THE ADDRESS Magazine No.21 | Page 87

A modern designer home overlooking a verdant golf course and the blue ocean that stretches on seemingly to infinity W ith spectacular beaches, fine food, excellent local wine, world-famous golf courses and a delightful climate, Portugal real estate continues to beckon international property buyers. Now, expats have extra reasons for investing in Portugal, with the Non-Habitual Residents Tax Regime in place. The regime provides for a flat income tax rate of 20% for qualifying employment and self-employment income, plus a tax exemption for almost all foreign-sourced income. The highly attractive regime does not require an investment and has been created to attract highly qualified talent, pensioners and wealthy individuals and their families. The programme is available to individuals wishing to become a tax resident in Portugal, provided they were not Portuguese tax residents in the previous www.theaddressmagazine.com 87