Whether you still have assets and income in the UK or the U.S., or are starting fresh in Portugal, Beacon Global Wealth Management will guide you through the unique complexities of financial planning as an expat in Portugal. We can navigate the Portuguese framework to help you ensure your assets are invested wisely for cross-border tax efficiency.
Whether you still have assets and income in the UK or the U.S., or are starting fresh in Portugal, Beacon Global Wealth Management will guide you through the unique complexities of financial planning as an expat in Portugal. We can navigate the Portuguese framework to help you ensure your assets are invested wisely for cross-border tax efficiency.
Remember, planning your financial future is a journey, not a destination. It’s important to review and adjust your plan as your life circumstances change and new opportunities arise. With dedication, patience, and a little bit of help, you can build a bright financial future for yourself and your loved ones.
Remember, planning your financial future is a journey, not a destination. It’s important to review and adjust your plan as your life circumstances change and new opportunities arise. With dedication, patience, and a little bit of help, you can build a bright financial future for yourself and your loved ones.
We’ve been providing independent financial advice to expats for a number of years. Our consultants are trained and qualified in the UK and understand both the UK and Portuguese fiscal systems. We’re bilingual but all of the paperwork we send you will be in English.
We believe that every expat deserves really good but affordable financial advice. But our mission isn’t just to provide that advice. It’s to provide it in a way that’s clear and easy to understand and to be your long term, supportive and trusted advisor. We want to help you enjoy your life as an expat, in the knowledge that your future’s secure.
We’re a relatively small, but very experienced team. We’re expats ourselves so we understand what it’s like living abroad and pride ourselves on being supportive and friendly. As you find your feet in your new cultural environment, our aim is to make the financial side as uncomplicated as possible. And to be there, at the end of the phone if or when you need us.
We’ve been providing independent financial advice to expats for a number of years. Our consultants are trained and qualified in the UK and understand both the UK and French fiscal systems. We’re bilingual but all of the paperwork we send you will be in English.
We believe that every expat deserves really good but affordable financial advice. But our mission isn’t just to provide that advice. It’s to provide it in a way that’s clear and easy to understand and to be your long term, supportive and trusted advisor. We want to help you enjoy your life as an expat, in the knowledge that your future’s secure.
We’re a relatively small, but very experienced team. We’re expats ourselves so we understand what it’s like living abroad and pride ourselves on being supportive and friendly. As you find your feet in your new cultural environment, our aim is to make the financial side as uncomplicated as possible. And to be there, at the end of the phone if or when you need us.
We take the anxiety out of your finances and help you enjoy life overseas. We take time to understand what you want or need. Then we provide you with specialist financial advice about your pensions, tax planning, investments and inheritance planning.
We’ll make sure you fully understand your new financial position and make the right choices.
Meaning you can look forward to the future you’ve dreamt of, with confidence.
We take the anxiety out of your finances and help you enjoy life overseas. We take time to understand what you want or need. Then we provide you with specialist financial advice about your pensions, tax planning, investments and inheritance planning.
We’ll make sure you fully understand your new financial position and make the right choices.
Meaning you can look forward to the future you’ve dreamt of, with confidence.
We have used David Vacani and Beacon Global since arriving in Portugal – he has helped us understand everything we need to know for our investments and pensions and got our financial affairs all sorted out – we have been very happy to have his input and knowledge
David and his team at Beacon have given us great service and support in understanding Portugal and putting our financial plans together – very very grateful for all his help
We have used David Vacani and Beacon Global since arriving in Portugal – he has helped us understand everything we need to know for our investments and pensions and got our financial affairs all sorted out – we have been very happy to have his input and knowledge.
David and his team at Beacon have given us great service and support in understanding Portugal and putting our financial plans together – very very grateful for all his help
Before you engage us, we’ll get to know you to make sure we’re a good fit. Then we’ll send you an interim letter setting out your situation and what you want or need to achieve.
Once you’re happy that we’re right for you, we’ll provide our recommendations and implement them for you. But there’s never any pressure from us to proceed – that’s just not our style.
We’ll keep an eye on your investments and finances for you to make sure you stay on track, and we’ll provide you with regular statements and an annual review.
Before you engage us, we’ll get to know you to make sure we’re a good fit. Then we’ll send you an interim letter setting out your situation and what you want or need to achieve.
Once you’re happy that we’re right for you, we’ll provide our recommendations and implement them for you. But there’s never any pressure from us to proceed – that’s just not our style.
We’ll keep an eye on your investments and finances for you to make sure you stay on track, and we’ll provide you with regular statements and an annual review.
We know that choosing the right financial advisor is important and we believe that to be a successful partnership, we need to be a good fit. If you have any questions that aren’t covered below, or just want to talk to us to get a better idea of what we’re all about, please get in touch.
We’ll always spend time getting to know and understand you before we work together. We don’t believe in providing one size fits all packages (because they don’t) and all our recommendations are made specifically for you and your unique circumstances.
Our financial advisors are based across Europe. But don’t worry, we’ll identify the nearest and best advisor for you and arrange for you to meet or to have a consultation via Skype.
The financial advisers trading under Beacon Global Wealth Management are members of Nexus Global (IFA network). Nexus Global is a division of Blacktower Financial Management (International) Limited (BFMI) which is licensed and regulated by the Gibraltar Financial Services Commission (FSC) – Licence number 03647
Nexus Global EU is a division of Blacktower Financial Management (Cyprus) Limited (BFMCL) and Blacktower Insurance Agents & Advisors Ltd (BIAAL). Beacon Global Wealth Management is an Appointed Representative of both BFMCL which is licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC) – Licence No. 386/20 and BIAAL which is licensed and regulated by the Insurance Companies Control Service (ICCS) – Licence No. 5101
No, we’re not accountants and so no we can’t. But we do have a network of other specialist professionals who we work with and who we have vetted, so we can recommend an accountant if you need one.
That’s fine, not everyone is a perfect match. We never put people under pressure or time constraints as we want our clients to be happy to work with us and to trust us.
Our fees are transparent and will always be explained to you before we work together. We have several ways we receive payments for our services: 1. Fee based: an hourly rate charged for bespoke work. 2. A fee based as a percentage of the amount invested. This is either taken directly from your investment or you can pay us directly. We will always indicate how much this will be in our full report provided to you. 3. A fee paid to us directly from the company we have recommended. Rest assured we will recommend exactly the right product and company for you, and how much we get paid is not a priority for us, YOU ARE. We always disclose how much we receive and it is directly related to the amount of work involved.
Portugal does not have wealth taxes. Only local taxes on Portuguese real estate apply (as described below).
Portugal levies a municipal tax on the acquisition of Portuguese properties at rates up to 7.5%. Stamp tax duty at 0.8% is also due on the same amount.
Portugal levies an annual municipal tax based on the registered value of Portuguese real estate at rates between 0.3% and 0.45% (depending on the municipality and the type of real estate). Additional Property Tax will also be levied at a rate between 0.7% and 1.5% on properties with registered tax value equal or higher than €600,000. Note: rates may be higher depending on several factors (type of property, type of owner, etc).
Stamp Duty is levied at a 10% rate on Portuguese assets only except for spouses, descendants and ascendants, who are exempt
Stamp Duty is levied on gifts located in Portugal at a 10% rate except for spouses, descendants and ascendants, who are exempt. An additional rate of 0.8% is due on gifts of real estate.
Most expats want to know their financial future is secure. For the past 20 years we’ve been using our Expat Wealth Plan™ to make your money work for you, so you can enjoy your future whatever it holds.
Americans who move to Portugal may face several financial complexities related to taxes, investments, banking, and currency exchange rates. Some of the key issues that Americans may encounter when moving to Portugal include: Banking: Americans who move to Portugal may face difficulties in opening a bank account due to strict Know Your Customer (KYC) regulations.
Background and Taxation Summary This summary provides an initial overview and explains the main guidelines and possible implications of the non-habitual resident (“NHR”) regime for foreigners and Portuguese individuals settling in Portugal after an extended period of living abroad. It deals mainly with individuals receiving pension income, but also sets out other key points of
Qualifying for the NHR status and Registration as NHR Recognition of this status is not automatic and requires activation by attending to the following formalities: Application for a Portuguese taxpayer number Registration as tax resident Request the access codes to the Tax Authorities’ website Application for the NHR status. Nevertheless, in case the Portuguese Tax
Simply complete the form below and we’ll get back to you
The financial advisers trading under Beacon Global Wealth Management are members of Nexus Global (IFA network). Nexus Global is a division of Blacktower Financial Management (International) Limited (BFMI). All approved members of Nexus Global are appointed Representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission (FSC) and bound by the rules under licence number 03647
Nexus Global EU is a division of Blacktower Financial Management (Cyprus) Limited (BFMCL) and Blacktower Insurance Agents & Advisors Ltd (BIAAL). Beacon Global Wealth Management is an Appointed Representative of BFMCL which is licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC) – Licence No. 386/20. Beacon Global Wealth Management is an Appointed Representative of BIAAL which is licensed and regulated by the Insurance Companies Control Service (ICCS) – Licence No. 5101
