Why Portugal

Portugal boasts an excellent reputation and is considered one of the world’s most globalized and peaceful nations, with a high quality of life and a very high Human Development Index ranking. It is among the oldest nations in Europe with a rich history, lively culture, exceptional cuisine, stunning beaches, and idyllic countryside.

With a unique geographical location on the European continent, Portugal also convergences with Africa and the American continent.

With more than nine centuries of history, Portugal provides immense diversity in culture, heritage, and nature to those who seek it.

Portugal is one of the most peaceful and safe countries globally, whether to live, invest, or even visit.

With a Mediterranean climate, Portugal benefits from mild winters and hot, dry summers, which allows it to have about 250 days of sunshine per year.

The Portuguese are very welcoming, friendly, and fluent in different languages, allowing them to integrate outsiders and make them feel at home.

With very rich gastronomy from north to south, Portugal has a world of delicacies to try, from the simple traditional dish to the signature dishes of Michelin chefs, not to mention the excellent wines of international renown.

Portugal benefits from diverse and breathtaking landscapes with iconic cosmopolitan cities and heritage-rich villages. Its proximity to the sea and endless sandy beaches within easy reach provide an unparalleled quality of life at an affordable cost.

On top of all the reasons for choosing Portugal as an investment destination, there is a special regime for non-habitual residents, with an attractive legal framework for those who want to invest and live in Portugal.

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Brief Highlights

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Most peaceful country in the world
Global Peace Index

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World’s Most Powerful Passport
Global Mobility Report 2022 Q1
Henley & Partners

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Sunny days in average per year in Portugal

Golden Visa

On the past 12th of February of 2021, Decree-Law 14/2021 altered the legal framework concerning the entry, permanence, exit, and removal of foreigners into and out of Portuguese national territory, namely the legal framework of the residence permit for investment (widely known as “Golden Visa”), was promulgated.

With the enforcement of the new amendments, investments that grant the right to a Golden Visa were restricted by increasing its minimum value or reducing the geographical area where they are to be affected.

In what real estate investments are concerned, the acquisition of residential properties is now eligible for a Golden Visa if located in the regions of Madeira and Azores or inland areas of Portugal. The investment in non-residential properties (e.g., offices, stores, commercial buildings, hotel units, etc.) remains eligible, regardless of being in a low-density or high-density area.

As for the minimum investment amounts, they have remained unchanged with the 2022 legal changes, and therefore two options are still available for investors:

  • Acquisition of real estate for the minimum amount of € 500,000; or
  • Acquisition of real estate built at least 30 years ago or located in areas of urban rehabilitation along with the undergoing of rehabilitation construction work, for the global minimum amount of € 350,000.

The aforementioned minimum investment amounts can be reduced by 20% if the properties are located in a low-density area.

Get more information about Golden Visa. Leave us your contact here.

Non-Habitual Residents (NHR)

The tax regime for non-habitual residents created by the Portuguese government is a special regime that allows any citizen, regardless of nationality, to enjoy a set of tax benefits regarding Personal Income Tax (IRS), which may lead to a more advantageous tax rate, or even an exemption.

Some Benefits of the NHR Regime

  • Taxpayers with Portuguese-source income can enjoy a lower IRS rate, in this case 20%, with an additional 3.5% surcharge, that derives from a “high value-added” activity.
  • Taxpayers with income from a foreign source, resulting from dependent work, the method of exemption from taxation in Portugal is applied, in most cases, if they are subject to taxation in another territory.

Specific requirements
To obtain the NHR status it is necessary to apply for it and meet the following requirements:

  • Not have been taxed as a tax resident in Portugal in the previous five years
  • Be considered tax resident under Portuguese law, for which you must stay more than 183 days in Portuguese territory or prove that you own a house for permanent residence.

Duration
Once you are granted the Non-Habitual Resident status, you can enjoy this regime for 10 years if you prove, on an annual basis, that you meet the criteria to be considered tax resident in Portugal.

Get more information about Non-Habitual Residents. Leave us your contact here.

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