Think of moving to Portugal?

in Profiles · 26-06-2020 01:00:00 · 5 Comments
Think of moving to Portugal?

The Covid-19 pandemic is resulting in many individuals reassessing their lives and many are looking at their options for living in Portugal. Anyone wishing to stay here for longer than 183 days must ensure that they are legal and registered as residents of Portugal.

Sovereign Consultoria – Lda in Lagoa has, since 1999, been assisting clients regarding residency and property ownership in Portugal and Sovereign is now helping many clients register as residents under the Non-Habitual Residency scheme (NHR) so that they can enjoy tax benefits for ten consecutive years. Despite its name, NHR is for permanent residency status.
Applicants must not have been registered as a Portuguese tax resident in any of the five years preceding the application. Many individuals are not aware that they were automatically registered as residents of Portugal if they applied for their fiscal numbers prior to 2002. If their IMI property tax bills are sent to their Portuguese property address, they are definitely registered as a resident and they should, ask Sovereign, to review this situation, if they are in reality non-residents.
As a Non-Habitual Resident, individuals receiving any Portuguese source salary or self-employed income derived from one of the eligible professions would be subject to a final flat rate tax of 20%. On foreign pension income, NHR individuals pay a 10% rate.

Non-Portuguese income of most categories including self-employed income, real estate income (rentals), capital income (interest & dividends) and capital gains on property, will be exempt from Portuguese personal income tax if the source country has the right to tax that income under the terms of a Double Tax Treaty (DTT) signed between Portugal and that country, or the income is taxed in the other country and is not considered as obtained in Portugal, or the income is taxable in any other country following the OECD Model of Taxation.
Income earned in the territories listed on the Finance Department list of preferential tax regimes – the so called “blacklist” might not be qualified for this regime.
The right tax advice is essential to benefit from tax savings and most importantly to avoid falling foul of the Portuguese tax department!
Contact Sovereign today on for more information on NHR applications or for any fiscal queries.


Hannes, you are not resident, the house or the wife will not make you a resident.
You will need to spend some time in Portugal , at least 3 months and 1 day.

by Nuno Carvalho from UK on 27-06-2020 07:24:00

I am stuck in Spain re the virus I wish to return to the Algarve to renew my residency that expires January 2021 but with the closed borderers I a concerned will not get back in time can you help me please in

by M Mauger from Other on 27-06-2020 08:29:00

Hi there! I'm Portuguese (w/British dual nationality) and my wife is British. We want to move to Portugal before the end of the year. Will she be able to get residency? We still don't fully understand what the Brexit implications are.

by SL from UK on 27-06-2020 05:50:00

I currently reside in Bermuda and am thinking about retirement in Portugal and or Azores. I was born in the Azores however I feel like I would want to retire in Portugal, but haven’t quite decided at any rate I have a Portuguese passport but have never applied for a fiscal number what would be the tax situation for someone like myself. Also I own a home in Bermuda and have an income from that when I retire?

by Albertina Desilva from Other on 26-06-2020 08:16:00

Dear Sir/\Madam
Based on your article re moving to Portugal; - Please clarify - my wife is a Portuguese citizen. We own a property in Portugal sine 2005 and have inherited a house last year (2019) after my father in law's passing. I have registered for and received my fiscal number on 13 September 1997. what is my status as a resident? Thank you and regards.

by Hannes from Other on 26-06-2020 08:52:00
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