Discover the unique tax and residential benefits of Portugal at KL exhibition and seminar.
This post is brought to you by Fine and Country.
An exhibition and seminar taking place on November 28th at the Majestic Hotel in KL offers a unique opportunity for anyone planning on moving to Europe. Visitors will receive expert first-hand advice from a team of tax and property professionals who are flying in from Portugal to present the benefits of investing in the country.
Amongst the incentives offered by the Portuguese government to attract foreign investment are the NHR (Non Habitual Resident) scheme, which is particularly attractive to retirees, but also offers enticing tax breaks to professionals who domicile themselves in the country. Benefits, for a 10-year period, include total tax exemption on pension income and on passive income, from investments earned outside of Portugal; the only condition is that the individual cannot have been a resident of Portugal in the previous 5 years.
NHR status can be gained by individuals of all nationalities including European passport holders, and there is no minimum investment required in order to qualify. For non-European nationals, Portugal has the so-called “Golden Visa,” whereby an individual investing at least 500,000 Euros in real estate can gain Portuguese residency enabling free movement throughout Schengen agreement countries. The visa is extendable to family members (children and spouse) with the possibility of acquiring Portuguese passports after 6 years. The golden visa is particularly attractive to non-European parents, when planning the future for their children to study in Europe, including in the UK.
Blessed with a wonderful Mediterranean climate, Portugal has long been a favourite holiday and second home destination for northern Europeans. The coastline, washed by the pristine waters of the Atlantic ocean, offers some of Europe’s finest beaches, whilst Portugal and especially the Algarve in the south is recognised as one of the world’s greatest golfing destinations. The country has a very low crime rate and is politically stable, whilst the economy has shown strong signs of recovery in recent times. The growing expatriate community is served by numerous international schools, both in the Algarve and around Lisbon, with excellent private and public health care facilities.
About the Event
A charming villa in the Algarve offered for sale by Fine & Country
The full-day, Portugal Property and Investment Exhibition and Seminar at The Majestic Hotel Kuala Lumpur, on November 28 will feature two repeat seminar sessions; one at 11.30am and another at 3pm, whilst the exhibition will be open from 10.30am until 6.30pm. Seminar places can be booked by e-mail to [email protected] or online at www.fineandcountry.com/pt/property-and-investment
The Organisers – Fine & Country
The event is organised by Fine & Country Portugal, part of the international network of Fine & Country estate agents with head offices on Park Lane in London, and over 300 offices worldwide. The company will be showcasing properties from their seven offices in Portugal covering the Algarve and Greater Lisbon areas.
Blevin Franks, the leading international wealth management and tax planning company, specialising in the expat market in Europe, will be present to speak on the Non Habitual Residence tax scheme and provide expert advice on the favourable tax regime that exists in Portugal.
Martinhal Resorts has an award-winning 5-star beach front resort and hotel in the western Algarve, offering attractive buy-to-let properties with guaranteed rental return, as well as projects elsewhere in the Algarve and in the Lisbon region.
Antonio Viñal Abogados
Law firm Antonio Viñal, whose international offices include Lisbon and Kuala Lumpur, will be present to speak on the “Golden Visa” residency scheme and provide legal advice on all aspects of investing in Portugal.
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