Why Invest in Portugal

With more than 200,000 Britons and Irishmen investing properties in Portugal, this country has proven to be one of the world’s most sought-after vacation spots, or business or for pleasure.

The reasons why Portugal is now the hottest destinations to be are aside from their people being friendly and accommodating, Portugal is also the choice country because of its ease of access, its wonderful climate and the sumptuous cuisine.

One of the stunning places in Portugal is the Algarve region, where the best sandy beaches are located. It is also found here the best in golf courses, where golfers can tee off and have fun. There are also lots of international schools here for those investors who would want to relocate.

Algarve has also been a witness to the steady increase in investment of properties for the past ten years such as in Vilamoura. In places like the Quinta do Lago and Vale de Lobo, there is also a steady uphill of foreign investors as much as 20 percent to 30 percent. Annually. The best part is the political and economic climate are both stable.

As for the taxation in the country, it has now improved with the new legislation now put into place which means it is advisable not to purchase your property from an offschore company, which was what usually what investors did until 2004.

Foreigners also need to take tax advice since tax rates can also change annually. Capital gains tax has been reduced and also inheritance tax position has definitely improved.

Golf tourism has been quite booming in this part of the country for years, especially in the Algarve region, and the hype is not quieting down. There are also good yields that are quite available in the coast access.

For investors wanting to get into Portugal, there are also cheaper filghts into Lisbon and Faro airports, the entire motorway has been opened into the Algarve region to investors and tourists.

Posted on: Portugal

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Why Invest in Portugal

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