IS PORTUGAL STILL WORTH IT FOR EXPATS AND NOMADS IN 2024? 🇵🇹 NHR & Golden Visa Changes Explained

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Are you considering Portugal as your next destination for expatriation or nomadic living? In this video, I delve into whether Portugal remains a top choice for expats and nomads in 2024 amidst recent changes to the Non-Habitual Resident (NHR) scheme and Golden Visa program.
As Portugal has grown in popularity over recent years, there has been increased pressure to reduce the tax breaks offered to foreigners and take measures to deal with increased housing and living costs in big cities such as Lisbon. These changes have come with a revision of the eligible investment for a Portuguese Golden Visa and a reform of the Non-Habitual Resident (NHR) scheme that many new Portuguese residents have benefitted from.
Whether you're drawn to Portugal's rich culture, stunning landscapes, or favorable tax incentives, I break down the crucial updates that every expat and nomad should know.
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Chapters:
0:00 - Intro
0:19 - Portugal's recent popularity
0:54 - 2023 developments
3:08 - Should you still move to Portugal in 2024?
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About me:
Welcome to Millennials With Money!
My name is Jonny, I'm a financial analyst from the UK, currently living and working in Spain.
I created this channel to help and inspire young people to improve their financial situation and live life to the full by sharing my own experiences with money and living abroad.
I upload content on a weekly basis about personal finance, how to invest your money, tips to help you save more money, real estate and property, and travel and living overseas.
Everybody is welcome in the Millennials With Money community! Let's get this money!!!
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#Portugal #Expats #Nomads #NHR #GoldenVisa #Immigration #TaxIncentives #ExpatLife #NomadicLiving #Travel #2024Updates
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DISCLAIMER: The opinions and views shared on this channel are for entertainment and educational purposes only and are not to be taken as financial advice. Always conduct your own research prior to making any financial decision. Millennials With Money cannot be held responsible for any financial loss incurred from any decisions you make following this video.

[@MillennialsWithMoney]

Are you still thinking of moving to Portugal? Leave a comment and let me know!

[@luisfilipe534]

Real estate speculation by foreigners is making impossible for locals to buy or rent a house

[@valentinoarcieri9495]

Hi Johnny, i went to visit Portugal last month and whether it is a nice place, i found it quite behind respect other Ue countries. Infrastructure and transport is backward at least 20 years respect Spain, per example.
Maybe for retiring is cool, but for a productive life i see more opportunities in other countries.
Let’s see what your next video says on that !!

[@MillennialsWithMoney]

Thanks for watching Valentino! I tend to agree with your comments and it's especially visible in Lisbon. The narrow streets are difficult to navigate when there are crowds, roads are chaos and whilst there is a metro the connecting stations always seem to be inconveniently located. Anyways, rant over and still a nice city 😅

[@alitoch4876]

Yes I live there and it’s quite underdeveloped compared to Spain and France. Thankfully I am moving out soon! 🎉

[@rafaelh2504]

Still debating between Spain and Portugal. Looking forward to the continuation video…

[@MillennialsWithMoney]

Thanks Rafael!!

[@p.c.h.6721]

Taxes in Spain are insane, I would pick Portugal