Financial Advice in Portugal
British Expats Living in Portugal
Moving to Portugal as a British expat offers an enchanting blend of old world charm, breathtaking landscapes, and a warm Mediterranean climate.
With its rich history, vibrant culture, and laid-back lifestyle, Portugal has become a sought-after destination for those seeking a change of scenery.
From the stunning coastlines and picturesque countryside to the bustling cities and quaint villages, Portugal offers a diverse range of experiences for British expats - not to mention the tax-efficiency of the Golden Visa!
With a new scenery comes new laws, regulations and practices. As an affluent Expat in Portugal, one of your key concerns will be financial planning, tax-efficient wealth management and making sure you receive independent and regulated advice at all stages.
Since Brexit, UK financial advisers can no longer service EU clients, so it's important to find an EU regulated, independent financial adviser.
The Portuguese Golden Visa for Expats
The Portuguese Golden Visa scheme is an attractive residency-by-investment program designed to encourage foreign investment in Portugal.
It offers non-European Union (EU) citizens the opportunity to obtain a residence permit by making certain investments in the country. The Golden Visa provides a pathway to residency, allowing individuals and their families to live, work, and study in Portugal.
To obtain a Golden Visa, expats can choose from several investment options. Real estate investment is the most common route. Applicants must invest a minimum amount in properties. This can be done by purchasing existing properties or constructing new ones.
Additionally, there are investment options in job creation, capital transfer, scientific research, and cultural heritage.
The Golden Visa is initially granted for one year. It can be renewed for two-year periods, up to a total of five years.
Holders of the Golden Visa are eligible to apply for permanent residency or Portuguese citizenship after five years. This is provided they meet certain criteria. These criteria include demonstrating sufficient ties to the country, fulfilling residency requirements, and passing language proficiency exams.
It's important to note that the Portuguese Golden Visa scheme is subject to periodic changes and updates, so it's advisable for expats to consult official sources or seek professional guidance to ensure they have the most up-to-date information and meet all the necessary requirements.
Tax-Efficient Wealth Management in Portugal
Wealth management refers to the professional services and strategies employed to help individuals and families grow, protect, and preserve their wealth. It encompasses a wide range of financial services, including investment management, estate planning, tax planning, retirement planning, and more.
The importance of tax efficiency in investments cannot be overstated. Taxes can significantly impact investment returns and the overall growth of wealth.
Individuals can reduce the amount of taxes they pay on investment gains, income, and inheritance by implementing tax-efficient strategies. This will maximise their after-tax returns.
Tax efficiency allows investors to keep more of their hard-earned money, potentially generating higher compound returns over time.
It enables wealth preservation. It facilitates inter-generational wealth transfers and ultimately enhances the financial well-being of individuals and their families.
Seeking guidance will always be beneficial when navigating tax-efficient investing. Experienced financial advisers and tax professionals can provide valuable insights. These insights can help to understand the complex landscape of tax-efficient investing.
Our Flat-Fee, Regulated Advice Guarantee
At The Wealth Genesis, we take pride in our commitment to being fully independent and transparent. As expats in Portugal, we understand the unique financial needs and challenges that you may face.
That's why we prioritise providing unbiased advice and solutions that are tailored to your individual circumstances and goals.
Unlike all other Expat Financial Advisers, we operate on a flat-fee basis.
This means that our clients pay a transparent, fixed fee for our services, eliminating any conflicts of interest that may arise from commissions or hidden charges.
Our independent status enables us to access a wide range of investment options and financial products from various providers. This freedom allows us to select the most suitable solutions that fit your specific needs, without being limited to in-house offerings or predetermined choices.
We believe that this unbiased approach, coupled with our expertise and experience, empowers us to provide you with the highest quality advice and guidance
We are proud of our independent status and flat-fee structure.
Our goal is to help you navigate the complexities of wealth management as an expat in Portugal, ensuring your financial well-being and helping you achieve your goals with peace of mind.
To schedule a free initial consultation to see how we can help, use the diary below.
