Non Habitual Residency Regime

Discover the Non Habitual Residency Regime

Kendall & Associados, Porto, Portugal

NON HABITUAL RESIDENCY REGIME

Non Habitual Residency Regime is accessible to individuals who would like to become Portuguese residents under a tax treatment with reduced rates and exemption provided that during the previous 5 years they were not already residing in Portugal.

NHR is done over a period of 10 years where an individual must spend 183 days within the NHR country they have selected. The benefits of this treatment are the following, Flat rate tax of 20% on income made within Portugal and the exemption of tax from global income under certain conditions.

No wealth tax, no exit tax at the end of the regime, tax exemptions on gifts for family members and 10% for other chosen people, no inheritance tax of direct line and again 10% to other individuals.

The application process for NHR in Portugal must be done by 31st March of the following year that an individual decides to become a Portuguese tax resident. This also requires an individual to acquire a residence within Portugal whether that be rented or purchased by 31st December of that year in order to maintain the NHR status.
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