Non-Habitual Residency is a special tax regime in Portugal which enables qualifying entrepreneurs, professionals, retirees and high-net-worth individuals of any nationality (including non-EU/EEA citizens) to benefit from reduced rates of tax on portuguese-source income, while most foreign-source income is exempt from portuguese taxation, for 10 years. Applicants must qualify as a tax resident in Portugal and have not been taxed as a Portuguese tax resident in any of the five years preceding the year in which residence is established.
LAST CHANCE TO APPLY FOR NHR AS THE GOVERNMENT HAS ANNOUNCED THIS SPECIAL TAX REGIME WILL CLOSE FOR NEW ENTRANTS IN 2024.
ELIGIBLE FOR
The purchase of a one or two-bedroom apartment or a three-bedroom penthouse residence grants the long-standing privilege of having access to fantastic leisure facilities and several exclusive owners’ benefits, including a 5% annual net rental return, as well as eligibility to apply for Non-Habitual Residency. The NHR programme was created in 2009, with the aim of attracting non-residents with high value-added potential, such as skilled workers, investors, freelancers, and retirees to Portugal. These individuals benefit from special tax rates for a maximum period of 10 years.
BENEFITS OF THE
Tax-exemptions on employment incomes (including self-employment), royalties, dividends and interests, real estate income and capital gains, as well as capital gains from the disposal of securities.
Taxation at a reduced tax rate of 10% on foreign-sourced pension income.
Obtain a tax number and secure your accomodation.
Obtain a portuguese residence permit.
Register as a resident for tax purposes in Portugal on the correct timing.
Apply for the NHR status within the legal deadline.
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ALSO APPLICABLE FOR
Investors may also apply for the D7 “passive income” visa. This programme proves one of the fastest routes for non-EU nationals to acquire the right to live and work in Portugal and offers many other benefits including: free travel throughout the Schengen Area; access to healthcare; the right to establish a business in Portugal; the right to qualify for permanent residency or citizenship in Portugal after five years. With this visa you also have the option to apply for Portugal’s Non-Habitual Resident (NHR) tax regime status.
Don’t miss out on this exclusive opportunity. Find out more about our tailor-made packages designed for effortless ownership, and let us help you find your place at Wyndham Grand Algarve.
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