five years. Such status is granted for a period
of ten consecutive years. To be considered
a tax resident, the individual is required to
remain in Portugal for more than 183 days
during the relevant fiscal year, or else have a
dwelling in Portugal on December 31 of that
year, with the intention of holding it as one’s
habitual residence.
With a program such as this, it is no surprise
that Portugal is becoming a top choice for
88
ultra-high and high net worth individuals
who wish to take up residence in the
European Union.
The Algarve remains, by some margin, the
major draw for overseas buyers in Portugal.
Not only does it offer the fantastic year-round
climate, it is one of Europe’s top golfing
destinations and boasts fabulous beaches
along 150 kilometres of coastline. There is easy
access to Faro International Airport from most
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