LIVING IN PORTUGAL

Living & Tax Advantages

• Income tax: exemption of foreign sourced income
• No wealth tax
• Gift/inheritance tax: 10% stamp duty on assets located in Portugal, spouses, descendants and ascendants are exempted
• Free access to all Schengen states
• Good standard of living
• Mild climate
• Premium healthcare facilities

Requirements

• Buying or renting a residence in Portugal
• The applicant has not qualified as Portuguese tax resident for 5 years prior to the year of relocation to Portugal

Regime Validation

• If accepted, the non-habitual regime is valid for a period of 10 years

Temporary Residence Permit

A residence permit is issued to foreign citizens, valid for a period of 1 year from the date of its issuance, renewable for successive periods of two years.

Requirements:

• Possession of a valid residence visa, granted for the purposes set forth by law to grant a residence permit;
• Absence of any fact which, if known by the competent authorities, should preclude granting the visa;
• Physical presence in Portuguese territory;
• Possession of means of subsistence;
• Housing;
• Enrollment in Social Security, where applicable;
• No criminal conviction punishable in Portugal by imprisonment for a term exceeding one year;
• Not being prohibited from re-entering Portugal, after being removed from the country;
• No marks in the Schengen Information System;
• No marks in the Integrated Information System of the SEF for the purpose of refusing entry.

Permanent Residence Permit

A residence permit holder has the right to education and instruction, to work as an employee or independently, professional training, access to health care, and access to the law and courts. It also ensure equal treatment in matters of social security, tax benefits, union membership, recognition of diplomas, certificates and other professional qualifications, or access to goods and services available to the public, as well as the application of provisions granting special rights. A permanent residence permit should be renewed every 5 years or whenever changes occur to the identification information recorded therein.

Requirements:

• Foreign nationals must have had a temporary residence permit for at least 5 years;
• No criminal conviction punishable in Portugal by imprisonment for a term exceeding one year;
• Means of subsistence and accommodation;
• Basic knowledge of the Portuguese language.