Asked about the special tax and stay regime granted by the Portuguese State to digital nomads – young people linked to technologies, whose arrival in the country may be increasing the price of housing in the main cities of the country -, the Prime Minister considered it essential that Portugal is an attractive country and not closed to the world.
“Either we want to be a country closed to the world, and that is killing our history, culture and vocation; or we want to be what we have become, an open country, where everyone feels welcome, where everyone can develop their life projects”, he replied.
These programmes aimed at attracting investment and young international staff, from the perspective of the leader of the executive, “are added value that the country has to maintain”.
“We have to know how to welcome and we have to cherish. If we want to be an increasingly innovative country, with companies that grow on a global scale, it is essential to have this dynamic”, he reinforced.
“I was told that some of these digital nomads are already buying a house in Portugal. We effectively have an open program so that we can be a factor in locating these digital nomads, just as we have a program to attract foreign direct investment. Every company that makes large strategic investments in Portugal also makes it on a contractual basis”, he pointed out.
According to António Costa, Portugal has been “increasingly attractive” - in the first half of this year “it has again captured a historic maximum of contracted investment”.
“These companies help us create a society with more jobs. Above all, they help us to create better jobs, with better working conditions and better wages”, he maintained.
I do not know, and do not need to know, where the PM lives, but where I live I can assure the PM the digital nomads are NOT the protectors of our history, culture and vocation. In fact the digital nomads are the ones that are making a major contribution to killing our history, culture and vocation. The Portuguese people are being cast aside to pander to a small demographic (i.e. the 'nomads'). No one is saying NO to a robust economy; BUT long after the fad of Portugal for the nomads has dimmed (and they have drifted off to cheaper options where they can again 'do their thing'), please do not forget it will be the Portuguese and those of us who call Portugal our permanent home that will be restoring our history, culture and vocation.
By Bruce from Lisbon on 03 Nov 2022, 10:16
The SEF residency farce has made most of us digitally nomadic.
By Steve from Algarve on 04 Nov 2022, 09:40
The overall and constant embarrassment reference the level(s) of leadership, political intelligence, or lack of, and blatant misrepresentation of the truth, is once more evident here. Our PM, really does not know nor understands what he is talking about. These Passport purchases and Tax Regimes have done nothing but ‘plunder’ from the Locals, our History, our Culture to mention but a very few aggressive results thus far.
By Miguel from Lisbon on 04 Nov 2022, 11:46
First of all, it is not clear what exactly tax conditions are granted for digital nomads in Portugal with this new visa.
As far as I understand, after 183 days I will become a tax resident and will have to pay 11% social tax + 20% (or more) of income tax. If this is true, I bet this will stop many nomads to apply for this visa. Look at other countries like Georgia who ask only 1% of income tax: 11% growth of economy in 9 months created by nomads who receive their foreign salaries to local banks and spend all their money in the country. It's like a money pump from abroad to the country.
I think governments (not only Portuguese) do not really understand correctly what "digital nomad" is. 95% people who work remotely for foreign companies, are not "nomads", they have families, children, property, and only 5% are traveling like nomads. This visa works for only those 5% who travel - 2 months in one country, 2 months in another, because they stay tax residents of their native country.. Those 95%, like me, who now work for example for the company in US, but live in Belarus - they may want to relocate to Portugal and spend their salaries here, bringing free money to Portuguese economy, but they will not do it because of high taxes they will need to pay after they become Portuguese tax residents. This is the problem that stops me from applying this new visa, though I am a fan of Portugal, I have been there many times, worked remotely for Portuguese company for many years, study the language and respect the culture and way of living. I would advise to think about this: if the idea of this visa is to bring free money to Portuguese economy, then salaries from abroad should not be taxed so high
By Sergey Lotnikov from Other on 04 Nov 2022, 16:30