NHR (Non-Habitual Residence)
We can help with the process towards obtaining Non-Habitual Residence status, for those who provide evidence of qualifying against the Portuguese Govenment set criteria.
This Government scheme facilitates the opportunity for those qualifying to become tax residents of a “white-listed” jurisdiction, with significant benefits. For example, for a period of 10 years, taxation related to IRS (personal income tax) on labour income in Portugal is at a fixed rate of 20%.
Implications of the Recent Change of Government in UK
The decision to appoint a Conservative government with a mandate for Brexit in the December 2019 Election in the UK will have considerable ramifications for thecurrent legal framework to support UK Expats in Europe. However, the nature, velocity and significance of any changes to the law, particularly in relation to work and residence permits, and despite the rhetoric, in reality as yet remains unknown.
Without speculating how events will unfold, we are confident that concessions will be made on both sides of the channel in order to facilitate Economic continuity.
As agreements are reached and associated changes to the law are established , we will be focussing keenly on these developments to ensure we understand any changes as they occur, and to be in a position to react timely to interpretion in order to faciltate implementation through due process for the benefit of UK citizens who wish to live, invest or work in Portugal.
Please contact us if you require assistance in any area where such changes may impact you and we will do our utmost to support you.
