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AICEP
Agência para o Investimento e Comércio Externo de Portugal

CABEÇALHO

Portugal is an increasingly popular choice for South Africans who are looking to embrace the adventures and opportunities of expat life in the EU. Making the move can pay dividends as Portugal offers a favourable tax jurisdiction for financially prudent and high-net-worth expats.

For example, by investing at least €350,000 in the country, and meeting other criteria, South Africans can secure residency on fairly straightforward terms, while also utilising the tax benefits offered by Portugal’s non-habitual residency programme.

 

It is easy to see why so many South Africans are doing it; Portugal’s favourable investment and residency landscape has made it a thriving and innovative economic destination in the European Union. Couple this with one of the more enviable European climates, and you have a simple formula that makes Portugal one of the world’s leading expat retirement destinations.

 

However, despite the many attractions of Portuguese expat life, there are a number of cross-border bureaucratic and wealth management complexities that make careful financial planning essential for any South African who is considering the move. And with the South African Revenue Service (SARS) 183-day rule about to be shelved in favour of a new expat tax regime, South African expats in Portugal now have even more to think about.

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