Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m Weekly ¤Learn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (13) |
Author: Rubic ✭  😊 😞
Number: of 88922 
Subject: Re: Residency by Investment in EU for US citizen
Date: 07/09/24 3:21 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 3
Hi oddhack.

I have experience that I can share about an American citizen's
path to residency in Portugal, since that is one of the two
countries you mentioned. (Spain being the other one.)

Before I continue this thread, however, it might be a good idea
to mention your options in Portugal.

1. First, if you're planning to live here 8+ months per year, then
the Golden Visa/Investment route isn't necessary. The Golden
Visa was often used by people who wanted to bypass the "living
in Portugal" residency requirements. Even the 8 months/year can
be adjusted for residency under specific circumstances (e.g.
business travel abroad).

> I'm old enough that this is probably the only way I could
> qualify for permanent EU residency with a path to citizenship,
> which is my goal.

2. Would you be retiring in Portugal or do you plan to continue
to work/be employed whilst living here? I ask because that may
change how you approach meeting the requirements slightly.
I'm retired.

> Before I get started with screening calls, I'm wondering about
> the feasibility of finding, screening, and working directly with
> such a lawyer. I'm guessing costs will be in the $10-20K range
> between travel, legal fees, government fees, etc.

3. I handled everything myself without the use of a lawyer. It's
a pretty straightforward process and you can always hire a lawyer
if you get stuck. Note that lawyers and relocation agencies often
push the Golden Visa program because it generates larger fees.

If you can provide answers to (1) and (2), I'll let you know if
you can avoid (3) and avoid residency by "investment".

Kind regards,

-Rubic
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to Rubic here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 365 posts about Living Abroad. The article-length ones it recommended most:
Welcome! · 12 recs · 2024
USA to Portugal (Sabbatical) · 8 recs · 2024
Unthreaded | Threaded | Whole Thread (13) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community | Privacy