Hello to you all my friends!
As the 31st of January already passed and Brexit is a reality; we here in Portugal also have major changes.
But before in Portugal, In the UK concerning Brexit, the fear of the Sterling loosing an abnormal value, seems a distant reality, in fact , it shows is strong resilience, and if the sailing is well done, probably this bigger shock will be even less in the near future. Even in IMF gives higher growth rate to the UK than the EU, as the link shows:
https://www.thesun.co.uk/news/10785337/uk-economy-will-grow-faster-than-eu-rivals-in-brexit-year-says-imf/
On the other side, after Brexit, we have seen a new dynamic emerging. The UK cities and Eu Cities are making mutual protocols for easing life for everyone that is affected.
Also another fact is the bilateral deal the the UK-Portugal has since 1373 onward, to support it , and even before; it was in 1147 when the conquest of Lisbon, the British bishop came on Portuguese soil as the first official Act. It will be 1000 years next century. That is something!!!
So , i think, in a personal opinion, Portugal will be a good bet to be without the turmoil of central EU Politics and issues.
Now here in Portugal, the Government every year readjusts the budget and this time, they ended the Fiscal stimulus to the new Retired people to be tax free on their pension income.
Now they will apply a 10% tax but i do not know from witch base of income they will apply it. Anyone interested in knowing deeper this issue, just send me an e-mail that i can clarify it easily.
Also a last and important note: The Gold Visa Scheme is out of Lisbon and Porto for this 2020 . Only available by companies that invest above 500.000 euros and create jobs. Private investment on Real Estate for renting of selling on profit with residency for the Investor is now only available @ the Algarve or other interior regions. Also if needed , send me an e-mail and I clarify this issue.
So my friends , as you see, this 2020 is already hot and running full speed!
I wish you all good health and success.
Warmest regards,
Barros
