Law 89/2017 of 21 August was published on 21 August 2017. Among other measures, the new law approved the Legal Framework on the Central Register of Beneficial Owners ("CRBO") provided for in article 34 of Law 83/2017 of 18 August (New measures to combat money laundering and terrorism financing). This law also transposes Chapter III of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing ("4thDirective"). To date, the 4th Directive has only been transposed by around half the EU Member States, which means many have not met the 26 June 2017 deadline to transpose it.
The Golden Visa Programme launched by the Portuguese Authorities in October 2012 is the best investor visa scheme in Europe. Its a fast track for citizens from non European countries and the family members to obtain a fully valid residency permit in Portugal and to travel freely in the vast majority of the countries in Europe (Schengen area).
Tax regime for non-habitual residents The tax regime for non-habitual residents aims at attracting to Portugal nonresidents engaged in high value-added activities or receiving income from intellectual or industrial property rights or know-how, as well as beneficiaries of pensions obtained abroad. It is applied for a period of 10 consecutive years.
How does a mortgage process in Portugal works?
Find a property of your liking and establish the purchase price.
Find your mortgage brokers or banks who you think toy be willing to provide the mortage
Taxation of rental properties in Spain The tax implications of renting out a Spanish property
Introduction There are various situations to consider:
you receive rental income from a Spanish property but are not resident in Spain. For example if you buy a holiday home which you use but occasionally rent out.
ABOUT THE REGIME
The Portuguese Non-Habitual Residency status enables those who become tax resident in Portugal, and are accepted as NHR, the opportunity to receive qualifying income tax free both in Portugal and in the country of source of the income.
Owners of holiday rental properties face Capital Gains Tax blow Two news items relating to the Alojamento Local (AL) registration system for those property owners involved in short-term lettings to tourists further have reduced the chances of anyone registering without being forced to.
The Central Register of the Effective Beneficiary (RCBE) consists of a database with accurate and up-to-date information about the persons who, indirectly or through a third party, have ownership or effective control of established entities in Portugal.
Currently there are approximately 800,000 independent workers registered in Portugal. Being your own boss has its advantages. However, you need to pay careful attention since the contributions and tax payments are made by you, rather than by a company.
