Retirement - Page 3

Danger Mouse

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11:44a, 8/20/24

AG

I intend, at least initially, to reside between the US and Europe (France likely). Less paperwork and formalities.

Class of '91 (MEEN)

Apache

Joined: Dec 29, 2000

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12:39p, 8/20/24

AG

Quote:
You can get a really nice property with housing for yourself and a gite to rent out.

I came very close to responding with a smartass reply when I looked up "gite" on wikipedia.

Quote:
A gte or gite is, typically, a holiday rental home in France

[url=https://en.wikipedia.org/wiki/France][/url]How much would taxes eat up on that? I assume you'd get fleeced by two governments unless you're getting paid in euros.

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2wealfth Man

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8:00a, 8/21/24

AG

This Portugal golden visa is intriguing; it is based on wealth transfer or real estate purchase

https://www.internationalwealthventures.com/guide-to-portugals-golden-visa?gad_source=1&gbraid=0AAAAADiGaY_2w-VqS6yf8C0W0c0fTt6Cp&gclid=CjwKCAjwoJa2BhBPEiwA0l0ImPCSx7W9DZ4HwVrj1mPT3cqSX0WIeExck7qDLNOsuH5myZkhi7aANRoC9IgQAvD_BwE

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FancyKetchup14

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In reply to 2wealfth Man • 1:12p, 8/21/24

AG

2wealfth Man said:
This Portugal golden visa is intriguing; it is based on wealth transfer or real estate purchase

https://www.internationalwealthventures.com/guide-to-portugals-golden-visa?gad_source=1&gbraid=0AAAAADiGaY_2w-VqS6yf8C0W0c0fTt6Cp&gclid=CjwKCAjwoJa2BhBPEiwA0l0ImPCSx7W9DZ4HwVrj1mPT3cqSX0WIeExck7qDLNOsuH5myZkhi7aANRoC9IgQAvD_BwE

They modified the visa last year after heavy pushback from locals. During COVID, techies flocked there to live and work and bought up a lot of cheap real estate. It became quite expensive quickly and a lot of locals couldn't afford housing. However, the golden visa can be applied for under these stipulations:

Quote:
Capital transfers of 500,000 or more into qualifying venture capital funds (with no real estate investments or ties)
Creation of at least 10 jobs
Capital transfer of 500,000 or more into research activities conducted by public or private scientific research institutions
Capital transfers of 250,000 or more supporting artistic production, recovery, or maintenance of national cultural heritage
Capital transfers of 500,000 or more for forming a commercial company in Portugal, creating five permanent jobs

Danger Mouse

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In reply to Apache • 2:23p, 8/21/24

AG

Apache said:
Quote:
You can get a really nice property with housing for yourself and a gite to rent out.
I came very close to responding with a smartass reply when I looked up "gite" on wikipedia.

Quote:
A gte or gite is, typically, a holiday rental home in France
[url=https://en.wikipedia.org/wiki/France][/url]How much would taxes eat up on that? I assume you'd get fleeced by two governments unless you're getting paid in euros.

Should you establish French residency, then only a single tax. Otherwise, you are subject to taxation on profits by France and the US. I would advise a financial advisor having specific expertise.

Class of '91 (MEEN)