Categories: Taxation

What wealth strategies for Non-Habitual Residents?

<h2 class="p1">Wealth strategies for non-habitual residents &quest;</h2>&NewLine;By crossing the Pyrenees to set down your bags here&comma; in Portugal&comma; you've adopted a second homeland with a dream setting&comma; between mild climate&comma; dazzling blue skies&comma; rich history&comma; thousand-year-old culture&comma; art de vivre&comma; ... not to mention the legendary kindness of its people&period; And that's not all&comma; as you'll receive a welcome gift&comma; of a fiscal nature this one&comma; the much-appreciated status of Non-Habitual Resident&period;&NewLine;10 years of tax-free pensions for some&comma; retirees&comma; more and more of whom are choosing Europe's new Florida as their new home&comma; and exceptional conditions for many others&comma; whether entrepreneurs&comma; artists&comma; or doctors&period;&NewLine;Before indulging in the carefree Lusitanian way of life&comma; take the time to secure your status as much as possible and adapt your wealth strategy&comma; where your change of life has generated new complexity&comma; in an environment that has become de facto international&period;&NewLine;Let's not forget&comma; our tax administrations&comma; although increasingly collaborative with each other&comma; remain independent&comma; and have very specific objectives... &NewLine;<h2 class="p2">Obtaining RNH status does not necessarily guarantee&comma; from your country of origin&comma; the conditions of non-residence&period; </h2>&NewLine;You will therefore need to secure your situation in the eyes of two administrations and through the prism of their tax treaty&period;&NewLine;With this in mind&comma; you can think about implementing a few good practices&comma; seeking on the one hand to avoid any doubt as to your "permanent home" and on the other hand to refocus your "economic interests" as far as possible on Portugal&period;&NewLine;You're probably already comfortably settled in your new "home sweet home" in Portugal&comma; but be careful&comma; if you've retained real estate assets in your country of origin&comma; you'd be wise to ensure that these assets are no longer at your disposal &colon; sale&comma; rental&comma; or even in certain circumstances&comma; dismemberment&comma; the question deserves thought to avoid any questioning of your effective residence&period;&NewLine;As far as your economic interests are concerned&comma; it's obvious&comma; it's best to renounce executive and professional functions in France&period; Beyond these good reflexes&comma; a few additional adjustments may be invaluable in securing your position as a non-resident with regard to your homelands&period;&NewLine;Some ideas &quest; What if you were to develop new activities here in Portugal, where there's no shortage of great entrepreneurial opportunities&period; Your talents and capital could be useful &excl; But&comma; "let's keep it simple"&colon; your wealth strategy should above all contemplate a geographical component&period; Rebalancing your financial and real estate assets&comma; between France&comma; Portugal&comma; even Luxembourg&comma; is a necessity&period;&NewLine;Generating taxable income in Portugal is just as advisable&period; This is one of the essential conditions for the application of the Franco-Portuguese tax treaty&comma; the cornerstone of the <a href="https&colon;//vivreauportugalconsulting&period;com/demande-de-rnh-portugal/">RNH status</a>&period; Numerous possibilities exist through the implementation of financial or real estate wealth strategies&period;&NewLine;Secure your <a href="https&colon;//vivreauportugalconsulting&period;com/question-fiscale-au-portugal/">tax status</a>&comma; redefining the geographical contours of your wealth&comma; these are already two essential steps in defining your strategy&period; And that's without mentioning the civil issues &colon; matrimonial regimes&comma; civil partnerships&comma; blended families&comma; cross-border gifts and inheritances&comma; the rules of the game change as soon as your new life begins&comma; here in Portugal&period;&NewLine;Last but not least&comma; how to combine all these tax&comma; geographical and civil dimensions with your own objectives &quest; An international and global approach to wealth management will be the key to your success&comma; in restructuring your financial and real estate assets&period;&NewLine;Whether you wish to increase your wealth&comma; optimize your tax situation&comma; protect your loved ones&comma; prepare for your retirement&comma; anticipate your transfer&comma; enhance your entrepreneurial capital&comma; or even prepare for your return to France&comma; or, on the contrary, anticipate the future expiry of your RNH status&comma; ask yourself the right questions... or ask us&period;. or ask us&period; Don't hesitate to ask us about your wealth management issues&comma; Luxembourg life insurance&comma; bare ownership&comma; financing&comma; taxation of savings&comma; etc&period;&NewLine;Article by Claire Teixeira published in the magazine Living in Portugal&NewLine;&NewLine;

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