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What is the property Tax in Portugal?
18 April 2024
Anyone who owns a property in Portugal on 31 December is in principle liable to pay Property Tax for that year. The Portuguese property tax – which is called in Portugal: Imposto Municipal sobre Imóveis (IMI) - is a municipality tax and gets charged by the Finance office. The value gets determined on
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Useful facts about the Algarve
4 April 2024
The Algarve has been a very popular region for buying a (second) home for years and is still growing in popularity. The friendly climate i sone of the most important things for this. Also for investors who are looking to buy an investment in real estate this is quite useful. Due to the warm climate all year round, the yield you can get on your investment is quite interesting.
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What is the status of the Golden Visa?
4 April 2024
For many years the Golden Visa scheme was most popular amongst expats as a vehicle to enter Europa through a Portuguese citizenship by using a real estate investment. This scheme has been questioned by the European Union for several years and eventually they pressured Portugal to make changes to the Golden Visa regulations.
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Do I pay capital gains tax in Portugal?
29 March 2024
In Portugal, you’ll pay capital gains tax (Mais Válias) once you have sold your property with profit. Basically, you need to pay capital gains tax on the difference between the purchase price and the selling price, with some deductible costs and expenses. The Portugues tax laws make a difference between EU citizens and non-EU citizens, which you need to be aware off.
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Can I apply for a Digital Nomad visa in Portugal?
15 March 2024
It has never been more attractive to explore the world and making a living abroad as it´s now. Portugal offers very attractive possibilities for digital nomads to enter the country and make a living. If you want to work remotely from Portugal, it is possible to obtain a temporary stay visa and a residence permit to carry out your professional activity, for an entity based outside the national territory. To obtain a visa you must follow the legal procedures:
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What is the most popular place to invest in Portugal?
8 March 2024
Portugal is not a small country, but many people only know Lisbon and Porto and maybe The Algarve as a region. But what is the most popular investment area in Portugal? At WESTMARK estate agency we obviously know where most properties are being sold, we are in Algarve for a reason. In 2023 in Portugal 136,499 homes were sold for a total of