How do I get an NHR in Portugal?
To obtain the NHR status it is necessary to:
- Check that one can benefit from the NHR status ;
- Get a NIF (Tax Number) ;
- Form and file the application file with Finanças ;
- Receive the answer ;
- Report your income in Portugal.
What is non-habitual residence 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.
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%.
Can you live in Portugal tax free?
Portugal’s ‘non-habitual residents’ (NHR) scheme gives special tax benefits to new residents for their first ten years in the country. It also offers a lower income tax rate of 20% if you’re employed in Portugal in a ‘high value’ activity and allows you to receive some foreign income tax-free.
Who qualifies 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.
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%|
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.
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.
Does Portugal tax foreign income?
As mentioned above, residents of Portugal must pay taxes on worldwide income, while non-residents are only taxed on Portugal-sourced income.