In preparation for Brexit, most UK expatriates in Portugal have secured residence or put plans in place to settle before the transition period ends in December. But the planning shouldn’t end there, especially if you still have assets and investments in the UK. Brexit itself will not affect the double tax agreements that determine which country has the right to tax expatriates. However, two key changes are set to happen from 2021 that may change your tax treatment.
Portugal gets ready for summer tourists with restaurants opening doors in May & hotels by end of June. The second phase of gradually opening the economy and social life has started on May 18 and as the effects of the pandemic in Portugal has maintained its downward curve after lifted measures in phase 1, it's strengthening confidence and certainty in entering the second phase and likewise those proposed for the subsequent phases.
At a time when the recovery of the sector is being prepared, tourism enterprises, tourist entertainment companies and travel agencies can now request the declaration as a “Clean & Safe” Establishment.
Forbes published an article that included the top 3 destinations in the world to live and retire after COVID-19. They wrote: "The experience of this challenging period will give us a strengthened and perhaps reinvented understanding of what is most important in life." This situation gives new perspectives and shows that we should not delay choices, but must choose quality of life now." And do you know which location they considered to be the number one place in the world to retire or move to for a better lifestyle? Correct, the Algarve.
When selling your property in Portugal it is best to decide in advance how you wish to receive the proceeds of your house sale. Know exactly which amount you will receive in your home currency.
You’ve bought a house in the perfect location in Portugal, but you’re not yet fully proficient in the Portuguese language, and perhaps your new home is situated somewhere a bit more remote. It’s nice and quiet, but what if you suddenly need medical assistance? IMERGENCIES will be there for you.
Your Portuguese property has been sold. You’ve made a nice profit on it. Can you keep this profit entirely to yourself or will you have to pay tax on it? This will depend on a variety of factors which we will clearly list in this article.
In 2023 Portugal is placed in the top 7 of the Global Peace Index, the world (!!) ranking of the safest countries on this planet! Portugal is only beaten by Iceland, Denmark, Ireland, New Zealand, Austria and Singapore , and is ranked far higher than neighboring countries such as Spain (ranked as 32) and France (ranked as 67).
Learn how to efficiently transfer money to Portugal for your property purchase. Discover expert tips and trusted services from GC Partners.
If you want to buy a property in Portugal, it is important to have a clear understanding of the costs you will have. What are the costs at the moment of buying? What are the returning costs after the purchase? To help you get a clear overview, we have listed the costs below for you.
Why is the Algarve the best option to invest in a second home? What are the advantages of buying a second home in the Algarve? You will see the top 10 reasons why the Algarve is the right choice.
If you buy a property in Portugal, it is recommended to appoint a lawyer. In Portugal it is the lawyer who represents the legal interests of yourself as a buyer when purchasing in Portugal. Think of checking on charges and mortgages, but also making the promissory contract and do all preparations necessar for the title deed.