Brexit: Have You Considered A Move To Portugal?
Since the U.K decided to leave the EU in 2016, it seems as the though the only certainty has been uncertainty. This has led to what some have been calling, ‘Brexodus’.
The Office for National Statistics shows that the net migration from the EU to Britain has slumped to a six-year low. However, it’s not just EU nationals that are falling out of love with the UK. In 2017, over 17,000 British citizens have obtained citizenship in another EU country. It may be, however, that Brexit is not the only reason why people are moving away from the UK. Portugal has become one of the go-to places for British expatriates, with over 60,000 British citizens having made Portugal their permanent home. Its warmer climate, proximity to the UK and lower cost of living undoubtedly influence the majority of expatriates who have made the move.
Not only does Portugal offer a more appealing lifestyle but there are economic reasons and financial benefits in making the move. Abacus offers a complete service to UK expats wanting to make a move abroad. We can help our clients with:
Non-Habitual Residency (NHR):
NHR is a tax regime for EU residents who have not lived in Portugal for the previous five years. It has tax advantages when receiving dividends, pension income, interest and royalties from white listed jurisdictions for a period of 10 years.
Tax compliance and efficiency:
Abacus has partnered with tax advisers in both the UK and Portugal. We can source any tax-related advice for you and it will be presented to you in one, consolidated report. We also offer fiscal representation services throughout the Algarve.
Through our independent sister company, Abacus Wealth Management, we can obtain advice on pension transfers, investments and holistic financial planning.
Abacus offers a range of company management services. We offer our clients in Portugal Delaware and Maltese property holding companies for high-value properties in the Algarve.