What is non-habitual residency in Portugal?
The opportunity to become a resident in Portugal and gain favourable taxation of your foreign income for 10 years.
If you are in receipt of pension income this may be treated as tax free in Portugal.
If your profession is classified as a high value-added activity, income from this may benefit from a tax rate as low as 20%.
To qualify for these preferential tax benefits you only need to become a Portuguese tax resident and not have been a tax resident in Portugal in the previous 5 years.
In essence, if your intention is to live in Portugal for a minimum of 183 days a year, then you should look at this option to reduce your tax liabilities.
There are possibly other benefits to you in becoming a Portuguese tax resident.
We are not tax experts, we are property experts but we can introduce you to the professionals who are knowledgeable in the area of gaining a potentially beneficial non-habitual resident status.
Should you have any questions, always feel free to contact us or for further information.