THE ADDRESS Magazine No.20 | Page 180

Here is an opportunity to experience an incomparable seaside lifestyle of exclusivity and sophistication D emand for luxury properties has been growing in Portugal with the country’s unique combination of excellent quality of life and favourable tax regime. The tax regime for individuals is very attractive, surpassing other regimes in many ways. The low effective tax burden, further enhanced by the regime for non-habitual residents, the free remittance of funds, the friendly residence permit regime (allowing for free movement within the Schengen Zone) and the possibility to apply for Portuguese nationality and, consequently, an EU passport, make Portugal a very attractive location. The special tax regime program for non-habitual residents sets a flat income 186 tax rate of 20% for specific categories of employment and self-employment in Portug