For anyone stumbling upon this thread, if interested in pursuing the SDIRA path without the additional steps of an LLC + Lda, check out the posts from @Tatley about her journey doing so with Optimize:
@dyltavio Thank you for sharing your learnings, too! The 21% or 28% tax in Portugal you refer to (presumably CIT and personal capital gains tax, respectively), do they also apply when investing directly from your SDIRA into a fund such as Optimize?
I understand the ~21% CIT if you have a Portuguese Lda, but what’s the justification for the 28% tax? Typically, movable capital gains (like fund investments) are taxed where you are personally considered tax resident, not where the fund is based.
Granted, I haven’t looked into the SDIRA path in any detail yet, so totally possible that there’s some wrinkle there causing a different taxation outcome. So I’d love to learn more about what you learned in that respect!