Investment in the East Algarve
East Algarve it’s an international touristic destination due to the sunny weather, wonderful beaches and first-class golf courses. It is also known for its quiet atmosphere, clean air, typical architecture and beautiful landscapes. Algarve has a high level of opportunities to make investments in real estate and tourism development, taking advantage of the benefits that Portugal presented being one of the European countries with better tax benefits to offer.
Beaches in the East Algarve
East Algarve beaches are known as being warm water beaches. There are fine extensive sand beaches and also some islands beaches. The most well-known beaches are Monte Gordo, Praia Verde, Altura, Manta Rota. Praia da Fábrica, in Cacela Velha, was considered one of the world’s top beaches. In East Algarve you also have the option to visit wonderful islands like Tavira island, Fuseta, Armona, Culatra, and others.
Golf courses in the East Algarve
Algarve has become Europe's favorite golf destination, hosting tournaments every year and bringing players from all over the world. In East Algarve you have many options when it comes to choosing a place to play golf in the Algarve like Castro Marim Golf and Country Club, Quinta da Ria Golf, Benamor Golf, and most known one Monte Rei Golf & Country Club.
Healthcare in the East Algarve
Algarve is provided with excellent healthcare services. The most well-known healthcare places are Clínica Lusíadas Faro and Hospital Particular do Algarve (Faro).
Golden Visa - Golden Residence Permit Program
New legal provisions open up the possibility of applying for a residence permit for pursuing investment activities to those who have entered the country regularly (e.g., holders of valid Schengen Visas, or beneficiaries of Visa exemption), by transferring capital, creating jobs or acquiring real estate. Law in force, since 8 October 2012, which allows obtaining Portuguese passport among other benefits (and therefore access to EU Europe) to those that make real estate investments in a value more than 500,000 Euros, making it one of the key decision factors for the foreign public for investment in Algarve. Your real estate agent Engel & Völkers Faro-Tavira can assist you in finding the right property that meet these requirements.
Special Tax Regime for Non-Habitual Residents - NHR regime
Based on a favourable tax regime, this special tax regime intends to attract non-residents, professionals with high value-added activities as well as individuals with a high networth or purchasing power. This attraction is based on the application of the exemption method as the preferred method of elimination of international juridical double taxation of foreign source income and the application of a special rate (mitigated and proportional taxation) to certain yields. For a period of 10 years, taxation related to IRS (personal income tax) on labour income in Portugal is at a fixed rate of 20%. No double taxation for pensions or for employment and self-employment income obtained abroad.
Specialized service in the premium segment
If you want to sell or rent your property, Engel & Völkers Faro-Tavira offers a complete and specialized service: evaluation, promotion and contract closing. If you want to buy or rent, our real estate agency in Faro-Tavira will help you to find the property you're looking for. Our team is available to support you throughout the whole process. Contact us!
Job offers in Engel & Völkers Faro-Tavira
Estate Agents in Faro-Tavira: to become an estate agent you must be enthusiastic about what you are selling; real estate. You must have the ability to distinguish a unique property and a clear attitude towards the client. You have to know where quality is and use your intuition to understand your client's needs with the ability to influence and engage them in the business. If you have these characteristics and qualities, then Engel & Völkers Faro-Tavira is available to receive your application.
