How do I apply for the Portugal NHR? You will need all of the necessary documents to prove residency, as well as a Portuguese tax number. You can then apply to be a tax resident in Portugal, and then make an application for NHR status.
How do you qualify for NHR in Portugal?
To qualify as a NHR, an individual must meet the following requirements: • Become tax resident under Portuguese domestic legislation; and • Not having been taxed as a Portuguese resident in the five years prior to taking up residence in Portugal.
How does Portugal NHR work?
Introduced in 2009 by the Portuguese government to attract ‘high value’ residents, NHR offers reduced tax rates and some exemptions for your first ten years in the country. If employed in Portugal, non-habitual residents can benefit from a flat 20% income tax rate instead of the usual scale rates reaching up to 48%.
What is a non-habitual residency in Portugal?
Non-habitual resident (NHR) is a special status aiming to attract professionals who carry out activities with high added value or intellectual property, who are not residents of Portugal as well as individuals benefiting from pensions earned abroad.
Is foreign income taxable in Portugal?
If you are classed as a tax resident, your worldwide income is subject to Portuguese income tax. … If you are a non-resident in Portugal, only income earned in Portugal will be liable for tax, typically at 20%. However, lower tax rates exist for income received from property.
How long can you stay in Portugal as a non resident?
You can travel to other Schengen area countries for up to 90 days in any 180-day period without a visa for purposes such as tourism. To stay longer than 90 days in any 180-day period, to work or study, or for business travel, you must meet the entry requirements set out by the country you are travelling to.
What taxes do I pay in Portugal?
Income tax rates in Portugal
|Annual taxable income||Portugal income tax rate|
|up to €7,112||14.5%|
Is Portugal a tax haven?
The NHR is a scheme for new residents that can provide substantial tax benefits, so much that you may discover that Portugal is a tax haven for you. … This is still lower than most of the tax rates in Portugal and the tax rates in other European countries.
What is temporary residency Portugal?
Temporary stay visas allow entry and stay in Portugal for less than a year. Temporary stay visas are valid during the entire stay and allow for multiple entries. Residency visas allow two entries and is valid for a period of 4 months.
What does NHR stand for in Portugal?
The Portugal NHR tax regime (non-habitual resident) is a hugely successful scheme offering lucrative tax breaks for foreign residents. To date, over 10,000 citizens from across the world have successfully applied, helping them alleviate their tax burdens.
Do expats pay taxes in Portugal?
Income tax in Portugal for expats
Portuguese residents must pay income tax on their earnings. Most of the time tax is deducted automatically from payslips, but it is still mandatory to complete an annual tax return.
How do I get a temporary residence in Portugal?
The temporary residence permit in Portugal can be obtained by foreign citizens with a monthly salary of at least EUR 1,070 and who intend to stay in this country for at least 3 months. This document is valid for one year, yet it can be renewed. For a Portugal residency visa, you can speak to our agents.