First introduced in 2012, Portugal’s Golden Visa is a popular route to residency for non-EU citizens. It entitles the holder to five years of residency with the opportunity to apply for citizenship later on, as well as free movement throughout the Schengen Zone.
With just under four months until Portugal’s golden visa rules tighten, buyers are heading to the Algarve and cities. What they’re finding is prices just starting to rise, but from a highly affordable base.
Since leaving the European Union, the UK is now considered a “third country”. As a result, it is now a legal requirement for all non-residents of Portugal who own property, hold a bank account or have a business there to appoint a tax representative. If you don’t, you could face fines of up to €7,500 – scary, right? But don’t panic – the deadline for finding a tax representative has been extended until 30 June 2022, thanks to Covid-19 disruption, so you still have plenty of time.
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