The Portuguese non-habitual tax regime, commonly abbreviated as NHR, aims to attract investors and professionals of high cultural and economic worth, in order to increase the country’s international competitiveness. First implemented in 2009, the scheme has been highly successful and as a result, there are now over 10,000 non-habitual tax regime residents in Portugal.
The NHR status enables those who become tax resident in Portugal, and are accepted as non-habitual residents, the opportunity to receive qualifying income, tax free, both in Portugal and in the country of the source of the income.
The main requirements 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 and also to remain in Portugal for a minimum of 183 days in the qualifying years.
The status is granted for 10 consecutive years.
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