This is a superb opportunity to acquire an individual building plot on a small development.
By becoming a tax resident you can qualify for tax exemptions to grow your wealth. Once accepted into the scheme as a NHR, you have the opportunity to receive all qualifying income tax free both in Portugal and in the country where the income is generated.
The only requirement to benefit from this initiative is to become a Portuguese tax resident, having not been a tax resident in Portugal in the previous five years.
In Portuguese Law a Portuguese resident is one who has his / her habitual residence in Portugal or who spends more than 183 days in Portugal in the tax year (1 January to 31 December). If this criteria is met then NHR status is granted for 10 years and comes with all the benefits of an ordinary Portuguese tax resident including healthcare.
At Algarve Retreats we can put you in touch with independent professionals who will be able to advise you based on your personal circumstances and therefore ensuring that you receive the best possible advice. Contact us to have been providing advice to international clients on all forms of foreign investment for nearly 30 years. We also have a 100% success rate for NHR applications.