Understanding Permanent Residency in Portugal – Portugalist
Consultants: PortugalthePlace.com Destination Management Company
Golden Visa Program
Our Rich Journey on YouTube – They had lots of videos on retiring early in Portugal, living in Portugal and buying Real Estate in Portugal.
Foreigners can take advantage of a unique tax benefits system in Portugal, called NHR (Non-Habitual Resident Status). Introduced in 2009 by the Portuguese government to attract ‘high value’ residents, NHR offers reduced tax rates and some exemptions for your first ten years in the country. If you work in Portugal, you pay a flat 20% income tax rate. But foreign income is tax-free if requirements are met.