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Fiscal optimisation and your wealth are one and the same.
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As a rentier with significant wealth, you do not want to hand over a large portion of your returns to the tax authorities every year.
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DROPSHIPPERS BEWARE!!
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In 2008, Portugal, along with Spain and Greece, was considered a problem country.
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In a recent article, The Economist wrote: “Crackdowns on financial secrecy aren’t hurting offshore finance”!
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The capital gains tax on financial assets applies to profits realised upon the sale of investments.
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In my practice, I hear a great many misunderstandings and even misconceptions about when, upon emigration, you can escape the iron grip of the tax authorities.
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At the end of 2023, the Portuguese government unexpectedly abolished the NHR scheme.
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If you thought you could outsmart the tax authorities by investing in cryptocurrencies, you’re in for a surprise.
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For years, Portugal has been a fiscally attractive country, thanks to its so-called NHR (non-habitual resident) regime.