though you dgaf about the country, and as soon as you get here, that crypto loophole will close forever, leaving him forever poor.

>> No.24102390
File: 301 KB, 1690x846, KIKED_ONCE_MORE.jpg [View same] [iqdb] [saucenao] [google]
24102390

>>24102291
Lixoboa is full of blacks, yes. But they are mostly well behaved because they don't have the Anglosphere or Francosphere mindset. They still have the preto mentality of the Lusosphere. Besides that, the country is relatively black-free but the Brazilians are the more insidious threat genetically and demographically speaking (mixed-race offspring assimilating into larger society). Also, Southern third of Spain is definitely much dirtier than Portugal.

>> No.24102417

>>24102363
Not sure off the top of my head, but they were reasonable from what I remember. Malta is the best option tax wise because its tax free as long as the income was sourced outside of Malta. Belarus also currently does not charge you for crypto trades. You can get residency there by buying real estate which is pretty cheap.

>> No.24102442
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24102442

>>24102367
>t. virgin tourist guide
Get me another Margarita, wagie!

>>24102363
Yeah the Commies also gave all our colonies away that we spent centuries developing after they took power (pic related).

>> No.24103386

>>24100335
OP here
You sound like a parasite that benefited from this board with crypto now doesn’t want to give shit back. The reality is anon most won’t make the move because they lack the courage but I want to let them know of the option. After all it’s because of this basket weaving anime board why I moved in the first place.

>> No.24103571

>>24097818
How's the weed? I wanna smoke and tinker with Union all year next year.

>> No.24104624

>>24103571
its a hot country thats decriminlilsed all drugs, what do you think? Morocco is a stone throw away too, that sweet sweet hash.

>> No.24104644

Are the women hot?