Non-Habitual Residents – the step-by-step process to get NHR
By Dr Eduardo Serra Jorge -
11th June 2020
“Non-habitual residents” are considered to be individuals who transfer their residence to Portugal and who, at least in the five years prior to registration as a “resident”, have not maintained their tax domicile in Portuguese territory.
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A rough guide to assess your photovoltaic (PV) needs in the Algarve With ever-increasing energy bills, more people are considering the option of investing in a photovoltaic (PV) solar panel system in order to generate their own power.
Photovoltaic technology is fast-improving in viability, leading to a rise in interest which in turn has seen a number of companies offering solar solutions.
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Lawyers, Law Firms & Legal Advice
MDM Legal
Legal advice in criminal, property, labour, family/inheritance, administrative and contract law throughout the whole of Algarve, Lisbon and Alentejo. Guaranteed first reply to a query within 24 hours. Largo de S. Luis, 11C - 4º Dto, 8000-143 Faro
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When the Brexit transition period ends at the end of the year, UK residents won’t be able to come and go as they please, which is bound to affect demand for second homes in Spain.
As of the first of January 2021 Britons can only spend 90 days out of every 180 days in the EU without a visa.
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What to do with an off-shore company anno 2020 Many of us, including myself, decided in the late nineties – early 20th. century to put their property in an offshore structure and maybe even put it in Trust.
Basically, there are 3 ways you could have acquired the shares of an offshore company:
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Electricity supply in Portugal has historically been provided only by Electricidade de Portugal (EDP). Power provided by EDP is 220V AC, 50Hz single-phase or 380V AC, 50Hz three-phase. This is the same as in most of mainland Europe and Africa. It is different from that supplied in USA, UK, Ireland and most of anglophile Africa.
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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").
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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).
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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
They will send you a simulation and give you a break down of the cost and monthly payments.
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