Changes in Portuguese Tax

Changes in result and tax reduction in Portugal are very much important, especially with people buying properties in their own name. Investors who would still want to purchase Portugal properties through offshore companies, it is advisable that you seek legal advice and specialist tax before proceeding.

Getting to Portugal is as easy as tourists can now fly direct from Faro to Dublin on Air Luxor. The airline is accommodating passengers two days in a week, on Thursdays and Sundays, as a promotional tour of 230 euros. The inauguration of these flights consisted of jet water being sprayed in a symbolic ceremony, courtesy of the Faro Bombeiros, and an excited and anxious pool of staff and reporters in the airport. There were also public relations staff from the Faro airport who were giving out momentos to leaving passengers from the flights. According to airport director, Antonio Correia Mendez, the “Irish” market is very much important since the Irish people are the fourth largest generator of passengers to the Algarve, and according to the Regional Algarve Tourist Authority, tourists from Ireland represent the highest average daily spenders in Europe.

There is also a second marina that is waiting to be built in the next couple of years, beside the present marina, in Vilamoura area, with a walkway leading to the Falesia Beach, which is a protected white and sandy beach. There are also new golf courses to be developed in the Vilmoura area, such as the Vista Golf, which overlooks the 16th hole of one of several golf courses in the Vilmoura area, which are large apartments with distant sea views from the upper floors. The cost for these apartments range from 180,000 to 290,000 euros for two bedroom apartments. These breathtaking places usually are about 15 minutes walk and 5 minutes drive.

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Changes in Portuguese Tax

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