As part of an overall strategy for the promotion and attraction of foreign investment in Portugal, the tax regime for non-habitual residents attracts highly qualified individuals, as well as all those who possess significant assets and pensioners or retirees who become resident, for tax purposes, in Portugal. MSI's Portugal law member Azeredo Perdigao & Associados - Sociedade de Advogados, RL outlines the key advantages of Portugal's non-habitul resident tax regime.
The particularity of this Regime is the setup of a tax legal framework especially addressed to individuals who become tax residents in Portuguese territory without, however, having been so during the prior five years.
In fact, the Tax Regime for non-habitual residents is configured as a deviation from the general tax rules provided in the IRS Code and its main advantage is the definition, for a period of 10 consecutive years as from the year of the registration as a resident, of the tax rules specifically addressed to individuals covered by this Regime, such as 