NON- HABITUAL RESIDENCY PROGRAMME – PORTUGUAL
DETAILS INSIDE:
NON- HABITUAL RESIDENCY PROGRAM
Qualification Requirements
Tax Benefits
Processing of Application
Complete Quotation
Contact details & Countries we serve from
This scheme was introduced in the year 2009. If you are a citizen of countries such as India, China, Japan, Indonesia, Australia, South Africa, Mexico, Canada, Russia, Singapore, Middle East etc., This Non- Habitual Residency scheme witnessed attraction of good number of skilled workforce, High Net-worth Individuals, different professionals across sectors who wish to establish tax residency in Portugal & more interestingly retirees who wish to spend their rest of their life span in peace.
NHR enables qualifying individuals to become tax residents of a white-listed jurisdiction whilst legally minimizing their tax liability on many categories of local and foreign-source income for a minimum period of 10 years.
QUALIFICATION REQUIREMENTS
An Individual must meet the following requirements to be qualified as Non-Habitual Resident:
• Should be tax resident under Portuguese domestic legislation
also
• Should not have been taxed as a Portuguese resident in the previous five years
In Order to consider individual as a tax resident, the individual should:
Stay for more than 183 days in Portugal during the relevant fiscal year.
Should have purchased or rented a residence in Portugal by the 31 December of that year with the intention to hold it as their habitual residence.
TAX BENEFITS
Portugal got double taxation avoidance agreements(DTAA) with more than 60 countries, Usually Overseas income is exempt from Portuguese income tax provided that:
Foreign income is taxed at the source state as per the applicable tax treaty, Or
Even if no DTAA exists, then the income is effectively taxed at the source state and it is not deemed as derived in Portugal.
When derived from high value-added activities Portuguese sourced income is taxed at a flat rate of 20%
No tax applicable to foreign sourced pensions, dividends, rental income, interest and capital gains when structured correctly
No inheritance tax on assets passed to a spouse, descendants or ascendants
No wealth taxes
`Portuguese companies may take advantage of EU non-discrimination rules and EU Directives on mergers, dividends, interest and royalties, as well of Portuguese double tax treaties.
Processing of Application
We are the group of dedicated professionals ensuring clients with proper advice, all kinds of support during the application process. With our extensive network of offices and professional service partners we have been able to work closely with our clients in every step of the application process, making sure that our clients successfully qualifies, done with process & finally qualify under Portugal’s non-habitual residency (NHR).
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Complete Quotation
To arrive at the total costs for applying Global Residency Program we need to check many factors. We will give accurate figure while working out suitable solutions based on the Client’s requirements.
Contact details & Countries we serve from
India, Bahamas, Bahrain, China- Beijing, Shanghai, Cyprus, Gibraltar, UK-Londan, UAE-Abu Dhabi, Dubai, Turks & Caicos Islands, Mauritius, Malta, Isle of Man, Hong Kong, Guernsey.
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