Investment Opportunities in Portugal

Watch back this Webinar:

Explore Why Portugal has Become a Hotspot for International Investment

At this webinar, our discussed key topics, including opportunities in Portugal’s luxury real estate sector, effective wealth management and financial planning for expats, and navigating the Golden Visa process for residency by investment.

Attendees also gained access to the latest market insights and practical advice for those looking for investment opportunities in Portugal.

What was covered at this webinar?

Real Estate Investment in Portugal: Learn about the latest trends in high-end property developments in Portugal’s luxury real estate sector including off-plan and off-market opportunities.

Wealth Management and Financial Planning: Explore strategies for managing and growing wealth in Portugal, effective cross-border structuring of income, assets and investments  for private wealth and affluent expats, whilst optimising tax and legal frameworks in Portugal.

Creating Entrepreneurial Activities: Understand how innovation and entrepreneurs are incentivised to bring inward investment and business productivity to deliver returns and value for investors.

Golden Visa Residency By Investment: Explore how to navigate the Golden Visa residency by investment process by investing within innovative sectors in Portugal such as green energy, biotech, tourism, education and more.

Steve Philip, Partnership Director at Portugal Pathways and event host, was joined by:

• Philip Button, Managing Director at Brookes Property Group: Philip Button, a Chartered Certified Accountant with 30+ years of experience, joined Brookes & Co in 1998 after key roles in the leisure industry. Since founding their international luxury real estate business in 2004, he has facilitated over $500 million in property transactions, with major developments in Florida, Antigua, the Bahamas, and the upcoming Quinta Heights project in Central Algarve, set for completion in 2026.

• Chris Marson,  CEO of RTI Family Office: Chris has over 30 years of experience managing significant wealth for ultra-high-net-worth international families, Chris is also CEO of Beacon Global Wealth Management, and possesses expert insight into private equity, wealth management, real estate, technology, and cross-border tax and financial planning.

• Rogério Fernandes Ferreira, Founder and Managing Partner of RFF Lawyers: brings extensive expertise in tax law and international legal strategies to this webinar. With over three decades of legal experience, is deep knowledge of tax law, coupled with his involvement in global legal networks, positions him as a key expert on investment opportunities in Portugal.

• Paul Stannard,  Chairman at Portugal Pathways: Paul, an international entrepreneur with experience in media, innovation platforms, and real estate indexes, will present findings from Property Market-Index’s latest report on Portugal’s luxury real estate market compared to global markets. With a background in alternative investment funds, he will also introduce Portugal Pathways' latest Golden Visa residency by investment initiative.

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Answers to key webinar questions from attendees

Disclaimer: The guidance below and Q&As should not be fully relied upon and does not constitute formal instructed professional advice. In relation to tax advice in Portugal, please engage and instruct a regulated professional for all tax advice and structured financial planning. Please contact Portugal Pathways if you would like an introduction to one of our professional advisors.

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Charles was asking:

If we're in the process of applying for NHR 1.0 (but haven't finalized yet), can we jump over to 2.0? Or can we finish formulating 1.0 but later transition to 2.0?

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This depends heavily on personal circumstances and a 1 to 1 meeting is advisable. However, if you are currently in the process of acquiring the existing NHR tax regime status, it may be advisable to go with that option as the NHR 2.0 is still in the early stages and the upcoming Portuguese budget may affect its overall viability. Also, you cannot have both tax regimes at the same time or have been a previous tax resident under one and then switching to the other.

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Helen is asking:

What date will the govt announce the new budget with details of NHR 2.0?

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The new budget is expected to be announced on the 15th of October.

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Jody is asking:

Are there any restrictions or special considerations when buying property in Portugal as a foreigner?

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Generally, there are no restrictions for foreigners buying property in Portugal. This makes it a popular choice for investors and those seeking a second home. However, there are a few key considerations:  

1. Fiscal Number (NIF):

• You'll need to obtain a Fiscal Number (NIF) from the Portuguese tax authority. This is a unique identification number required for various financial transactions, including property purchases.  

2. Currency Exchange:

• Be aware of currency exchange rates and potential fees when transferring funds to Portugal. It's advisable to consult with a financial advisor to understand the best practices.

3. Property Tax:

• Portugal has property taxes, including a municipal property tax (IMI) and a stamp duty tax (IMT). These taxes can vary depending on the property's location and value.  

4. Residency Requirements:

• If you plan to live in Portugal, you'll need to obtain a residency permit. This can be done through various visa programs, such as the D7 visa (for passive income) or the Golden Visa (for investment).  

5. Property Management:

• Consider hiring a property management company if you're investing in a rental property. They can handle tasks like tenant screening, rent collection, and property maintenance.  

6. Legal Advice:

• It's highly recommended to consult with a local real estate agent and a lawyer specializing in Portuguese property law. They can guide you through the process, ensure you understand your rights and obligations, and help you navigate any potential challenges.  

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