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.
Looking for a part of Portugal’s Algarve that offers beautiful beaches and access to city amenities? Why not consider moving to Portimāo? In this article, we break down the area for anybody thinking of moving to Portimāo. You may want to add Portimāo to your shortlist after reading it!
Portugal is very much open for business again. In this property market update, we look at what you can expect if you visit the country to go house hunting, and what’s happening with the market generally.
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