Advantages For Investing In Portugal
An excellent opportunity and incentive for property investment in Portugal.
In order to attract International investors, the Portuguese Government has recently approved a new tax law. As such Portugal has become a very attractive destination for individuals, surpassing other tax regimes in many ways.
Some of the advantages of becoming a Portuguese Tax Resident:
- Tax exemption on pensions
- Tax exemption on inheritance
- Tax exemption on capital income
- Tax exemption on dividends and interests
- Flat rate of 20% on the majority of revenue sources, such as salaries
Another improvement to the law is the legal entry, stay and departure of foreigners from national territory when acquiring a property. The Portuguese residency Visa permit allows visa free travel in European Union and Schengen Countries.
According to the new law, a residence permit is granted to any individual who buys a property in Portugal, equal to or greater than €500.000. (View Golden Visa Page)
The minimum period of stay in Portugal has been set out as 7 days in the first year and 14 days, consecutive or interrupted, during each of the 2 subsequent periods of 2 years.
After the 6th year, a definitive residence permit shall be issued and the investor can apply for Portuguese Citizenship.
This is therefore an excellent opportunity and incentive for the investment in Portugal.