Tax Reduction Incentive
The Portuguese Government introduced the Non Habitual Resident in 2009 in order to attract high value professionals and investors by offering an attractive tax reduction incentive. This scheme has proven extremely successful and has increased the country’s international competitiveness and status alongside it’s Golden Visa Program, introduced later in 2012. Many other factors contribute to foreign investors choice in the Portuguese territory, including its lifestyle, climate, strategic geographical location as well as high quality public and private education and health care.
Some of the benefits are:
- Benefits on personal income tax over a 10 year period
- 20% Flat rate for some Portuguese sourced income opposed to normal taxation of up to 48%
- No Wealth tax
Download our NHR program guide here.