Settling in Portugal? Here’s How NHR Can Work for You
So, you’re thinking about making Portugal home? Good choice—great weather, solid quality of life, and let’s not forget the Non-Habitual Resident (NHR) tax regime. If you’re wondering what that means and how it can benefit you, let’s break it down.
What’s the Deal with NHR?
NHR is Portugal’s way of attracting global talent, retirees, and investors by offering some serious tax perks. The idea? Make the country even more appealing by reducing tax burdens for new residents.
If you qualify, you could benefit from:
- A flat 20% tax rate on income from certain professions (instead of Portugal’s standard progressive rates)
- Potential tax exemptions on foreign income like pensions, dividends, and rental income (depending on tax treaties)
- 10-year duration—yes, you get these benefits for a full decade
Sounds good? That’s because it is.
Who Can Apply?
NHR status is open to anyone who hasn’t been a Portuguese tax resident in the last five years and plans to live in Portugal at least 183 days per year (or have a permanent home here). If you work in a high-value profession (think tech, science, creative industries), this could be even more beneficial.
How to Get It (Without the Hassle)?
The process involves registering as a resident, obtaining a Portuguese NIF (tax ID), and applying for NHR status with the tax authorities. Sounds complicated? That’s where we come in.
At OnCorporate, we take care of the entire process—so you don’t have to deal with the bureaucracy.
Let’s Make It Happen
Want to know if you qualify or how to make the most of NHR? Let’s chat. We’ll handle the paperwork while you enjoy everything Portugal has to offer.
Get in touch at geral@oncorporate.com
