Hey everyone,
Hope someone can share own experience that similar to my case.
I have a tax residency in Slovakia and EU passport, also have UAE residency and 40% share in UAE company.
Going to buy a house in Portugal for 1.5M USD. It will be a second home for 5-6 months/year. Don't want to be a Portugese tax resident.
Is it a good idea to take a loan 1.5M from UAE company to buy a property?
Will making a payment for the house in Portugal from my UAE account or Payoneer trigger tax authorities in EU country where I live.
Thanks!
I lived in Portugal for a year. The real estate there is hot. I know for certain they will make you get a NIF number (tax id) and will have to file taxes Portuguese taxes (Portuguse income if any), but I dont know if youre outside income gets excluded if you spend less than 6 months per year. I can put you in touch with a reputable home buying consulting firm that I came across when I lived there if you would like that.
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