THE ADDRESS Magazine No.20 | Page 200

A limited-edition collection of exclusive residences that is the embodiment of discerning style at a prestigious and historic address F or those on the hunt for a cosmopolitan city getaway, a place of beautiful beaches and historical charm, Lisbon offers a more genuine lifestyle than many other major European waterfront cities. Property here makes an attractive investment prospect, meaning the city’s real estate is experiencing considerable interest amongst foreigner buyers. Many are drawn by the generous tax regime now on offer. Portugal has two programs that make real estate an attractive investment proposition. First, the scheme for Non-Habitual Residents is mainly designed to attract investment from European citizens. And second, the Residence Permit for Investment Activities, more commonly known as the Golden Visa, is popular amongst investors from China, Angola, Russia and Brazil. Non-habitual residents may benefit from the special personal income tax opportunities for a 10-year period. Those wishing to become Portuguese residents benefit from lower taxa206 www.theaddressmagazine.com