I actually do spend plenty of time in Portugal, and know that $100k goes much further there. But that doesn’t mean Tech startups fail much less frequently (as a percentage of total) in PT than the US. So this scheme’s constant need for new cash still exists.
Still not clear what happens if my 100k gets burned-off in Year 1 - am I still a startup Board Member for the next 9 years at no additional cost to me? If yes then to continue the scheme must rely on new investor cash + hoped-for profits + hoped-for IP sales, right?
Also if this really takes off, I’m not sure how you’re going to answer to the press why these startups have more Board Members than people actually working on the technology.
I see a LOT of PT GV promotion, and they always use tax benefits in their sales pitches. Now their pitches are full of “NHR lives on in a new form, it’s all wonderful.” But spend time on this forum and you’ll find that’s the bait - the switch is that the PT ARI (and court) system is totally broken. So good luck getting/renewing that GV you were promised when you were lured in with tax breaks. It will cost you a lot more (legal fees… perhaps another $100k to become a startup Board Member for NHR 2?), and take far longer than you ever thought possible.
As for “AIMA is at least making strong signs of improving and we have indeed seen some movement,” real-life reports from people on this forum indicate so far that’s just more empty promises from AIMA. And last week Leitão Amaro confirmed that GV/ARI investors are at the back of the queue, behind those already in PT and 220,000 CPLPs.