Portugal Golden Visa: Non-Habitual Tax Resident Regime

 

The Portugal golden visa or Non-Habitual Tax Resident regime is also known as NHR is a tax regime. It was created to improve the international competitiveness of Portugal by making the taxes smaller for those who choose to become Portugal residents by investment.

The NHR regime of Portugal targets non-resident individuals, who are likely to establish a permanent or a temporary residence in Portugal. It is not questionable why more and more people are willing to become Portuguese residents. The Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations. Moreover, the country offers affordable high quality of life and one of the highest Human Development Index ranking. The country offers rich history, exceptional local cuisine, lively culture, stunning rocks and beaches, and peaceful countryside.

Individuals who become residents in Portugal for tax purposes, without having been so in the previous five years can apply for the Portuguese NHR regime.

The main reasons to consider taking personal residence in Portugal an exemption on foreign source income. Besides, the regime grants limited taxation on income deriving from high value-added activities. The Portugal Golden visa also allows non-EU investors and their families to travel to the entire Schengen area.

The main requirements to benefit from the tax regime are the following: the person has to become a Portuguese tax resident, not having been a tax resident in Portugal in the previous five years. The Status will be granted for 10 years.

Benefits of Portugal Non-Habitual Tax Resident Regime

Possibility to earn income on your overseas wealth, dispose of your overseas assets tax efficiently or using tax exemptions, protection and growth of overseas wealth in a tax- efficient/tax free white listed jurisdiction, possibility to enjoy retirement without tax on the overseas pension and opportunity to pass on your wealth without inheritance or gift taxes.

Portugal Golden Visa Program Overview

The Portuguese Residence Permit Program grants the right to live, work and study in Portugal, with visa-free access within the EU countries. The program investment options include the creation of at least 10 jobs via investing into business; investment of €1,000,000 or purchase of real estate within a range of €280,000 – €500,000, depending on where it was built.

Program benefits

Portugal residency by investment program grants the applicant a 5-year residency permit and let’s apply for permanent residence and citizenship after this period. The Program requires only 7 days a year visit to Portugal in a 1 year and 14 days visit during each subsequent 2 years to keep the permit.

Qualifying Investment Options

1. Property investment from €280,000

  • €500,000 – purchase residential or commercial real estate (€400,000 – the reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density areas).
  • €350,000 – purchase residential or commercial real estate over 30 years old requiring renovation. (€280,000 – a reduced rate of 20% applied when purchasing a real estate located in low GDP or low populated density)

2. Creation of 10 Jobs or Business Investment

  • Create a minimum of 10 new jobs OR
  • Invest a minimum of €350,000 in business and create a minimum of 5 permanent jobs

3. Capital Transfer From €1,000,000

  • Applicants are required to make a capital investment into specifically approved investment options or Portuguese bank account.

LONDON BASED SOLUTIONS ADVISERS – Portugal Golden Visa

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  • Property virtual tours, 3-D tours, and in-person tours available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency & Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

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