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Blog
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Do I pay capital gains tax in Portugal?
29 March 2024
In Portugal, you’ll pay capital gains tax (Mais Válias) once you have sold your property with profit. Basically, you need to pay capital gains tax on the difference between the purchase price and the selling price, with some deductible costs and expenses. The Portugues tax laws make a difference between EU citizens and non-EU citizens, which you need to be aware off.
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Can I apply for a Digital Nomad visa in Portugal?
15 March 2024
It has never been more attractive to explore the world and making a living abroad as it´s now. Portugal offers very attractive possibilities for digital nomads to enter the country and make a living. If you want to work remotely from Portugal, it is possible to obtain a temporary stay visa and a residence permit to carry out your professional activity, for an entity based outside the national territory. To obtain a visa you must follow the legal procedures:
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What is the most popular place to invest in Portugal?
8 March 2024
Portugal is not a small country, but many people only know Lisbon and Porto and maybe The Algarve as a region. But what is the most popular investment area in Portugal? At WESTMARK estate agency we obviously know where most properties are being sold, we are in Algarve for a reason. In 2023 in Portugal 136,499 homes were sold for a total of
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First steps in immigration to Portugal
1 March 2024
WESTMARK estate agency offers special services for people who are looking to move and live in Portugal. As foreigners by origin who made the move to Portugal, we know the struggle. There are so many things you need to do, and the bureaucracy is very strong in Portugal. When you are not taking the steps in the right order, you´ll get lost and become frustrated.
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Best way to find property in Albufeira
23 February 2024
How to find a property in Albufeira, Vilamoura or Loulé? You are looking for a property in the prestigious areas of Vilamoura, Albufeira or the hills in Loulé? There is nothing more difficult than finding a perfect holiday home abroad, being in another country and not knowing what the actual market has to offer.
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First thing is to obtain your NIF number
15 February 2024
Before you can do any business, sign any contract in Portugal, you will need to get the fiscal Number (Número Identificaçã Fiscal) NIF, without this NIF you cannot do anything in Portugal. It is based on 9 digits and all people living in Portugal, local and foreign, must have it. Without it you will be blocked for all administrative procedures in Portugal, and you cannot obtain the Social Security....