PORTUGAL – NEW TAX REGIME FOR SCIENTIC RESEARCH AND INNOVATION
As per the 2024 Budget the NHR tax regime – Europe’s most successful tax regime in Europe for the last 10 years – was revoked from 1 January 2024 onwards, but with a special grandfathering regime, described below. Applicants who become tax resident of Portugal until December 31st, 2024, may still register for NHR, provided …. Read More
PORTUGAL – AMENDMENTS TO THE NATIONALITY LAW
On January 5th, 2024, the Portuguese Parliament approved a law that introduces amendments to the “Nationality Law”, which governs the granting, acquisition, and loss of Portuguese nationality. Currently, the Portuguese legislation stipulated that citizenship could be granted through the process of naturalization, subject to the fulfilment of the following cumulative requirements: (1) Age of 18 years …. Read More
PORTUGAL – THE END OF THE GOLDEN VISA – RESIDENCE PERMIT FOR INVESTMENT ACTIVITY.
THE END OF THE GOLDEN VISA. On the 16th of February 2023, the Portuguese Prime Minister announced a package of measures addressing housing, which includes closing the Golden Visa regime. For the avoidance of doubt, the proposed changes refer only to the Golden Visa regime (which is a residence permit open to non EU nationals) …. Read More
NEW RULES FOR THE TAXATION OF CRYPTO ASSETS PROPOSED
Following the Government’s presentation of the Budget proposal for 2023, the latter proposes the inclusion, for the first time ever, of specific rules aimed at clarifying the taxation of income deriving from crypto assets. Below is a brief highlight of the main changes proposed. Crypto assets defined – “Any digital representation of value or rights …. Read More
Changes to the Portuguese Golden Visa!
The Portuguese Government has published on the 12th of February the so waited new rules regarding the residence permit by investment (Decree-Law no. 14/2021 of 12th February), more commonly known as the Portuguese Golden Visa. These new rules will only enter into force on the 1st of January 2022. This is good news, as investors …. Read More
Visas. Portuguese consulates open for business!
Portugal welcomes you back! As you may know Portugal, like the rest of the world, has been fighting this pandemic with great resolve and in fact Portugal infection toll has been consistently dropping and the number of deaths per million is now less than 100, making Portugal a safe destination to travel to. The …. Read More