New Lisbon Law Firm 'Areia Global' Launches to Tackle US Tax Complexities for American Investors in Portugal
For American citizens investing in Lisbon's booming real estate market, navigating the complexities of U.S. tax law from abroad has long been a significant hurdle. A new law firm, Areia Global, has launched in Lisbon specifically to address this challenge, offering specialized U.S. tax and estate planning services tailored for the American expatriate community.
This development is critical for investors, as U.S. tax obligations follow citizens wherever they live, creating unique pitfalls that can impact investment returns and legal standing. Areia Global aims to bridge the knowledge gap between standard Portuguese advice and the stringent requirements of the IRS.
What Foreign Investors Need to Know"The international advice that works for other expatriates often doesn't work for Americans," states Sasha Young da Silva, Managing Partner at Areia Global. She points to specific, high-stakes issues like the hidden risks of a Passive Foreign Investment Company (PFIC) in a Golden Visa fund, which can lead to punitive tax rates if not managed correctly. Similarly, structuring gifts or inheritance with a non-U.S. citizen spouse requires careful planning to avoid unforeseen tax liabilities. The firm's focus is to provide actionable, preventative strategies to safeguard investments.
Actionable Steps for Today's Buyer- Seek Specialized Counsel Early: Before purchasing property or investing in funds like the Golden Visa, consult with a firm that understands both U.S. and Portuguese tax law to structure the investment optimally.
- Review Your Estate Plan: Your U.S.-based will or trust may not be effective or tax-efficient for assets held in Portugal. A cross-border estate plan is essential.
- Understand Investment Vehicles: Ensure your Portuguese investments are structured to minimize U.S. tax burdens. Missteps can lead to significant financial penalties.
- Plan for Gifting and Inheritance: If you plan to gift property or leave it to heirs, especially non-U.S. citizens, understand the U.S. gift and estate tax implications to protect your assets.
The launch of Areia Global provides American investors with a vital resource to ensure their Portuguese ventures are both profitable and compliant. Explore opportunities with realestate-lisbon.com.
