Brexit deal has been rescheduled for the third time, now for 31st January 2020 unless the Withdrawal Agreement can be ratified before then. Given the continued possibility of a no-deal crash out, individuals are taking steps to protect their own positions.
To encourage British tourists to continue visiting the country, Turismo de Portugal launched the 'Brelcome' campaign, a pun between 'Brexit' and the word 'welcome', as a contingency plan to minimize the economic impact of United Kingdom’s exit from the European Union.
In addition to an online hotline available on the Visit Portugal portal, British tourists will benefit visa-free travel, dedicated airport corridors, health insurance and recognition of their driving license.
The goal is "to try to settle the British by saying that Portugal is still here, no matter what, with open arms," said the secretary of state.
So, with Brexit deal uncertainty, it's hard to tell how the Portugal NHR system can change for British residents, but those who are thinking of moving to Portugal can do so through the Portugal NHR scheme, which allows applicants to benefit tax-free conditions. Learn more about the tax exemption and Relocating to Portugal after Brexit deal here.
- Considering relocating to Portugal after Brexit?
- EU agrees to visa-free travel for Britons post-Brexit
Since 2015, the number of UK residents in Portugal has grown, as have annual migration flows. That year, residence permits were granted to 17 230 Britons. In 2016, after the referendum, UK residents in Portugal increased by 12.8%, and the growing trend persisted, marking 22 431 in 2017, and over 26 500 in 2018.
If you’re looking to relocate to Portugal the Portugal NHR might be your best option, as you can have several tax benefits, besides the wonderful sunny weather!
If you’re looking for a nice place to live or spend your stay in Portugal, we can also help you find a house or property here.
About Portugal Homes
PortugalHomes.com specializes in investments through Real Estate and Golden Visa. We help buyers find the right property overseas, whether it be for Golden Visa, NHR, Investment or simply a place in the sun. Our properties are selected with great thought in mind to give our clients the best opportunities. We offer the complete service from introducing them to the Legal Representatives, Currency Exchange, Mortgage Advisors, Property Management, Rental and Furniture Packages along with making sure all our staff are trained to fully understand the buying process and taxes for every scenario. Portugal Homes provides the complete service to anyone looking to buy a new or resale property overseas for holiday use or as a short or long-term investment.
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