Portugal as a Destination for UK, U.S., and Other Tax Residents: Latest Immigration and Tax Strategies
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will review the impact of recent significant changes to Portugal's tax guidelines and the impact of these changes on immigrants. Our panel of international wealth transfer veterans will discuss the tax ramifications of expatriating and residing in Portugal for U.S., UK, and other countries who are anticipating a move. Their presentation will include multiple case studies of taxpayers relocating to Portugal and the tax considerations and effects of their relocations.
Outline
- Portugal: tax considerations for immigrants
- Motivations of non-doms and UK domiciliaries under the new Labour government
- Motivations for Americans considering living abroad or expatriating
- Motivations for taxpayers of other countries such as France, Canada, and South Africa
- Portugese immigration options
- Digital nomad
- D7
- Golden Visa
- Portugal tax planning options
- Case studies
- UK non-dom
- UK dom
- American living abroad
- American expatriating
Benefits
The panel will cover these and other critical issues:
- Immigration options including Golden Visas
- Portugal's new tax guidelines for foreigners
- Tax considerations of U.K. non-doms and doms relocating to Portugal
- Tax considerations of Americans expatriating or relocating to Portugal
- Case studies including the tax impact of foreigners moving to Portugal
Faculty
Nuno Cunha Barnabé
Partner
Abreu Advogados
Mr. Barnabé is a Partner and has been at Abreu Advogados since 2019, working in the tax area with a focus on... | Read More
Mr. Barnabé is a Partner and has been at Abreu Advogados since 2019, working in the tax area with a focus on Private Clients, Wealth and Succession. With over 20 years’ experience in tax law, Mr. Barnabé is a specialist in wealth taxation and estate planning, advising private clients, family offices, private banks and asset managers in Portugal and Portuguese-speaking African countries and cross-border Switzerland, UK and US. Mr. Barnabé is a dual qualified lawyer in Portugal and Switzerland (EU Lawyer). He is also a founder of the Portuguese Tax Arbitration Tribunal. He is a member of the International Fiscal Association, the International Bar Association (Taxes and Private Client Tax Committees), The Society of Trust and Estate Practioners (STEP – TEP, International Client SIG), the International Academy of Estate and Trust Law (TIAETL), the American College of Trust and Estate Counsel (ACTEC) and the American Bar Association (ABA).
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David Lesperance, J.D.
Founder and Principal
Lesperance & Associates
Mr. Lesperance is one of the world’s leading international tax and immigration advisors. He has successfully... | Read More
Mr. Lesperance is one of the world’s leading international tax and immigration advisors. He has successfully advised scores of high and ultra high net-worth individuals and their families, many of whom continue to seek his counsel today. In addition Mr. Lesperance has provided pro bono advice to many governments on how to improve their Citizenship by Investment, Residence by Investment or “Golden Visa” type programs to better meet the needs of his global clients. He is supported by a team of professionals, some of whom have worked with him since the early 1990s.
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Piers Master
Partner
Charles Russell Speechlys
Mr. Master acts for some of the Firm's largest private clients and heads our Private Wealth Sector. He acts for... | Read More
Mr. Master acts for some of the Firm's largest private clients and heads our Private Wealth Sector. He acts for high net worth individuals from across the world, but especially from the Middle East, where he acts for many ruling family members and billionaires – many of whose families have US links. Mr. Master's work for these families includes advising on the establishment of global assets holding structures, family governance projects and global real estate investments. He is a Visiting Professor at the University of Law, a Council Member of the International Academy of Estate and Trust Law, and an International Fellow of the American College of Trust and Estate Counsel. Mr. Master's lectures regularly in the UK and internationally on matters of private client interest. He has been featured in eprivateclient’s 50 Most Influential listing, the definitive listing of leading private wealth lawyers, in 2021, 2022 and 2023. Mr. Master's is admitted to practise in England and Wales.
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Melvin A. Warshaw, Esq., L.L.M.
Attorney
Melvin A. Warshaw
Mr. Warshaw has nearly 40 years of experience as a U. S. estate planning and tax lawyer. He currently represents U. S.... | Read More
Mr. Warshaw has nearly 40 years of experience as a U. S. estate planning and tax lawyer. He currently represents U. S. and non-U. S. high net worth individuals, families and companies on a wide range of personal and business tax matters, especially in connection with cross-border income and estate tax planning and compliance in the U. S. Mr. Warshaw is admitted to practice in the Commonwealth of Massachusetts. He regularly advises non-U. S. clients on structuring inbound pre-immigration tax strategies including basis step-up in legacy assets, avoiding the U. S. CFC and PFIC anti-deferral tax regimes, optimizing use of foreign tax credits, minimizing green card status as well as advising on and drafting of “drop-off trusts.” Mr. Warshaw also advises long-term green card holders and U. S. citizens on planning to minimize their U. S. exit tax through gift programs, managing equity compensation and by drafting “expatriation” trusts and considerations of a change of domicile outside the U. S. He has also counseled clients in complying with their U. S. tax filing obligations by engaging accountants and bringing such taxpayers into compliance with their numerous U. S. international tax reporting requirements. Mr. Warshaw has also advised on the U. S. international tax aspects of cryptocurrency, including how to become U. S. tax compliant and how to mitigate U. S. tax implications prior to and following renouncing U. S. citizenship.
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