Portugal – The New Tax Haven Paradise for Brits
Learn About the D7 Visa and Non Habitual Resident Tax Scheme
What’s Changed in 2021 to Make This Possible?
Whether you were a supporter of Brexit or not, I have great news for you. The fact that Britain is no longer part of the EU means that UK residents can now apply for a D7 visa to become resident in the sunshine state of Portugal. This means you no longer need to commit €500,000 to the Golden Visa scheme which, in any case, is no longer available in Portugal’s most sought-after region, The Algarve.
You can obtain your D7 for a few thousand euros then apply for the Non Habitual Resident tax status which means you only pay 10% tax on pensions, dividends and rental income from your existing portfolio.
Taxes in the UK are bound to rise substantially as the government pays the costs of the pandemic and forcibly redistributes wealth as part of its ‘levelling up’ agenda. Those of us who own assets like businesses, property, stocks and shares and crypto currencies will be prime targets for the Chancellor so now is the time to get your retaliation in first!
How Can I Take This Further?
Here at Opulent Homes we can introduce you to our expert team who can guide you through every step of the process. We can then find you your dream home on The Algarve so you can combine sunshine, golf, cuisine and lifestyle with some of the lowest taxes in Europe. To find out how you can take advantage of both the D7 visa programme and the Non Habitual Residents tax regime just complete the form and we will be in touch. Don’t let the opportunity to secure your family’s future slip away. Governments often withdraw these schemes if they become too popular so now is the time to take action.
Ready to Learn More?
Pop your details in the form and let’s start a conversation.
Property of the month
10 reasons to live on the Algarve
Let me tell you why CNBC put Portugal’s Algarve region in first place on its Overseas Retirement Index. It offers Europe’s best beaches and golf courses, friendly people and one of the lowest costs of living in Europe.
Looking For A Great Climate, Great Lifestyle and Great Tax Incentives?
All you need now is a great property to build your new life in the Algarve. Get in touch through the form on this page and let’s start a conversation