The Investment Tax Code, created by Decree-Law n.º 249/2009, approved on September 23rd, implemented a Personal Income tax system for the non-regular resident, with the purpose of attracting to Portugal foreign investment. The non-regular resident tax regime is available for citizens meeting the following conditions:

• Deemed resident on Portuguese territory for tax purposes, according to any of the criteria defined under Article 16, paragraph 1 of the Portuguese Personal Income TaxCode (CIRS), in the year to be taxed as a non-regular resident;
• Has not been deemed resident on portuguese territory during the five years prior to the year pretended to be taxed as a non-regular resident.

The non-regular resident status has to be requested until March 31 of the year after following the one in which he became a resident in the portuguese territory. The Recognition of this status is not automatic and requires activation by attending to the following formalities:

• Application for a Portuguese tax identification number (NIF);
• Registration as tax resident;
• Application for the NHR status

  A citizen deemed non-regular resident can benefit from a favorable personal tax regime during a period of 10 consecutive years, from the year of the registration as a resident on Portuguese territory, as long as continues to be deemed resident in each of the 10 years. These benefits depend on the type of income and its source and can include reduced rates and even tax exemption. The information provided above is an introduction to possible tax consequences of a move to Portugal. It is intended only to be summary.  Individual advice must be obtained.    

Deus quer, o homem sonha, a obra nasce. (Fernando Pessoa, A mensagem, 1934) A FPA tem vindo a registar um crescimento sólido, alargando o âmbito das suas áreas de actuação, directamente e através de parcerias, de modo a oferecer aos clientes soluções jurídicas globais, mas com acompanhamento local. Com início em 2012, o Projecto FPA Advogados tem dado passos seguros no sentido de um crescimento consolidado, assente numa prática pautada por critérios de excelência e focada nos interesses e necessidades do cliente. Agora comunicaremos também através do nosso novo site, acessível em www.fpa-advogados.pt, que também será uma plataforma de comunicação onde abordaremos temas da actualidade com relevância jurídica através de newsletters periódicas. A satisfação dos nossos clientes é o que nos move e é o que nos realiza.   Subscreva aqui a nossa nova Newsletter!