Portugal’s Golden Visa's income tax benefits are a big draw for foreign investors looking to get the most out of their financial contribution.
As Visa holders don’t need to pay extra taxes on any income produced outside of Portugal, this becomes a fantastic option, as it’ll allow you to then directly benefit from Portugal’s Non-Habitual Tax (NHR) Regime.
Types of income that may qualify under the NHR program include:
· Dividends
· Real estate income
· Capital gains from the disposal of real estate
· Occupational pensions
· Royalties
· Business and self-employment profits derived from eligible occupations (but be mindful of relevant double taxation agreements)
Benefits of the Portuguese golden Visa Residency Programme
· Visa-free travel in Europe’s Schengen Area and the right to live, work, and study in Portugal
· Low physical presence requirement (seven days during the first year of residence and 14 days for the two subsequent years)
· Attractive taxation system
· Eligibility to apply for citizenship after five years as a legal resident while keeping other citizenship(s)
· High quality of life, local cuisine and wines, rich culture, mild climate, and a high level of security
· Family reunification
Should you have any questions, or if you would like a detailed breakdown of the process and the associated costs for you and your family, please contact me. I will be happy to help with whatever questions you may have.
Rob.
E: robert.gourlay@holbornassets.com T: (+6) 01151565649 W: www.rgwealthsolutions.com
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