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Comment by ez7r6i | Hacker News Reader

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.

Why 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.

I think the comment was referring to work remotely for a Spanish company. In Spain, remote work culture is almost nonexistent.

Taxes and compliance requirements.

At least for US companies, I do see a lot of remote positions that specify that candidates must be US based. Not sure why...

Timezone alignment. General cultural missunderstandings. People got burned by outsourcing, the original remote work.

Taxes. Travel. Time zone.

many 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

I think parent comment was referring to foreigners buying a place and working remotely.

Yeah. 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.

>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?

Good question. Maybe the plan is to mortgage other properties elsewhere where they actually live to finance (at least in part) the operation?

You 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)

Might 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?

150k is St. Kitts, Grenada, Panama, etc. programs.

The Portugal program is "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.

How do you plan to rent the property out? Won't you need a property manager of some kind?

Yes. 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.

Do you intend to engage with the Lisbon startup community? What are your thoughts on it?

It 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)

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