In a recent interview, Portuguese Prime Minister António Costa announced that the country’s Non-Habitual Resident (NHR) tax regime will be abolished for new applicants starting in 2024. The NHR regime offers a range of tax benefits to non-residents who move to Portugal, including a 10-year exemption on most foreign-sourced income and a reduced tax rate … Lire plus
For those who have a Portuguese Residency Card (Cartão de Residencia), a Portuguese Tax Code (Numero Fiscal de Contribuinte), a Portuguese bank account (Conta Bancaria em Portugal), proof of regular income and/ or contract (Contrato) with an international or national company in Portugal, and a good credit rating it is fairly easy to take out … Lire plus
As was predicted, in 2015 the Algarve region received an increase of 20.5 percent more French visitors between January and October. With visitors from the United Kingdom leading the chart, Spain, Germany, the Netherlands, Ireland and France are following close behind with a significant increase of tourists who visited the Algarve in 2015. As was … Lire plus
The Algarve appears in the 2nd place of the classification Quercus, a non-governmental environmental organization, presented the 2019 Gold Quality Beach Award. Among those mentioned are the beaches of the Algarve (87) in second place, behind the Tejo and Oeste region, which includes 90 beaches. Next comes the North region (74), and the municipalities with … Lire plus
The Global Retirement Index shows that Portugal is one of the top countries to retire.Enjoying retirement in a peaceful place with stunning views and excellent quality of life doesn’t sound bad at all. Those who already live in Portugal, surely know the country’s potential, but for those who live abroad can be hard to choose … Lire plus
Portugal remains among the best choice of destinations for tourists Algarve tourism gave positive signs of continued growth in the first half of 2019. According to the National Statistics Institute (INE) there was an increase of 9.3%, which is equivalent to an additional 2.17 million people. According to João Fernandes, president of the Algarve Regional … Lire plus
The NHR 2.0, known as the Tax Incentive for Scientific Research and Innovation (IFICI), is a new tax regime that provides substantial savings for highly qualified professionals in Portugal. Portugal’s tax landscape has been significantly reshaped by the recent regulations under this regime, aiming to attract and retain these professionals by offering attractive tax benefits. … Lire plus
