In recent days, information has caught the attention of the European press that Prince Harry and Meghan Markle bought one house in Portugal, supposedly with the possibility of obtaining a Golden Visa, which allows them to reside only 7 days a year in that European country, but with the possibility of paying lower taxes in the old continent.
In this regard, little by little more information has been emerging, making several of the causes that would have led to the dSussex Dukes to obtain your second residence in a country other than the United Kingdom.
Before beginning the account of the motivations that led the youngest son of King Carlos III and his wife to buy their second residence in Portugal, it is worth mentioning that They have not been the only celebrities to carry out this real estate move, as figures such as Nicole Kidman and Keith Urban, Scarlett Johansson, Michael Fassbender and Alicia Vikander, and Monica Bellucci have also reportedly purchased properties there.
What are the 3 causes that would have motivated Prince Harry and Meghan Markle to buy a house in Portugal?
According to the British media The Standard, the main reason why the Sussexes decided to get their second home in Portugal It has to do with “connectivity, innovation and a diverse cultural scene”, according to what was stated by Miguel Lacerda, residential director of Savills in Lisbon.
Another reason why The royal exiles may have chosen this region for “executive nomads” due to the good climate. and the international and private airports that surround the site, elements that make the region a “very convenient” space for high net worth individuals (HNWI) looking for a European base, according to Alex Koch of Gooreynd, partner at Knight Frank, before The Standard.
Last but not least, it would be the attractive tax regime that said nation has. “Portugal’s Non-Habitual Residence (NHR) program offers foreign residents and investors a series of global wealth tax exemptions and preferential rates for 10 years. Introduced after the 2008 financial crisis,” states the aforementioned media. This variable would convert to Portugal in a kind of “safe haven for the super rich” and in a kind of “European Hamptons” it is stated.
“Portugal continues to attract high net worth individuals for reasons that go far beyond its favorable tax regime. Factors such as privacy, quality of life and security are becoming increasingly important,” says Koch of Gooreynd, before The Standard.
