THE ADDRESS Magazine No.20 | Page 202

tion on foreign income and a full exemption on income from Portugal itself. If a double taxation agreement is in place with their home country, double exemption on payment of taxes is even possible. Eligible income includes business and professional, as well as interest and dividends. The Golden Visa program allows non-EU citizens to obtain a residence permit, with the resulting allowance for free movement within the entire European Schengen area. Portugal 208 becomes a natural entranceway to other EU countries whilst its links to other Portuguesespeaking nations, such as Brazil, is an additional attraction. Economic openness, political stability and a fair judicial system are further enticements to Portuguese residency. One of Europe’s most picturesque capitals, Lisbon is the go-to place for iconic architecture, revered art and trending fashion. The city evokes a colourful image of a rich cultural heritage, including yellow trams winding uphill www.theaddressmagazine.com