I wish to get tax benefits in Portugal
Portugal introduced a special tax regime for new residents, with attractive tax benefits for retired foreign citizens.
This new tax regime for non permanent residents aims to promote the transfer of resident status to Portugal of entrepreneurs, investors and specific professions.
|WHAT IS THIS?||In September 2009, the Portuguese government approved a new legal / tax regime for non-habitual tax residents, which offers the following core advantages.
NHR individuals can benefit from the special personal income tax (“PIT”) regime for a ten year period.
|QUALIFYING FOR THE STATUS||- Be tax resident under Portuguese domestic legislation and
- Have not been taxed as a Portuguese resident in the five years prior to taking up residence in Portugal.
An individual is tax resident in Portugal for any year in which: he is physically present in Portugal for more than 183 days in a calendar year; or on December 31 of the relevant tax year, he has available accommodation in Portugal as habitual abode.
This information does not replace consultation of the legislation applicable to your particular case:
I wish to get a Residence permit in Portugal
New legal provisions allow legal resident aliens (e.g. holders of a valid Schengen Visa or a Visa exemption), to apply for resident status by transfering capital, creating jobs or acquiring real estate.
|WHAT IS THIS?||New legal provisions provide the possibility for those who pursue investment activities in Portugal to apply for a Residence Permit, for example, those who transfer capital, create Jobs or acquire real estate. The holders of a Golden Residence Permit for the purposes of investment activity have the right to family regrouping, and may gain access to a permanent residence permit, as well as to Portuguese citizenship in accordance with the current legal provisions.|
|REQUIREMENTS ON THE INVESTMENT ACTIVITY||
Third State citizens involved in an investment activity, either individually or through a company conducting, at least, one of the following operations in national territory for a minimum period of five years:
- Capital Transfer with a value equal to or above 1 million Euros;
- Creation of, at least, 10 job positions.