UK Citizens Can Now Apply for Portugal Golden Visa Programme Due to Brexit

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UK Citizens Can Now Apply for Portugal Golden
Visa Programme Due to Brexit

• https//www.riftrust.com/news-blog/uk-citizens-can
  -now-apply-for-portugal-golden-visa-programme-due-
  to-brexit/

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• As of 1st January 2021, UK citizens are now
  eligible to apply for Portugals Golden Visa
  Residency-by-Investment programme.
• Due to Brexit, the UK is no longer a member of
  the EU and UK citizens lost the right of
  settlement within the EU. Consequently, UK
  citizens are now, more than ever, looking to
  become residents of Portugal through their Golden
  Visa Programme for the following reasons

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• 1) The Portugal Golden Visa programme facilitates
  an expedited route to Portuguese citizenship
  after five years of temporary residency. By
  obtaining Portuguese citizenship, UK citizens
  will regain their European citizenship/right of
  settlement in the EU.
• 2) Golden Visa holders who wish to become
  residents in Portugal benefit from an extremely
  efficient tax structure, under the Non-Habitual
  Tax Regime (NHR) including

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• Worldwide income is exempt from tax
• Portuguese source income (employment and
  self-employment) is liable to a flat 20 tax rate
• No inheritance tax or gift tax

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• The Portugal government has recently announced
  upcoming changes to the Golden Visa. Starting on
  July 1st, 2021, qualifying real estate investment
  areas will change from being unrestricted to
  inland areas only. This means that popular real
  estate investment cities including Lisbon, Porto
  and the Algarve will no-longer qualify for
  would-be applicants for the coveted Golden Visa.

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• In addition, the minimum investment levels are
  also expected to increase. For clients wanting to
  take advantage of the current regulations and
  pricing, Latitude recommends starting your
  application soon to ensure you are grandfathered
  in.
• For more information on the Golden Visa
  please contact us today.