Sovereign Group
Sovereign’s office in Lagoa, Algarve, was established in 1999 specifically to meet the growing demand for fiscal assistance from foreign investors and retirees wishing to invest or live in Portugal.
As well as assisting and guiding clients through the complex application processes under Portugal’s popular non-habitual resident (NHR) and ‘golden visa’ schemes, Sovereign provides continued fiscal support for clients that require ongoing fiscal representation and accounting services for the renting out of their Portuguese properties and submission of their tax returns.
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Understandably during this global health emergency, normal life has been paused while priorities have shifted. With all that’s been going on, it is easy to forget that the Brexit transition period is still due to end in just a few months, on 31 December. Reassuringly, we now know that if you are lawfully settled in Portugal before then, you will be able to enjoy uninterrupted residence rights. But with no certainty on what form Brexit will take from 2021 – or whether the UK will even leave with a deal – there are still many unknowns.
Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…
After three years of uncertainty the UK has now left the EU! How will this affect UK residents that have assets in Portugal?
Many foreigners have chosen to live or to buy holiday homes in this wonderful country. But how many have reviewed their estate planning to protect these Portuguese assets? The future has never been so uncertain during the current Covid-19 pandemic, so there has never been a more appropriate time to ensure all your paperwork is in order!
Most people prefer not to think about their own mortality but the current coronavirus crisis has made that impossible. It is estimated that over 50% of people do not have a will and have made no plans regarding their estate. This leaves their loved ones vulnerable and unprotected. Surely now is a good time to sort that out?
