Portugal is one of the 3 European countries most likely to provide a lucrative investment in the next 10 years, as reported by Price Waterhouse Coopers (PWC) y presentado en A Place In The Sun.
“Spain and Portugal, neighbouring countries,
With a growing market, the country’s current solvency, the support they give to foreign capital and a very attractive tax policy, Portugal is positioned as one of the most profitable countries in the eyes of Spain, the United Kingdom and France.
Regardless of investment considerations, you can always expect to get a quick resale, secure rental income and enjoy visiting your second home at any time of the year. The benefits are very clear.
Tax treaties between countries have gradually eliminated unfair double taxation on the same income and the resident’s country is often allowed to collect the tax. On this basis, Portugal has decided not to levy tax on income from other countries.
The Portuguese legislation allows that income originated outside the country and derived from the work of self-employed persons or professionals, from real estate, from interest and dividends, may be benefited from the exemption programme.
There is also no tax on wealth, inheritance or donations.