Transfer your tax residence to Portugal

A recently approved law, in force since March 31 2020, provides that pensioners who transfer their tax residence to Portugal will benefit from a tax of 10% for 10 years.

 

Retire in Portugal now!

The 10% tax rate is a tax program for foreign pensioners who decide to live in Portugal. You may or may not be an EU-citizen. You can just rent or buy a house and take advantage of this program.

This form of tax law is not entirely original. Canary Islands, Greece, Cyprus, Croatia, just to name a few, have similar tax schemes for retirees.

 

 

 

Who Can Qualify For This Program

Here are the eligibility criteria that will apply for pensioners from abroad to secure tax residence in Portugal with a income tax rate of 10% for the next 10 years:

• Transfer of tax residence to Portugal;
• Proof that you are a pensioner;
• Agreement to avoid double taxation between your country of origin and Portugal. A Double Taxation Agreement (DTA) is a tax treaty signed between two countries to prevent taxation on the same income in both countries.

If you want to understand how you can benefit from the 10% tax in Portugal you can write us for your qualified advice in individual cases.

 

 

How to relocate to Portugal

REFRAMED can help you transfer your tax residence to Portugal.
We take care about all the paperwork required for residence, real estate research (renting/buying a house) and every little detail involved in a relocation alone or with the family.
We provide also tax and legal advisory for our clients before, during and after relocation.

If you want to understand how you can benefit from the 10% tax in Portugal you can write us for your qualified advice in individual cases.

 

 

Can non-EU citizens benefit from the new tax law?

Yes, there is an opportunity for non-EU citizens as well. If you are a non-EU citizen you can make use of your Portugal Golden Visa to benefit from the 10% tax when you retire in Portugal. The reason is that the Golden Visa will open the way for you to move your tax residence to Portugal. After you invest in the country and get your residence permit via Golden Visa, you can stay in the country as a resident.

The name of the program is NHR (Non-Habitual Residency) in Portugal. NHR is also available only for EU/Swiss citizens. However, as a non-EU citizen, after you obtain your Portugal Golden Visa, you can become a tax resident in Portugal. You can do this by staying there for 183 days each year. After this, you can benefit from the NHR. NHR is valid for 10 years. Under the NHR regime, most of your foreign source income is exempt from taxation. You also enjoy generous tax exemptions if your job is one of the “high-added-value” professions.

REFRAMED can help you get the Golden Visa and relocate your tax residence to Portugal or Greece as well.

 

 

Where to live in Portugal

The most interesting places to live in Portugal

If you are thinking of moving to Portugal it is important to evaluate which is the location that can really offer you what you are looking for: find out the differences between the different areas.

 

Algarve: endless beaches and sunshine all year round

The most loved region by European pensioners who move to Portugal is located in the South of the country and is the famous Algarve, a location that includes several cities, towns and characteristic villages. Here are the main advantages of the Algarve region:

• Rent of a furnished apartment: from 600 euros;
• International Airport in Faro;
• Only a couple of hours from the main European airports and capitals;
• Immense golden beaches in the Western part of the region: Quarteira, Albufeira, Portimao;
• White and less touristy beaches in the Eastern part of the region like Vila Real, Luz, Tavira or Lagos in the Western area;
• 300 sunny days per year;
• mild and pleasant climate even in winter;
• Large and active expat community;
• Possibility to practice any water sport, trekking, mountain bike, motorbike;
• Local markets where you can buy fruits, vegetables, fresh fish at good price;
• Zero crime rate.

 

Lisbon: art, services, sea and culture

The capital of Portugal: a city with a thousand faces for those who love social life and cannot live without cultural events at any time of the year.

• Very close airport;
• Rent of a furnished apartment starting from 750 euros per month;
• Cultural events all year round;
• All kinds of services available;
• Efficient transport;
• Huge and active expat community;
• Near to the beaches of Cascais, Estoril, Setubal and Sesimbra;

 

Central Portugal: cheaper rentals, services at your fingertips

The cities on the coast of Central Portugal are ideal for those who want to reside outside the main tourist routes and spend less for a rent. Let’s talk about Figueira da Foz, Buarcos and Nazaré.

• Rent of a furnished apartment starting from 400 euros per month (near the sea);
• Average cost of living even lower than in the tourist region of the Algarve;
• Immense and never crowded beaches, not even in summer;
• All services at your fingertips: shops, bars, restaurants, offices;
• Porto and Lisbon international airports are one and a half hour by car;
• On time public transport;
• Expat community.

The wonderful Madeira island

For lovers of nature and slow life, the Portuguese island of Madeira is a paradise on Earth:

• No traffic, chaos or stress;
• Organic and low-cost food;
• Green valleys and spectacular volcanic panoramas;
• Cost of living lower than mainland Portugal cities;
• Cultural events, local festivals, markets every day of the week;
• State-of-the-art hospitals and healthcare;
• Well organized expat community;
• Rent starting from 500 euros per month.

 

How to find a house and transfer your tax residence to Portugal

Let’s start organizing your trip: a week (or more) full immersion, entirely dedicated to getting to know the location and looking for your ideal house in Portugal.

REFRAMED trips are tailor-made. A team of professionals will follow you and support you step by step in the realization of your relocation project.

We organize everything: flight tickets, accommodation (hotel, apartment, guesthouse), tour guides, real estate professionals and lawyers on site. Contact us for a quotation. We need just those info:

• Preferred week to travel;
• Preferred location to visit in Portugal (even more than one);
• Number of travelers;
• Departure airport.