Millionaire Magnet: Wealthy Expats Flock to the Algarve
As Portugal continues to attract high-net-worth individuals (HNWIs) from around the globe, it’s evident that the country’s reputation as a haven for the wealthy is stronger than ever. Recently named Algarve Business of the Year, Blacktower Financial Management is positioned to guide individuals looking to make Portugal their new home or optimise their financial arrangements […]
Sun, Sea, Security: Why Celebrities Are Flocking to Portugal
Portugal has emerged as a premier destination for high-net-worth individuals (HNWIs) and celebrities seeking a blend of luxury, privacy, and favourable financial conditions. The country’s allure extends beyond its picturesque landscapes and pleasant climate; it offers a unique combination of safety, cultural richness, and advantageous tax regimes that appeal to the affluent. The result? There […]
Portugal’s Youth Tax Breaks: Bold Move to Combat Brain Drain
Portugal is on the brink of enacting a groundbreaking fiscal policy aimed at reversing the brain drain that has seen many young professionals leave its shores for better opportunities abroad. Portugal’s youth tax breaks are a new, bold initiative, championed by Prime Minister Luís Montenegro’s centre-right government, proposes a series of substantial tax breaks for […]
Understanding the Updated Portugal Golden Visa Programme
Since its establishment in 2012, the Portugal Golden Visa has stood out as a prominent residency-by-investment program in Europe, designed to stimulate foreign investment. For many, however, understanding the updated Portugal Golden Visa scheme, which has seen significant shifts in recent months, can be rather headache-inducing. The program offers non-EU investors the chance to gain […]
The Best Things About Living in Portugal
Here are some of the best things about living in Portugal, with its stunning landscapes, vibrant culture, and welcoming atmosphere, has emerged as a top destination for expats from the US and UK seeking a change of scenery and a taste of the laid-back Mediterranean lifestyle. Living in Portugal offers a unique blend of modern […]
The Italian Flat Tax Regime: A New Haven for the Wealthy
Italy has long been a top destination for anyone seeking a charmed life. A combination of rich culture and stunning landscapes have always made settling in Italy an attractive prospect, but the allure of Bel Paese has peaked in recent years. The appeal lies in the country’s flat tax regime, an increasingly strong magnet for […]
Navigating French Taxes in 2024: What Expats Need to Know
As expatriates living in France, understanding the nuances of the local tax system is crucial to effectively manage your finances and ensure compliance. Enjoy our guide to navigating French taxes in 2024 for expats. France is renowned for its comprehensive welfare system, funded by various taxes and social charges, which in turn offers residents a […]
Financial Advice for UK Expats in Cyprus: A Comprehensive 2024 Guide
At time of writing, Brexit ‘negotiations’ are ongoing with a matter of weeks remaining before the UK’s exit from the European Union. All UK firms operating in the EU will be impacted and that includes those providing financial services also.
So how does this affect Cyprus residents and your relationship with financial services providers in the UK?
Assuming the UK leaves the EU without a withdrawal agreement by 29th March then UK financial advisers will be unable to service their clients who are resident in Cyprus and all other member states outwith the UK. This is because UK firms have previously been able to ‘passport’ their services across the EU. If there is no deal then such passports will effectively be torn up.