Find out how we have helped our clients achieve Non Habitual Resident status in Portugal. 

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EDGE International Lawyers is an international law firm with extensive expertise in assisting international clients with their matters in Portugal, blending both traditional and innovative perspectives to provide 360º solutions.

 

The firm’s expertise covers a wide variety of areas, with particular emphasis on tax, residency and property investments, offering a complete range of legal solutions for all our clients. All our lawyers are fully conversant in several languages, and our objective is to establish a benchmark for quality of service and professionalism.

Key Updates

THE NHR STATUS IS STILL LIVE

THE NHR STATUS IS STILL LIVE

Can I still apply for the NHR status? Yes, you can. Although the NHR status was phased out by the Portuguese Budget for 2024, there is still a window of opportunity to apply on or before 31st March 2025 under certain exceptions. Before examining these exceptions,...

NHR 2023 BRIEFING 3

NHR 2023 BRIEFING 3

BRIEFING 3 THE 2024 BUDGETNHR DEADLINE EXTENDED TO 31ST DECEMBER 2024 FOR QUALIFYING APPLICANTSNEW ITS PROGRAMME The Budget which referred to in our previous Briefing 2 has now been approved in Portuguese Parliament at the end of November, with some alterations....

NHR 2023  BRIEFING 2

NHR 2023 BRIEFING 2

BRIEFING 2 THE DRAFT BUDGET 10th OCTOBER 2023. Further to the announcement regarding the Non-Habitual Tax Residency Programme last week referred to in our NHR 2023 Briefing 1, and the publication of the Draft Budget for 2024 on 10th October, we can now update you as...

The Portuguese Non-Habitual Residency (NHR) Status

The Portuguese Non-Habitual Residency (NHR) status enables those who become tax resident in Portugal, and are accepted as NHR, the opportunity to receive qualifying income tax free both in Portugal and in the country of source of the income.

The NHR regime represents a major step forward in making Portugal a tax-free jurisdiction for individuals in receipt of qualifying non-resident income.

Qualifying income includes pension, dividend, royalty and interest income. Plus, professional income from high value-added activities, which benefit from a special flat tax rate of 20%.

The sole requirement to benefit from this preferential treatment is to become a Portuguese tax resident, not having been a tax resident in Portugal in the previous five years. This status is granted for 10 years.

Updates on Brexit

Due to the high level of demand and to ensure an efficient response time, a specific team has been constituted by EDGE, to provide support services for British nationals throughout the Brexit process. Each team member is bilingual and has participated in UK events with Brexit as a central theme.

There is currently a great deal of uncertainty, with the real possibility of the UK leaving the EU on January 2020, without a deal. However, the Portuguese authorities have been very supportive in their efforts to offer reassurance to British nationals, namely with the Law Proposal number 187/XIII and the consequent approval of Law number 27-A/2019, and EDGE is uniquely positioned to offer the most up to date, accurate and comprehensive advice and we will ensure that we will support clients and provide guidance to British nationals throughout the process.

Find out more about how Brexit may effect British nationals living in Portugal here.

The Portuguese Non-Habitual Residency (NHR) Key Benefits

Protect and grow your overseas wealth in a tax efficient/tax free white listed jurisdiction.

Earn income on your overseas wealth tax free or at a preferential rate of tax.

Dispose of your overseas assets tax efficiently or using tax exemptions.

Pass on your wealth without inheritance or gift taxes – including to you children and/or spouse.

Enjoy your retirement without tax on your overseas pension.

Pay a flat rate of tax of 20% on salary received in Portugal in the exercise of a High Added Value Activity.

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