Due to unforeseen circumstances, the webinar session has been postponed to Wednesday 15 April 12.30-1.30pm.
Howard Bilton, Chairman, The Sovereign Group
Lisbon is the sunniest capital in Europe with 300 days of sunshine a year. It is the oldest settled capital city in Europe. It has beautiful unspoilt architecture, great restaurants and bars, it is close to a host of epic beaches on the Atlantic coast and to the beautiful vineyards of the Alentejo and the people are friendly and welcoming.
Non-habitual residents (NHRs) are granted substantial tax advantages. They are not given a complete tax holiday but with careful structuring should be able to live in Portugal tax free for the 10 year designated term. But a recent change has imposed a 10% tax on pensions and a similar tax on dividends is under discussion.
For the moment, those holding a UK passport are still treated as EU residents but that is scheduled to change at the end of the year. After that, any UK passport holder wishing to take up residency in Portugal would need to go through the normal immigration channels. The Golden Visa is a completely different matter but can be combined with NHR.
The Golden Visa is designed to attract non-EU investors who want to come to Portugal. By investing €500,000 in property (€350,000 in areas which are deemed development areas or a similar sum in an employment producing business or other approved investments) it is possible to obtain permanent residency rights in Portugal. Changes are also under discussion here and it seems likely that from the end of this year investment into all “coastal areas” which include Lisbon, Oporto and the Algarve will no longer be allowed.
The time to act is now. Join this webinar to learn more about investment opportunities in Portugal.
Details on how to join this webinar will be sent via email 2 hours before the webinar start time.
About the speaker
Howard Bilton is Chairman and founder of The Sovereign Group – one of the world’s largest privately-owned consultancies specialising in the provision of offshore trusts and companies and associated international tax advice. Howard currently lives and works in Hong Kong. Howard holds a joint honours degree in classics and law from the University of Keele and is qualified as a Barrister and called to the Bars of England/Wales and Gibraltar. As a visiting non-resident Professor at Texas A and M University, he assists with their LLM and Master’s degrees in International Tax and Offshore Centres. He is a regular contributor of articles to numerous newspapers and technical new wires. In 2003, Howard formed The Sovereign Art Foundation (SAF), a charitable organisation registered in Guernsey, Malta, Singapore, South Africa and the United Kingdom. SAF runs a range of art prizes designed to increase the exposure of artists in the region, while raising money to help disadvantaged children. SAF has raised over US$9 million and has helped thousands of disadvantaged children using expressive arts as a means of education and rehabilitation. Howard is also the Founder and Chairman of Howard’s Folly Wines, Portugal. All wines use art on the labels and often feature work by finalists of The Sovereign Asian Art Prize of the same year. A proportion of the wine operations revenue goes to support SAF.
- Member: Free of charge
- Non-Member: HK$140
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