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Rural areas of Spain usually have decent 4G service. Good luck getting hired for remote work in Spain, though. Edit for the guys below: obviously I meant work
by ez7r6i 8y ago
Rural areas of Spain usually have decent 4G service.
Good luck getting hired for remote work in Spain, though.
Edit for the guys below: obviously I meant working for a Spanish company.
- atomical 8y agoI think parent comment was referring to foreigners buying a place and working remotely.
- rdl 8y agoYeah. I am planning to get Portuguese residency through property purchase along with some friends, although we might not go for rural. Only need to spend 14 days/yr there, though. It is a 350-500k EUR investment. If you rent the property out you should be able to cover the debt service. (Obviously it exposes you to Portuguese RE risk, as well as EUR currency risk, and requires good credit, but a 500k piece of property is a lower bar than, say, a 150k fee, and a Portuguese passport is a whole lot better than most citizenship by investment programs.) I’d probably spend 2-3 months/yr in Portugal if I had a nice small house or apartment somewhere. It is a good country.
- ALittleLight 8y agoHow do you plan to rent the property out? Won't you need a property manager of some kind?
- rdl 8y agoYes. If it is in Lisbon we will probably do 4-8 units in a building with a dedicated concierge/Airbnb manager shared across them. Otherwise, there are services which manage like that. Option C is a rural property and finding a long term farmer. Maybe find someone who is already farming his own land, buy it and lease back at the long term rate. Need to own the property for at least 5-7 years, but I wouldn’t be against owning Ag land indefinitely.
- vram22 8y ago>If you rent the property out you should be able to cover the debt service. (Obviously it exposes you to Portuguese RE risk, as well as EUR currency risk, and requires good credit Does that mean you are planning to get a loan to finance the purchase of the property?
- kgwgk 8y agoGood question. Maybe the plan is to mortgage other properties elsewhere where they actually live to finance (at least in part) the operation?
- rdl 8y agoYou can get ~50% mortgages I believe, internationally, particularly if you have other assets to secure it with (some banks I work with will do crypto lending, at least for BTC)
- bogomipz 8y agoMight you have sone links or literature on this program? Someone above mentioned it required you to be there for 180 days a year. I'd be interested in learning more. Also what is the 150K fee alternative you mentioned?
- rdl 8y ago150k is St. Kitts, Grenada, Panama, etc. programs. The Portugal program is "Golden Visa". https://www.google.com/search?q=portugese+golden+visa&oq=portugese+golden+visa https://www.google.com/search?q=portugese+golden+visa&oq=por... I'd rather do the Euro 250k to the arts thing if I were just looking for a single fee to pay, but I think the RE model works better. There's also an investor into companies model, but I don't know the startup market there.
- atomical 8y agoDo you intend to engage with the Lisbon startup community? What are your thoughts on it?
- reidrac 8y agoIt would be matter of not working for a Spanish company. It makes taxes a bit more complicated though. (Ironically, I did some remote work for a Spanish company when I was living in the UK)
- misterhtmlcss 8y agoWhy do you say that? Remote is remote, is I'm hiring remote, why would I care if the person is in Spain, Portugal or anywhere else? I'm sure you have context behind your comment and it would be great if you shared it.
- reidrac 8y agoI think the comment was referring to work remotely for a Spanish company. In Spain, remote work culture is almost nonexistent.
- GordonS 8y agoAt least for US companies, I do see a lot of remote positions that specify that candidates must be US based. Not sure why...
- LifeLiverTransp 8y agoTimezone alignment. General cultural missunderstandings. People got burned by outsourcing, the original remote work.
- chaboud 8y agoTaxes. Travel. Time zone.
- Spooky23 8y agoTaxes and compliance requirements.
- trickstra 8y agomany companies, especially in US, misuse the term "remote" to mean "remote but only in US" or "remote but at least 2 days per week in office". They just want to ride the hype wave without actually changing anything