What Does Portugal Offer as a Family Office Location?

[sumaiyakhatun26]

There are many factors to take into consideration when reviewing the best location for a Family Office. These factors naturally differ depending on the particular situation. Dixcart are well-positioned to offer advice and insight into determining which jurisdiction is best suited to meet specific family needs.

Portugal Family Office
Portugal is particularly well suited, being an EU member country, offering a beneficial mix of japan mobile database corporate and personal income tax advantages, which are touched on briefly below.

General Reasons
Portugal is a very safe country that is well established within the EU and under relevant EU Laws.
Portugal has a well-qualified and skilled labour force, with relatively low labour costs, within the EU.
Tax Reasons
Zero tax is payable on inherited wealth and on gifts and donations, in Portugal.
Portugal does not levy wealth tax, only income is taxed. This therefore reduces the potential tax burden on accumulated wealth, namely on assets with capitalised capital gains.
Gratuitous transfers of property, in life or upon death, between spouses, descendants and ascendants is covered by an exemption from Stamp Tax (10% tax rate), regardless of the amount and/or the type of taxpayer. This exemption applies to; shares, bonds, cash and immovable property (although the latter is subject to a 0.8% tax rate when transfers are made ‘in life’).
Portuguese companies, incorporated within the EU approved Madeira International Business Centre (IBC), benefit from a 5% corporate tax rate on international income.