🇵🇹Portugal's Non-Habitual Resident (NHR) Regime Is BACK! | What You Need to Know 🇵🇹

Hello everyone! 👋

In this video, we dive into the exciting news about the restoration of the Non-Habitual Resident (NHR) regime in Portugal. 🇵🇹✨

🔍 What Is the NHR?
The NHR is a tax regime that will allow self-employed individuals and employees in Portugal to benefit from a 20% personal income tax rate for 10 years. Yes, you heard that right! This is a fantastic opportunity for those moving to Portugal and establishing tax residency in the country.

📉 Corporate Tax Reduction
Additionally, there’s a plan to reduce corporate income tax by two percentage points each year, eventually reaching 15%, with a budgetary impact estimated at 1.5 billion euros. 💼📊

🚫 Who Will Benefit?
The new NHR benefits will be available only to working individuals, excluding retirees. The aim is to attract international talent, though it has sparked controversy due to the exclusion of dividends, capital gains, and pensions.

🏡 What About Golden Visas?
While the NHR is being reinstated, the government will maintain its decision to end golden visas associated with property purchases. 🏠🚫

🔗 Political Challenges
Reintroducing the NHR requires approval through the State Budget Law, which faces challenges due to opposition from major political parties. Will the government overcome these hurdles? 🗳️

In today’s video, we break down all the details about this significant change and what it means for you if you're considering moving to Portugal. Don’t miss out!


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