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.
Many expats earn more abroad than they would at home, have lower tax liability and a range of investment options. However, despite these advantages, some fail to adequately account for one essential aspect of wealth management: 
A new report published by the Cabinet Office has found that expat UK pensioners will be in need of sound expat financial advice should Britain choose to leave the EU following June 23rd’s referendum. The report states that any such Brexit would cause a “decade of uncertainty” for expat UK pensioners, potentially prompting the need for urgent expat wealth management advice.