Welcome to the site EJAN PROPERTY
Ejan Property is a Real Estate Agency established in western Algarve : Lagos, Portimão and Albufeira. We are focused in providing a high standard service in both consulting and accompaniment to a successful transaction.
Select Ejan Property means choosing for internationalization and thus to a wide choice of customers, by ensuring:
- a personalized assistance,
- properties carrefully selected,
- reliable and diligent professionals…
Finding the rigth property for you is our main purpose!
Portugal has many advantages
Ejan Property, established in Lagos and in Portimão (Algarve), south of Portugal, since 2013, offers to each custumer a personalized follow up.
Our goal: help you to settle in the Algarve; assisting you in administrative, fiscal and legal proceedings
Contact us to expose your real estate project!
Tax regime for non-habitual residents
To relaunch its economy, Portugal, as member state of the European Union, has implemented a tax programme to attract foreign investment from other countries of the European Union, wich obviously benefit french citizens.
Since 1st january 2013 (date of entry into force of cabinet decision 9/2012), the european pensioners that become residents in Portugal will benefit from total tax exemption related to IRS (personal income tax) on their pensions, for a 10 year period. Portugal: new destination for young businessmen In case of employment or self-employment, the applicable taxation rate on IRS is 20% (plus an additional 3,5% surcharge in 2015).
Taxation applies to income derived from activities of a scientific, artistic or technical nature. Registration as a non-habitual resident confers the right to be taxed as such for a 10 years period, from the year of registering as a tax resident in Portugal.
Now it is the time to invest in real estate in Portugal. Actually, the business volume in sales remains 3 times less than 10 years ago and the prices have fallen around 30%. However, the price of housing in major cities seems to be stabilizing which demonstrates a creeping tendency towards recovery.
The real estate rising, a more favorable tax regime, a significant rate of return – Portugal has all the potential to attract foreign investors, specially europeans. The country of red carnations is elected favourite destination, particularly for French-speaking investors.
The biggest benefit for this community, with no doubt, is the tax exemption system for the non-regular residents for pensions income obtained abroad, by a non-taxation in Portugal and a possible double exemption, both in Portugal and in the country source of the income. This has been applied by the government to relaunch the economy and to attract new residents of a segment of high income earners.
And it is not simply a question of a more favourable tax regime. Portugal offers a low cost of living, compared to the countries of Northern Europe (around less 30%).
Geographical and cultural proximity, heritage, quality of life, economical and political stability, and of course the sunny weather are the main reasons for such capacity to attract foreign citizens.
And Algarve remains definitly a favourite destination of these senior investors.