After much speculation and the possibility of Portugal’s NHR tax regime shutting abruptly on 31 December 2023, the Portuguese government has just announced a transitional period for non-habitual resident (NHR) applications that will run from now until 31stDecember 2024, if by 31 December 2023 the applicant is considered officially registered as tax resident in Portugal and applies for NHR thereafter. It is therefore important to take action prior to 31 December 2023.
This welcome clarification comes after weeks of uncertainty and will reassure those who had planned to move full time to Portugal in the near term under the NHR that they can still apply in the coming weeks for the programme and take advantage of this very attractive tax planning option.
Currently the Portuguese NHR regime offers significant tax breaks for certain groups moving full time to Portugal, including workers, investors, retirees, and digital nomads.
However, uncertainty still surrounds the changes that may be made to the NHR regime since national elections will be held in Portugal on 10th March 2024 and the incoming government may then revise the NHR programme again.
Join our webinar and learn more about the changes currently proposed and how you can still register under the NHR.
On Wednesday the 6th of December at 16hrs, join us, get the latest updates and learn why Portugal remains an attractive proposition for those reviewing their tax planning options.
The webinar will be moderated by Christina Hippisley, General Manager of the Portuguese Chamber of Commerce in the UK. She will be joined by Chamber members:
Nuno is a Tax Partner at CMS Portugal Law Firm with over 15 years´ experience providing tax legal advice to a roster of domestic and international companies regarding the structuring of financial transactions, acquisitions and reorganization of national and multinational groups. His experience spans several sectors, notably financial services, energy, pharmaceutical, communications, real estate.
With more than 70 offices in over 40 countries and more than 5,000+ lawyers worldwide, CMS offers deep local market understanding with a global perspective. Recognised for its professionalism and proficiency CMS is a law firm that builds long-term relationships based on trust and transparency. They provide, in a transversal and coordinated way, excellence sustainable solutions with a future facing approach, which enables us to anticipate different challenges.
Mark is the Director at Suncap Visa, with over 30 years experience in financial services, at times managing in excess of £180 million of client monies, Mark is well-placed to accompany you on your journey to residency and citizenship, led by your needs, whilst delivering peace of mind, whether that be, via a D Visa route or Golden Visa route.
SunCap Visa Ltd was established in 2023 by Mark Penney as a boutique consultancy service for those wishing to regain their EU rights post Brexit via Portuguese residency. The combination of experienced legal and tax advisors, “dovetailing” with SunCap Visa no-nonsense approach for sound solutions bodes well for delivering a great outcome for potential clients and their families. As we say in our strapline: ” We Listen, We Guide, We Walk Alongside” by listening to your desires, we create a pathway that is tailor made and works for you -we recognise no two clients’ needs are identical.
Maria Alvarez Garcia is a Partner at Vida Advisors, overseeing tax, legal, structuring, and fundraising matters. She also specializes in proprietary delta one trading on listed securities in EU markets. Before Vida, Maria co-founded a multiplatform with €250M financing and worked at Macquarie Bank and Barclays Capital in London. She began her career as a corporate M&A and Tax Lawyer at Freshfields Bruckhaus Deringer in Madrid. Maria holds degrees in Economics & Finance and Law from Universitat Pompeu Fabra, Spain.
Vida Capital Partners is a regulated entity focused on investing in sustainable hospitality operating companies. By investing in Vida, investors can enter the Golden Visa program and receive EU citizenship.
If you would like to register, please click here