Portugal – One of the sunniest places in Europe
Gibraltar – One of the sunniest places in Europe
Now that Britain is no longer in the EU, Brits can apply for a D7 visa which means you can live in Portugal, one of the sunniest places in Europe, and enjoy a massively reduced tax bill on your passive income.
Once you have your D7 in place you can apply for the Non Habitual Residents scheme, which means that for the next ten years you’ll pay just 10% tax on your income from property rental, business dividends and interest on your investment portfolio.
So you can enjoy the best climate in Europe, the world class golf courses and beaches of the Algarve and some delightful food and wine while slashing your tax bill to a fraction of what you pay in the UK. With British company and personal taxes increasing sharply to cover the cost of the pandemic, this is a great time to implement Plan B here in the Algarve.