Why Choose Portugal?

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The place to invest and live

Whether it’s the sun, the history, or the pristine natural landscapes that drew you in, Portugal is a first-class destination to move to and call home. With a socioeconomic and cultural backdrop where you will find some of the friendliest people in the world, low living costs, excellent gastronomy, and attractive tax benefits, Portugal is an easy country to adjust to and a great place to invest in real estate.

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One of the 20 best places to live, invest and work in Europe

It’s also one of the safest countries in the world. Politically stable and with a privileged geopolitical position, as a member of the European Union, Portugal offers access to a market of 28 countries with approximately 495 million consumers, providing an entryway into a global market of 220 million Portuguese-speaking consumers.

A safe port for
real estate investment

With a rapidly growing, long-term interest in real estate development and investment properties – residential, hospitality, business – our clients choose Portugal for a multitude of enticing reasons. In addition to being ranked #25 on the list of the 161 best countries for doing business, this country boasts so many more benefits:

  • Innovative and stable economy
  • Incomparable investment opportunities
  • Competitive business factors and conditions
  • Ease of starting a business (5 days, 6 procedures)
  • Ease of registering a property (1 day, 1 procedure)
  • The concept of property used in Portugal is “full ownership” or “freehold”
  • High productivity levels
  • Clear tax rules
  • Ease of obtaining residence permits
  • Special tax regime for non-habitual residents
  • Inheritance tax revoked in this country
  • Attractiveness and quality of life

Taxation benefits

Portugal is ranked #56 among the 180 countries that comprise the 2020 Index of Economic Freedom and stands at #34 on the list of 141 countries that make up the 2019 World Economic Forum’s Competitiveness Report. Why? Because, among the many benefits for foreign investors, as it follows, Portugal is a great place to live.

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High Quality Lifestyle

  • Beautiful, diverse natural scenery
  • Cosmopolitan cities with cultural attractions and a high standard of restaurants, bars, nightlife and hotels
  • Very high level international and local schools
  • Excellent healthcare system
  • One of the safest countries in the world
  • International expat network
  • Healthy work life balance
  • Multitude of indoor and outdoor hobbies and pursuits to suit all individuals and families
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Non Habitual Resident Tax Regime (NHR)

It presents an array of fiscal advantages, with tax exemptions or extremely reduced taxes for residents under the regime, making it possible to receive most foreign income without attracting Portuguese tax for 10 years. Also:

  • Tax exempt from foreign sourced dividends, interests, real estate and pension.
  • No wealth, gifts or inheritance taxes.
  • Flat income tax rate of 20% for those employed in Portugal in one of the pre-defined ‘high-value’ professions.
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Portugal Golden Visa Program

What are the advantages of the Golden Visa? Created in 2012, the program allows foreign investors from non-EU countries to obtain a fully valid residency permit in Portugal and to apply for Portuguese citizenship after five years, among other benefits such as:

  • Enter Portugal without a special visa
  • Live and work in Portugal
  • Bring your family with you
  • Apply for permanent residency and/or Portuguese citizenship after five years
  • Access the Portuguese healthcare and education system (on the same basis as Portuguese citizens)
  • Travel freely in the entire Schengen Area

Golden Visa

What is it?

The "Golden Visa" program was created by the Portuguese authorities in October 2012 and is a fast way for foreign investors from countries outside the European Union to obtain a permanent residence permit valid in Portugal and also allows traveling freely in the majority European countries (Schengen Area).

Under the "Golden Visa" program, non EU citizens only need to make one of the investments provided for by law in order to obtain a residence permit in Portugal. With the aim of attracting foreign investment to Portugal, Golden Visa is a very simple and flexible program, with simple and clear legal requirements.

The legislative amendment on the qualification of Investments to obtain a Residence Permit for Investment (Golden Visa), published in Decree-Law no. 14/2021 from February 12, takes effect on January 1, 2022.

What are its benefits and advantages?

  • It is not necessary to obtain a visa to enter Portugal
  • It is not necessary to obtain a visa to travel in Europe (Schengen Area)
  • Living and working in Portugal, even if resident in a different country
  • Extremely low minimum stay periods
  • Permanent residence
  • Residence extended to relatives

What are the requirements for obtaining it?

Each type of qualifying investment with specific characteristics, as follows:

    1. Real estate acquisition
      • Minimum investment of €280,000 in properties to be rehabilitated in the interior of the country, Madeira, and in sparsely populated areas (Lisbon and Porto are excluded);
      • Minimum investment of €400,000 if not for rehabilitation;
      • Acquisition of one or several properties;
      • All types of property;
      • Possibility of co-ownership;
      • Property intended for services, commerce and tourism, such as offices, shops, tourist apartments, aparthotels and the like, anywhere in the country;
      • Own housing or lease.

Where to apply for the Golden Visa?

  • Submit the application online at: SEF
  • Deliver the application to the Portuguese Diplomatic and Consular Posts abroad
  • Deliver the application to the Directorates and Regional Delegations of the Portuguese Immigration and Borders Service

More information at: www.sef.pt

Non-habitual Resident

What is it?

Portugal has one of the best tax regimes for pensioners, high net worth individuals and entrepreneurs.

The tax regime for non-habitual residents allows any citizen, regardless of nationality, to enjoy the Portuguese climate while benefiting from an attractive tax regime. If you have not lived in Portugal for the past 5 fiscal years and plan to retire or your main source of income is capital income, you can improve your tax burden by moving to Portugal.

Who can benefit from this regime?

Citizens who become resident taxpayers in Portugal who have not been considered resident in Portuguese territory in the five years prior to the year of the request may apply to this status.

This applies either to foreign citizens or to Portuguese citizens who are living abroad and intend to return to Portugal. In order to be considered as resident in Portugal, you will have to stay more than 183 days in Portugal or have a house that demonstrates the intention to maintain the house and live in it as a habitual residence.

What are its benefits?

Employment income, pensions, business and professional incomes and other types of income obtained abroad may be exempt from IRS under certain conditions. However, certain exempt incomes will be taken into account for the application of the marginal IRS rates.

Employment income and business and professional incomes earned in activities of high added value with a scientific, artistic or technical character (Ordinance no. 12/2010, of January 7) will be subject to an autonomous taxation of 20% plus the extra surcharge of 3.5%;

How to request this status?

In order to benefit from the application of this regime, one must be registered in the AT tax register as a "non-habitual resident". For this purpose, the taxpayer must apply for the regime and submit a declaration that states that the necessary requirements to be considered as resident on Portuguese territory have not been verified in any of the previous 5 fiscal years. However, if there is reasonable evidence of a lack of truthfulness of the information contained in the declaration, it may be requested to present tax residence certificates and annual declarations of income to certify residence abroad.

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