To attract potential foreign investors, Portugal runs a residence scheme that offers tax breaks to skilled professionals, while non-EU citizens who spend more than €500,000 ($560,000) on a property or create sufficient jobs can apply for a “golden visa”
The number of foreign residents registered in Portugal increased by more than 93,000 to a record of almost half a million. For new residents, Portugal provides tax exemption for 10 years. In accordance with the terms of the NHR (Non-Habitual Resident) program, most types of income that come from a foreign source or that are taxed in another country are exempted from Portuguese taxes for ten years. This is possible if you were in Portugal more than 183 days a year.
Portugal, besides its geostrategic position on the Atlantic zone, is blessed with great weather, affordable living costs, reduced tax options, good infrastructure and commendable education and healthcare systems attracting scores of expats every year.
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