• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Expats

Utmost Wealth targets expats in Portugal with new product

Utmost Wealth targets expats in Portugal with new product
  • Pedro Gonçalves
  • @PeterHSG
  • 23 September 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Utmost Wealth Solutions has unveiled a new product for expats living in Portugal in what is the first of a number of planned product launches across Europe.

Apex (Portugal) combines a life assurance policy with an array of investment options suited for expats living in Portugal. 

Related articles

  • Comment: The many benefits of being a Non-Habitual Resident in Portugal
  • Wealthy expats are looking at Portugal for retirement
  • Chinese top applications for golden visa scheme in Portugal
  • British pensioners in Portugal to lose tax-free status

"Apex (Portugal) includes many attractive features such as new charging structures, online access through a secure site as well as a wide range of investment options," Paul Thompson, CEO of Utmost Group said in a statement.

This is the first of a number of planned product launches in Europe"

According to the Expat Insider 2019 Survey from InterNations, Portugal came third overall out of 64 global destinations and was at the top of the rankings for Europe.

With a growing number of people choosing to move to Portugal and take advantage of the Non Habitual Residence regime and Golden Visa, Utmost Wealth Solutions said the decision to launch a Portuguese compliant product to meet the demand from clients and advisers was essential.

The Non-Habitual Resident (NHR) Program in Portugal allows beneficiaries to get reduced tax treatments on some incomes for ten years and an exemption on almost all foreign incomes. The types of incomes include pensions, investments, rental income, and capital gains.

Under the Golden Visa scheme, foreigners can invest in the country and obtain residency and citizenship in return. Portugal also boasts significant lower prices of services. According to Numbeo.com, consumer prices in Portugal are 23.09% lower than in the United Kingdom. This includes the prices of rents, restaurants, groceries, and other basic costs.

According to the Portuguese Immigration and Borders Service's (SEF) 2019 data, there are around 35.000 registered residents in Portugal, mostly gathered in Lisbon, Algarve, and Porto.

"This is the first of a number of planned product launches in Europe and represents a key milestone for our group," Thompson added.

Utmost Wealth Solutions  - with core operations in the Isle of Man, Ireland and Guernsey and offices around the globe - was initially formed by the acquisition of AXA Isle of Man and Aviva International in 2016, followed by Generali PanEurope in 2018 and Generali Worldwide in February 2019. Each entity operates under the Utmost Wealth Solutions brand and the businesses have a track record in the wealth planning industry, being established in the 1990's.

 

Subscribe to International Investment's free, twice-daily, newsletter

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Expats
  • Products
  • Utmost Wealth Solutions
  • Utmost Group
  • Europe
  • Portugal

More on Expats

Expat exodus in Gulf states could continue into 2023: S&P report

  • Expats
  • 18 February 2021
Expats say lifestyle is now a bigger priority: World of Work Survey

  • Expats
  • 12 February 2021
More than 250,000 expats left Saudi Arabia in 3Q2020

  • Expats
  • 25 January 2021
Australian expats warned of tax bills on return post-pandemic

  • Expats
  • 08 January 2021
Asia-Pacific dominates 2021 Henley Passport Index

  • Expats
  • 05 January 2021
Back to Top

Most read

EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
J.P. Morgan Asset Management launches Global Income Sustainable Fund
J.P. Morgan Asset Management launches Global Income Sustainable Fund
Comment: Four key issues powering the renewable energy revolution
Comment: Four key issues powering the renewable energy revolution
Amati Global Investors launches strategic metals fund
Amati Global Investors launches strategic metals fund
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading