1. Where do you stand financially?
2. Where to you want to go, and how can you get there?
Let us help you with a comprehensive approach to financial planning. We can provide you with sound advice for your financial life, be it on income tax, your retirement, estate planning and investment management.
We take pride in our independence, placing great emphasis on impartial recommendations and personal service. We speak your language!
You are faced with unfamiliar obligations in a new land?
You want a smooth transition from the past to a sound financial future?
Established in 1991, euroFINESCO, helps expatriates to make the most of their new life in Portugal. We are a full service company – ask us, we can assist you! We can be your one-stop-shop for advice and information, based on our long experience and extensive knowledge of the country and the way things are done.
euroFINESCO is here to guide you, keep you compliant and prepare you to meet your goals. For your daily life, a Tax Number, Residency Certificate and a Health Card can be indispensable. If you drive, you need to register your foreign driving license, and so on. We are here to help you cut the bureaucracy – been there, done it!
Portuguese Income Tax
Cross Border Estate Planning
Evaluation - Analysis - Implementation
Bilateral Tax Treaties - Tax Residency and Compliance Matters
euroFINESCO is a also recognised leader in Property Company representation, whether it be Portuguese compliance requirements, redomiciliations or domiciliary services.
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Improved conditions and generous tax breaks have attracted more foreigners to Portugal in the last year and a half. The increase in the number of Non-Habitual Residents was 83% over the period, currently totalling 23,767 with NHR status. The rise is mainly from France, Italy and the UK. Emigrated Portuguese nationals are also returning but only account for 6% of the total.
Immediate money transfers (taking a maximum of 10 seconds to complete) have become accessible in the Portuguese banking system as of 18 September 2018 according to the Bank of Portugal. This new method can be used 24 hours a day, 365 days a year. The maximum amount to be transferred is currently capped at _15,000. This ceiling is defined at the European level and may change in the future.
Instant transfers are not limited to the Portuguese banking system. The new system allows for interbank and international transfers between all EU and EEU banks.
Current availability depends on each bank and the type of account held. At present, Santander Totta and Millennium BCP have already launched the service. The state-owned bank, Caixa Geral de Depósitos (CGD), has not. It is essential to consult your bank to determine pricing of any associated commissions as well as how to use the service. Also note that MB Way also allows for immediate transfers within the Multibanco network.