Brexit: Some Advice From a UK Expat Living in PortugalJoin our mailing list to receive the latest news and updates from our team.We use cookies to ensure that we give you the best experience on our website. This is a 9-digit number that serves as an identification for tax purposes.There are a number of different ways to acquire a NIF, though if you are already in Portugal, you can go to your local government finance office (finanças).To get a NIF at a finanças in Portugal you will need proof of residence (such as a utility bill or rental contract), and your residency certificate or visa, as well as your passport.After you have your NIF, you must register as a tax resident in Portugal. Our The non-habitual tax regime in Portugal aims to attract Become part of a white-listed tax environment within the EUA tax exemption for gifts or inheritance to direct family membersAn important feature of Portugal’s non-habitual resident tax regime lies in its relationship with Double-Taxation Agreements (DTAs). For everyone else, there is a 10% stamp duty on Portuguese assets.As with inheritance tax, spouses, direct descendants and ascendants are exempt from gift tax in Portugal. This isn’t the case with some EU countries like Spain or Austria.Although mythical trade deals, invisible yet secure borders and predictions about 50-100 years into the future have become commonplace in Brexit speak, I personally haven’t been able to embrace the magical arts to foresee the unprecedented future unknowns, unlike some British politicians.There are some known-unknowns that I have come into contact with, but remember there are many more changes to come that will affect people in different ways depending on how the UK exits.Having the freedom to travel between countries in the EU applies to citizens who are member states without the need for visas, residents without citizenship may have a Schengen visa to do so.

If you haven’t already I would advise you to get your paperwork in order before March 29th. spending 183 days in a year in the country or having a dwelling in Portugal with the intention to hold it as your habitual residence), and you have not been taxed in Portugal, as tax resident, in the previous five years, you may be eligible for the Non-Habitual Resident Status. As specialists in investment and residency programs, we can provide you with personalized advice which will help you make the best possible decision.In order to establish tax residency in Portugal, applicants for the NHR scheme must hold a dwelling in Portugal at the 31st of December of that year with the intent to hold habitual residence.The NHR regime does not require its beneficiaries to purchase property in Portugal.To comply with the requirements of the regime, applicants must have a domicile in Portugal available to them. NHR regime for UK residents. All that is needed to register citizens can register for residency at their local town hall (You will need to give a current address, but will not require proof of residencyAt the town hall, you will need to find the correct ticket to register as a “Cidadão Europeu”. If you have bought a property, you can provide a purchase deed instead.Professions of high cultural and economic worth are given generous tax exemptions under the NHR regime, as they are considered to be of added value to Portugal.Research and experimental development on natural sciences and engineeringBeneficiaries of the NHR regime in Portugal with a foreign income are largely exempt from taxation in Portugal due to DTAs.If income is sourced in a country which has a double taxation treaty with Portugal, this means the income will not be taxed in Portugal.Foreign source income is tax-exempt under the NHR regime or taxed at a flat rate of 20% if it falls under the list of eligible professions.Taxed at normal progressive rates unless it comes under the eligible profession categorizationThis income is also subject to social security contributions unless the individual in question already pays into another social security systemthough the taxpayer can choose to pay usual progressive rates if they are lessTax-exempt if it is from an eligible profession and comes from a country with a DTA, or in the absence of a treaty under the OECD model tax convention (provided the country is not a tax haven)Tax-exempt if the income comes from a country with a DTATax-exempt if the income from a country without a DTA but which isn’t a blacklisted tax havenOtherwise taxed at 28% or 35% if the country is a blacklisted tax havenTax-exempt if from a country without a DTA but which isn’t a blacklisted tax Usual progressive tax rates apply if employment does not fall under the list of eligible professionsIf employment falls under eligible NHR professions, an optional tax rate of 20% is applicable, although usual progressive tax rates can also be applied if this comes to lessUsual progressive tax rates apply if employment does not fall under the list of eligible professionsIf employment falls under eligible NHR professions, an optional tax rate of 20% is applicable, although usual progressive tax rates can also be applied if this comes to lessRental income is taxed at an optional rate of 28% or otherwise at normal progressive ratesNet capital gains are taxed at 50%, at the normal progressive ratesIn order to register for the NHR regime in Portugal, applicants must be registered as a Portuguese resident and tax resident.

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