Portugal: Europe’s newest tax haven for retirees

Attracted by a new tax regime, Europeans from high tax jurisdictions are now flocking to Portugal
Benefits include tax exemption of pensions and other foreign passive income
Domestic income from high value-added occupations is taxed at relatively low flat rate

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Top 10 reasons to relocate to Portugal’s Western Algarve

1. Climate

3,000 hours of sunshine per year, cooling ocean breezes to moderate the summer heat, and seasonal rainfall all contribute to a great climate. No wonder Andalusians have been snapping up holiday homes in the area!

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