{"id":4660,"date":"2023-05-12T16:04:08","date_gmt":"2023-05-12T16:04:08","guid":{"rendered":"https:\/\/www.lawspropertyportugal.com\/brexit-drives-british-millionaires-to-portugal-for-tax-and-eu-perks-but-its-about-to-get-complicated\/"},"modified":"2023-05-12T16:04:08","modified_gmt":"2023-05-12T16:04:08","slug":"brexit-drives-british-millionaires-to-portugal-for-tax-and-eu-perks-but-its-about-to-get-complicated","status":"publish","type":"post","link":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/brexit-drives-british-millionaires-to-portugal-for-tax-and-eu-perks-but-its-about-to-get-complicated\/","title":{"rendered":"Brexit drives British millionaires to Portugal for tax and EU perks \u2014 but it\u2019s about to get complicated"},"content":{"rendered":"\n<p>&nbsp;Nov 15, 2021&nbsp;| European visa-free travel and citizenship are behind a 34% rise in Britons moving to Portugal, but are you ready for the countryside?<\/p>\n\n\n\n<p>More Britons than ever before have decided to make Portugal their permanent home, with 2020 seeing a 34% rise in those living there, according to the latest data from the country\u2019s borders and immigration service (SEF). Now, the 46,238 official British residents in Portugal are the country\u2019s second largest group of foreign residents after Brazilians (pre-Brexit, we were in sixth place).<\/p>\n\n\n\n<p>Brexit has been a huge driver, says Christina Hippisley, from the Portuguese Chamber of Commerce in the UK. \u201cBefore 2016, the numbers either shrank or grew by a maximum of 4% a year, but they\u2019ve been shooting up ever since.\u201d<\/p>\n\n\n\n<p>Portugal\u2019s non-habitual resident tax scheme, which offers foreigners low income tax rates, has also been a magnet for those able to spend at least half the year there. Now that we\u2019re non-EU, UK buyers in Portugal qualify for a golden visa too \u2013 which brings perks of European visa-free travel and, after five years, citizenship.<\/p>\n\n\n\n<p>The scheme is changing, though. From January 2022, much of the Lisbon, Porto and Algarve coast \u2013 where most foreigners traditionally settle \u2013 will no longer qualify, in a move to push property investment towards more rural areas.<\/p>\n\n\n\n<p>The stars are aligned, it seems, as Covid has also seen big budget buyers look for greener, more open spaces. And while the Portuguese countryside has, until recently, been the place to look for the cheap, rustic lifestyle in sleepy villages, new high-end developments that blend rural luxury with authentic Portuguese design and a respect for nature are on the rise.<\/p>\n\n\n\n<p>To view our properties, please visit:&nbsp;<a href=\"https:\/\/www.lawspropertyportugal.com\/all-properties-property-for-sale-in-the-algarve\/\">All properties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Nov 15, 2021&nbsp;| European visa-free travel and citizenship are behind a 34% rise in Britons moving to Portugal, but are you ready for the countryside? More Britons than ever before have decided to make Portugal their permanent home, with 2020 seeing a 34% rise in those living there, according to the latest data from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4661,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-properties"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/posts\/4660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/comments?post=4660"}],"version-history":[{"count":0,"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/posts\/4660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/media\/4661"}],"wp:attachment":[{"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/media?parent=4660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/categories?post=4660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lawspropertyportugal.com\/pt-pt\/wp-json\/wp\/v2\/tags?post=4660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}