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31 results for "NHR"

What Happened to the NHR Tax Regime for Portugal's Golden Visa? Citizenship by Investment

What Happened to the NHR Tax Regime for Portugal’s Golden Visa?

Portugal's Non-Habitual Resident (NHR) tax regime has been a big draw for international investors and tax residents since its launch in 2009. The scheme offered substantial tax benefits, including tax-free transactions and reduced rates on pension income and wealth for up to a decade. However, in October 2023, the Portuguese Prime Minister announced plans to phase out the NHR regime . As of January 2024, the scheme closed to new applicants, with some exceptions for those meeting specific...

Angela Taylor
Portugal's NHR Regime Changes and the Golden Visa Citizenship by Investment

Portugal’s NHR Regime Changes and the Golden Visa

The Portuguese government has made a pivotal announcement regarding the cessation of the Non-Habitual Residents (NHR) regime, effective from 1 January 2024. This decision marks a significant shift in Portugal's approach to attracting global talent and investment, directly affecting individuals planning to relocate to Portugal who will no longer be eligible for the special tax regime under the NHR unless they meet specific conditions and have a valid residence visa by 31 December 2023. This...

Jessica Garcia

UK Expats in Italy: Complete Money & Tax Guide

Italy has become the standout European destination for high-net-worth British movers since the regime dei neo-residenti (the flat-tax regime for new residents) replaced Portugal’s NHR...