Non-Resident Resident Status

SEE HERE THE FISCAL REGIME OF NON-HOUSING RESIDENTS

04 Jun 2018 min de leitura

TAX REGIME FOR NON-HABITUAL RESIDENTS

In 2012 Portugal took measures to streamline the so called Non-Habitual Tax Resident Regime, to attract, to the country, non-resident citizens.

This regime is now fully operational and offers significant tax benefits to those wishing to set up residence in Portugal, including citizens of other EU countries.

The Non-Habitual Tax Resident Regime is applicable to individuals who have not been residents in Portugal in the last five years and that remain in Portugal for more than 183 days during the related year, either consecutive or interpolated or have, by December 31st of that year, housing that they intend to use as their habitual residence.

Among the tax benefits are:

- Exemption from taxation in Portugal, of foreign income, originated from dependent labour or pension income.

- Taxation at 20% flat rate of proceeds from Portuguese origin, that result from added value activities*.

The benefits under the Non-Habitual Tax Resident Regime are granted for a period of 10 years.

Having tax residence in Portugal, also offers additional advantages, since there is no inheritance tax in Portugal for direct relatives.

*Architects and engineers, artists, actors and musicians, auditors and tax consultants, doctors and dentists, academic professors, investors, administrators and managers, senior executives, as specified in the Implementing Order No. 12/2010, from January 7th.

Why choose Portugal:

- It’s a modern country with a lot of history and a huge diversity of landscapes and environments, within very short distances: beaches with long sand areas, mountains and golden prairies, beautiful Golf Courses, vibrant cities and a milenal patrimony.

- Portuguese people are extremely welcoming and nice to all foreign visitors, no matter their origin. A big part of the population speaks foreign languages, mainly English, Spanish and French.

- The food, the wines and our people’s good will make this a heavenly country.

- With a stable weather, Portugal has a soft winter and during the Summer, due to the oceanic influence, the temperatures rarely go up to extreme levels.

- Portugal is the 18th most peaceful country in the world, according to a sample of 162 countries (Global Peace Index 2013).

Note: This text is subject to errors or ommissions and the conditions hereby described can be reviewed, altere dor withdrawn without any previous aknowledgment. The consultation of the corresponding Legislation is advised.