Delaware not included on EU offshore blacklist
Dec 20, 2017 Economy
Recent speculation that Delaware may have been blacklisted by the EU caused a great deal of concern amongst Algarve property owners whose properties are held in Delaware companies. Now that the list has been published, with no mention of Delaware, the Algarve Resident requested clarification of the current situation from both euroFinesco and The Sovereign Group
The Spanish pensioners are joining the French, Germans, Swedish and Finns in retiring in Portugal and taking advantage of Portugal’s Non-Habitual Resident tax regime.
Apr 3, 2019 Economy
Spanish pensioners move to Portugal for tax benefits. The spanish newspaper says the “people are hospitable,” the “cities are attractive,” it highlights Lisbon, Porto and Braga and mentions the “vast rural landscape,” “healthy diet” and “wild unspoilt coastlines”. ABC states that interest from British citizens has also picked up over Brexit uncertainties with the Lisbon and Porto regions attracting most applications for the NHR regime as well as the Algarve and Madeira. Retired Spanish over 65 group are opting to move to Portugal to avoid paying higher taxes in their own country. ABC states the moving to Portugal means saving thousands of euros in tax payments.
Portugal voted Europe's best tourist destination for the fourth consecutive year in 2020 World Travel Awards
Nov 3, 2020 General
Portugal was elected, for the fourth consecutive year, the Best Destination in Europe in the 2020 edition of the ‘World Travel Awards’, the ‘Oscars of Tourism’, a distinction awarded by professionals in the sector whose ceremony, this year, took place in virtual format. The city of Porto won the award for Best Destination ‘City Break’ (short trips) in Europe. Lisbon took the award for Best European Cruise Destination and the Algarve was again the Best Beach Destination in Europe and Madeira archipelago the best island destination in Europe. In total, Portugal received 21 awards in the tourism sector, in the various categories.
New driving licence launched
Jan 19, 2021 General
A new style of driving licence has been launched in Portugal, featuring an innovative design and an improvement to security validation. This design has resulted in combining offset and screen printing techniques, creating a more harmonious visual aspect of the background with anti-copy motifs - guilloches, microtexts and lines of variable thickness - which cannot be reproduced by conventional means.