Have a limited company that I invest in P2P but mainly syndicated real estate. Tax-free dividends for both myself and the company next year. I can lower the corporate tax burden that way as well. And charge things through the company
Apart from Freetrade it I had Freetrade 10k plus in stocks 20k plus in ETFS. I’m in no way F.I.R.E’d but as you said I’ll accelerate it. Anything I start as well will go through the company. Thus 10 years of no-tax save a municipal tax or something like that and VAT. When I started researching this I thought it was exactly what I need to do. I’m applying for a hemp growing licence out there as well and/or the medical marijuana growing as well. I think I need the former for the latter
Was turned down a US Visa after 18 months of applying and would have done the whole property thing in Texas, multi-family units in an LLC. I was all but ready to go…Every cloud as they say and now Portugal seems like the preferred destination worldwide and I love it!
Plan is to go for a year initially. And it wouldn’t cost that much at all. €1500 a month is more than adequate with rent being €500 of that. I’m never coming back let’s be honest! Ireland has so many obstacles to wealth building and because it has no benefit for most people here I won’t go into it.
Sorry about the essay but I need to do it justice. If I can help other people see the light of Portugal then I must explain my reasons for it properly as there often not far off what others are/is
Edit: Capital gains is still taxed this is for income so distributing ETFs and stock dividends are tax-free. CGT is 28% or half of the gain @ 28% if it’s from property and it’s being re-invested in property