However, they faced concerns about visa complexities, especially for their adult child, aged 19. Additionally, they needed expert guidance on finding the perfect property within their £2.3 million budget and choosing the best location to call home.
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They had holidayed in Portugal as a family for many years and had wealthy friends who lived in the Algarve. They were ready to embrace a more relaxed lifestyle while running his UK-based international business.
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The family's passion for outdoor activities, including tennis and water sports, combined with Portugal's climate, made the Algarve an ideal destination. This, coupled with the ability to take dividends from their international business in the UK at 0% tax under the Non Habitual Residency (NHR) tax regime, made this decision easy.