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Tax Concerns Drive Wealthy Brits Toward Portugal Residency

A new survey shows 82.6% of affluent UK investors cite taxes as their main reason for seeking a second residency, with Portugal leading the choice.

19 October 2026 · Reported from PR Newswire

Photo: Bernard Spragg (PDM) via flickr

A recent La Vida survey reported that 82.6% of wealthy UK investors consider taxation the top factor when looking at a second residency or citizenship. Brexit also shapes the decision for nearly two-thirds of respondents. Portugal is the clear favorite, selected by almost three quarters of those surveyed, highlighting a shift in where affluent Britons plan to live and spend their leisure time.

Source: PR Newswire

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