Contact

News & Insights

US Tourists Flock to Portugal 

Over the past few months, we have seen the number of US expats moving to Portugal increase steadily, but data also reveals that more and more Americans are willing to make the transatlantic journey for short-term holidays and trips as well as for relocation purposes. 

This uptake in US tourist numbers seems to be in part due to the Covid-19 pandemic, as numbers of visitors before the outbreak of the virus were considerably lower than the data we are seeing now. 

The National Statistics Institute (INE) has revealed that the number of tourists from the North American region, who usually account for 8.4% of overnight stays from non-residents, increased by 27.3% in June when compared to the same time period in 2019. 

This increase was seen in all regions across Portugal, but was particularly apparent in the popular tourist destinations of the Algarve, Lisbon and Madeira. 

The data also revealed an increase in Czech, Romanian and Danish tourists when compared to 2019. 

If you would like to contact one of our experienced Portugal-based advisers, please click the link below. 

This communication is for informational purposes only, based on our understanding of current legislation and practices which is subject to change and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

Blacktower Ready to Respond to New Challenges

Time for a changeLet’s face it: Brexit is a confusing time for everyone. However, it is important that panic doesn’t set in. This applies at every level, from the uppermost echelons of government and business leaders to expatriate workers and the everyday retiree.

The same applies to financial advisers. Not only do clients – and of course the markets – require their calm to steer them through uncertain and uncharted waters, but firms themselves need to stay composed and attentive to ensure that they continue to meet regulatory standards as Brexit unfolds and transition periods take effect.

Read More

Top tips for financial planning in Malta

Sunrise over Maltese HarbourMalta’s favourable residency schemes are likely to stay in place for some time after Brexit and this has propelled the Mediterranean archipelago to the top of the list for some UK citizens who are considering their options for relocation in the near future.

And it’s not just retirees who find this destination appealing. Career-movers will find a number of growth industries on the island; however, wage levels are fairly low when compared to the cost of living so you may be unlikely to make your fortune on the island if you are an unskilled worker. Financial advice in Malta is essential if you wish to make the most of your income and assets.

To help you make a start, we have compiled a list of top tips for financial planning in Malta if you have recently made the move or you are considering making it your main place of residence.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: