There’s some encouraging news today if you intend to buy a property in the Algarve: the pound to euro exchange rate has risen steadily, cutting the cost of buying in Quinta do Lago. To be specific, sterling has jumped to 1.43 versus the Eurozone’s common currency this week, +23 cents higher than early 2014, making
Articles in the ‘Tax Issues’ Category
The number of golden visas awarded in October more than tripled (221%) compared to September. In all, a total of 119 visas were granted – an average of 30 per week – and an investment of 41.6 million euros. According to Lusa news agency, based on data from the Foreigners and Borders Service (SEF), in
As reported in the Algarve Resident recently, the Chinese consider Portugal to be the best country in Europe to invest. This is not only due to the lower cost of living, the healthy lifestyle and healthcare but it also shares the same kind of culture. Such examples of investors is Fosun who recently invested in
A summary of the key taxation changes to existing legislation as a result of the Chief Minister’s budget speech on 30 June 2014. These changes are effective as from 1 July 2014.
With no inheritance or gift tax burden and no wealth tax and reduced or deferred taxation on dividends and other capital income Portugal becomes very interesting for high net worth individuals .
Portugal has signed a Memorandum of Understanding with the European Commission, European Central Bank and the IMF.