Non-habitual residents

Find out how Retirees or Pensioners, who want to establish their usual tax residence in Portugal, will have a tax exemption for a period of 10 years.

Tax Exemption:

* Retirees or pensioners, who want to establish their usual tax residence in Portugal, will have a tax exemption for a period of 10 years.

Competitive advantages:

* The absence of taxation, in the case of pensions earned abroad.

How can you acquire the status of Non-Habitual Resident:

* Have not been a resident in Portugal in the last 5 years;
* Register as a tax resident in Portugal at the local Finance Service (for this purpose, you must have stayed in Portugal for more than 183 days, consecutive or interspersed, or having stayed for a shorter period, have housing there on December 31 of that year under conditions that suggest the intention to maintain and occupy it as a habitual residence);
* Apply for Non-Habitual Resident status when registering as a tax resident in Portugal or by March 31 of the year following the year in which you become a resident in Portugal.

Who does it apply to:

* Retirees and pensioners will no longer pay taxes in their country of origin because they will have tax residence in Portugal and will be completely exempt from taxes in Portugal, by virtue of the special legal rules of exemption established.

Non-Habitual Resident status obtained, in which cases exemption from taxation applies to income earned abroad by non-residents in Portugal:

* When income is taxed in the State of origin, in accordance with a convention to eliminate double taxation entered into by Portugal with that State.
* Possibility of buying/renting your dream home in Portugal, financing the purchase only with the monthly amount you stop paying taxes on retirement in your home country.

This information does not dispense with consulting the applicable legislation.

Why choose Portugal:

*A modern country where you can find a great diversity of landscapes and environments within short distances: beaches with sand as far as the eye can see, mountains and golden plains, beautiful golf courses, vibrant and cosmopolitan cities and an ancient heritage.
* The Portuguese are friendly and welcoming, welcome all visitors, wherever they come from. A large part of the population speaks foreign languages, namely English and French.
* The gastronomy, the good wines and the friendliness of the Portuguese make this country a small paradise.
* With a mild climate, Portugal has a mild winter. And in summer, thanks to the oceanic influence, temperatures rarely reach extreme levels.
* Portugal is the 18th most peaceful country in the world in a sample of 162 countries (Global Peace Index 2013).

LISBON:

* It has won prestigious tourism awards: Best European Destination, Best Short Term Destination in Europe, Best European Destination for Cruises, and is one of the cities in the world with the highest quality of life.

CASCAIS and OEIRAS:

* Next to the sea, full of glamor and charisma, it is a cosmopolitan area, full of animation and considered by many to be the Portuguese Riviera.

Casa Dimensão has the support of its specialized partners who provide all the necessary tax and legal support to its clients.

For more information contact us.