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

Panama Papers and the banks

panama papersAt the moment, politicians across the world – especially, it seems, in the UK – are in the spotlight regarding their tax affairs. Banks, however, will also soon be in the spotlight, as by Friday 15th April they have been told to hand any information regarding their dealings with the law firm at the centre of the Panama Papers over to the UK’s Financial Conduct Authority.

As a result, pressure is growing on the City watchdog to launch a full-blown investigation into these explosive claims.

It has already become clear that nearly all of the major banks are involved to some degree, with a few well known Banks such as HSBC, Deutsche Bank, UBS, Coutts and Rothschild’s standing out more than others.

Read More

Grand Cayman wealth management benefits from technology

As a holistic provider of wealth management services in the Grand Cayman and other strategic locations across the world, Blacktower is committed to ongoing innovation in order to continually consolidate and better the level of service it provides its clients.

As such, it comes as little surprise to us that a recent piece of research by ComPeer suggests that wealth managers should digitise their operations and embrace fintech if they are to continue to attract clients.

It is truly an exciting time to be involved in wealth management. As one of the UK’s longest standing wealth management companies Blacktower has all the requisite experience of both serving clients and dealing with regulators; we believe that coupling this strong foundation with a commitment to technological modernisation puts us at the forefront of wealth management in Grand Cayman as well as the other locations from which we operate.

Read More

Select your country

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