Portugal offers popular citizenship by investment and tax exemption programmes. Two of the most popular ones are the Golden Visa regime and the Non-Habitual Residency (NHR). Buying property in Portugal is a great way to profit from these regimes - with Tamea International’s guidance and their recommended team of trusted, independent lawyers, they are able to navigate our clients toward successful applications to any of these programmes.
The Golden Visa in Portugal is a governmental programme that grants investors citizenship in Portugal for investment in different areas of the country.
There are several different investment options for those looking to take advantage of the Golden Visa. Some of these options include:
- Purchasing a property in Portugal to the value of €500,000 or greater.
- Buying a property in Portugal to the value of €350,000 or higher that is located in an urban rehabilitation zone, with construction dating back more than 30 years and for renovation.
The Golden Visa rules are changing in 2022 and it’s important for potential investors to be aware of those changes, although investors can still apply for the Golden Visa as normal, with Tamea International suggesting to aim to proceed as soon as possible with this to take advantage of the lower investment thresholds.
Tamea International are able to source properties that fulfil the necessary requirements of the Golden Visa to then present these to potential buyers looking to take advantage of this unique benefit.
The Non-Habitual Resident tax regime (NHR) is a very attractive programme that grants tax benefits when becoming a Portuguese tax resident.
Currently, you can acquire Portuguese residency by spending at least 183 days a year in Portugal (continuously or not) and by having your main home here.
The NHR tax regime was designed to encourage entrepreneurs, investors, high net worth individuals and specialised professionals to take up residency in Portugal and the team at Tamea International are able to guide investors through the entire process.
Under NHR, your foreign income, dividends, interest and capital gains will be exempt from Portuguese taxation for ten consecutive years, as long as these are taxable at source within an applicable tax treaty, while there is also exemption on foreign employment income if it is effectively taxed at source. This programme has proved to be exceptionally popular, with investors making considerable savings in taxes while enjoying their property and lifestyle in Portugal.
Quality of life
Alongside the stunning beaches, golf courses and undeniable fantastic weather, Portugal offers a high quality of life thanks to the cost of living in the country and opportunities that are increasingly becoming available.
Portugal is both trendy and affordable and with a low score on Mercer’s 2020 Cost of Living Ranking, Lisbon offers what is arguably the lowest cost of living in western Europe.
There has also been a technological renaissance in Portugal recently with Lisbon and Porto having been recognised internationally as flourishing start up hubs, popular with tech businesses and digital nomads alike, while the Web Summit Conference has been hosted by Lisbon since 2016.
To find your perfect property in Portugal and to learn more about how to take advantage of tax regimes and benefits, Contact Tamea International on: (+351) 911 122 060, email@example.com, or visit: www.tameainternational.com