How to Pay 0 Tax in Portugal with the NHR Regime
An Overview of Personal Taxes in Portugal and the special NHR Regime
Introduction
By now, you know interesting spots in Portugal and why you might want to move there. Before delving into immigration and citizenship, we’ll talk about keeping your taxes between 0-20% in this beautiful country.
This can be done with the NHR regime, which was mentioned in the last article already and is limited to a maximum period of 10 years.
Here is a summary of the advantages of living in Portugal under this tax regime:
Residency in a European Union member state with a good reputation (your country’s tax office will not cause you problems)
Possibility of obtaining a Portuguese passport after 5 years
Possibility of tax exemption on dividends, interests, rental incomes, property returns, royalties, and pension (provided that these are not public) income from abroad
Possibility of tax exemption on foreign income for certain professions (see below)
Possibility of a fixed tax rate of 20% on domestic income from the eligible professions
Tax-free inheritances and gifts
We’ll cover:
Tax residency, how to get it and lose it
Main taxes in the Mainland and the Islands
The NHR Regime: Benefits and how to structure yourself properly
Summary: Is the NHR worth it?
Let’s start with tax residence.
Personal Taxes in Portugal
Tax System and Residency
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