Get Acquainted with Applying for NHR Portugal!

NHR Portugal

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Do you want to enjoy the benefits of the NHR (Non-Habitual Resident) regime to the fullest? Then, reading this article is certainly going to be a great idea. Here, you will learn the basic peculiarities that can be suggested in order to give an overall intro to NHR Portugal.

Let’s start!

What Is So Good about the NHR Regime?

Here are the major advantages of being a part of the NHR Portugal regime:

  • You are about to receive a special tax treatment for the next decade;
  • There is no wealth tax;
  • You will face a 20% flat rate on some types of Portuguese income;
  • There is no requirement for the minimum stay;
  • As for the foreign source income, there is a tax exemption on most of it.

Looks cool, right? So, if you had any doubts before, now, you probably see more sense in applying for NHR Portugal as soon as possible.

Check Whether You Can Request NHR Portugal at All

Every applicant who wants to apply for NHR must follow certain requirements. Their list is given below:

  • You have not been a Portuguese tax resident in the five years before you took residence in this country;
  • You have a right to live in Portugal. To be exact, you may be a participant of the Golden Visa program, an EU/Swiss or EEA citizen.

And, there is one more key aspect too. You must hold a place of residency in Portugal on the 31st year of December with the intent to have habitual residence.

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What Shall You Do in Order to Apply for NHR in Portugal?

There is a clear sequence of actions and you’d better stick to it if you want the whole process to be as quick and simple as possible. Let’s see what it is about.

  1. Get all the documents that are necessary in order to apply for the NHR regime. The basic list includes a passport, EHIC card, NIF (do not worry if you do not have it now as long as it does not take too much time to get it), and suggesting a current address if you are an EU/EEA or a Swiss resident. If you belong to non-EU citizens, then, you will have to ask for a residence permit before the procedure is initiated.
  2. Think about how you will be applying for NHR. This may be done totally on your own but you can also stick to professional assistance. As people say, the second option tends to be easier and quicker. 
  3. If you choose to work with an intermediary, you need to devote some of your time to the research. It is really important to find a nice service provider who will not let you down. That is why do not forget to take a look at the reviews of the clients and check the official site out. This way, you will have an overall idea of how everything will be done, how much you will have to pay, and so on.
  4. Once you have determined your choice, contact the service provider. By the way, you may not even do this but just enter the site, find the help you are interested in (applying for NHR), click there, and this is it. You will be given further instructions among which there is an explanation of what documents you should upload, and payment.
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So, as you see, the whole process of applying for NHR is not as hard as it may seem at first sight. Just go ahead and do it, and you will manage to get such a status!

NHR Portugal article and permission to publish here provided by Anastasiia Romanko. Originally written for Supply Chain Game Changer and published on September 23, 2022.

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