The Portuguese success
Updated: Dec 11, 2020
Why Portugal is a top choice for professionals and also ultra and high net worth individuals and their families wishing to take up residence in the European Union?
The non habitual resident regime with generous personal income tax exemptions, the practical absence of wealth or inheritance taxes, the free remittance of funds, the friendly residence permit regime (including a special residence permit by investment program known as Golden Visa) allowing for free movement within the Schengen area combined with the possibility to apply for Portuguese nationality and, consequently, a EU passport, justify why Portugal is a very attractive location, for families, ultra and high net worth individuals and professionals.
Actually the Portuguese tax system offers efficient opportunities for wealth accumulation and disposal, including by gift or inheritance, as well as also efficient options for business and rental income, capital gains, dividends, interest and pensions, including exempt income under the non habitual resident and reduced or deferred taxation.
Thus the wealthy individuals and their families and also the international professionals, whether European nationals or not, choose Portugal for income and wealth planning and its successful transmission to the next generation as well as work and business income and investment.
However the real secret lies on the friendly, safe and multicultural environment, allowing for an outstanding quality of life.
April 2020 update
For generic information purposes only
Specific advise must be obtained before any decision is taken