The Algarve has not yet received the acclaim that it deserves but it is fast becoming the destination of choice for residents from Europe, the Far and Middle east and Russia.
There is currently huge uncertainty regarding the stability and safety of many countries in many regions of the world. After the 11/09/2001 and the subsequent unrest in the Eastern Block and North Arabian countries we have all been catapulted into a different world not of our choosing. We are all looking for a place in the world where the danger of terrorism is and will remain limited. In the Algarve, emigration is very well controlled allowing everyone to live in an environment where their way of life is not compromised.– That is why the Algarve!
TAX HAVEN WITHOUT BEING A TAX PARADISE
Throughout Europe, and in the future for many other countries ,the excessive and prohibitive rate of taxation results in people searching for ways to maximise their tax concessions and reduce the level of tax to a reasonable level. There is huge potential to do this in Portugal. Citizens of European can choose not be taxed in their Home Country and on condition that they live at least 183 days of the year in Portugal. They can choose to pay tax in Portugal where they will be given a tax concession for 10 years.
In order to benefit from the double tax treaties and therefore to be taxed at a fixed rate of 25 % it is generally agreed that it's better to be domiciled in Algarve and to live here for more than 183 days each year and to demonstrate to the home authorities that a major party of the assets houses/shares portfolio/bonds portfolio)were sold and are no more registered in the home country. That is why the Algarve!
There are two major reasons why the Algarve weather is so perfect -:It has one of the highest number of sunny days in Europe (more than 300 days) but also gentle sea breezes which freshen the region and energise people making it the ideal place to enjoy leisure time by playing tennis, golf, cycling, running and walking . The pleasure of Leisure time is maximised here in the Algarve. That is why the Algarve!
It is becoming more and more of an imperative for people to live in an environment with healthy air and unspoilt surroundings. The Local councils have succeeded in not allowing the Algarve to become like the Spanish Costas to a great extent. The Eastern Algarve in particular remains very unspoilt as do the inland regions where it is still very natural.
Whatever you are looking for can be found here from the more built up areas of the Central and Western Algarve , the beautiful beaches throughout the entire region, the mountains of Monchique with their wondrous views, the hills and valleys in the centre of Algarve (Loulé- Salir- Silves, Sao Bras , Santa Barbara De Nexe).That is why the Algarve!
THE `STRESS -FREE´ FRIENDLY REGION
By choosing to live in the Algarve you are opting to live a stress free life. There are no traffic jams, no 9-5 rat race, no worrying about what others are wearing or doing. The Algarve is a region where you can join the friendly locals and live life with far less stress and join the locals for a coffee and watch the world go by, or starting a business and running it at a pace to suit you. That is why the Algarve!
A SOUND BUILDING SECTOR AFTER THE CRISIS OF 2008
The building companies that are now operating in the Algarve are those that have withstood the crisis and due to the quality of their workmanship, understanding of the requirements of building in the region and solvency. As new investments are foreseen and the popularity of the region grows there is an increasing need for new companies to establish themselves. The opportunities are enormous for those who can provide a service of the highest quality whilst respecting building specifications, time schedules, new technology and budgets ensuring new buildings are energy efficient. That is why the Algarve!
A HUGE POTENTIAL FOR THE DEVELOPMENT OF THE HOTEL AND HOSPITALITY SECTOR
With the migration of wealthy clients from there is an increasing need to provide high quality hotels and Restaurants. Whilst the cuisine of the Algarve is healthy and excellent for those enjoying a holiday it needs to be supplemented with the cuisines of the migrating countries so that all pallettes and lifestyles are catered for. That is why the Algarve!
PERFECT PLACE TO RETIRE
People are living longer and remaining fit and healthy by exercising and doing more and more sport. The Algarve is the place to participate in a sport in an excellent environment with pure fresh air that is never too cold. Due to the fact that there are more and more people migrating to the Algarve it will over time have a larger population of wealthy and healthy pensioners from a number of countries. That is why the Algarve!