The Portuguese authorities, through Law n. º 29/2012, of August 9th approved the legal regime through which it is now possible for nationals of a third country (Non-EU) to obtain a residence permit for the development of an investment activity in Portugal. It’s Portugal's well known Citizenship by Investment – “the Golden Visa”. Apart from the Investment Visa, Portugal has also introduced in its legislation a “low tax” regime for Non-Habitual Residents. The NHR status can be granted to individuals, who become resident for tax purposes in Portugal, provided they have not been residents in Portugal for the previous five years. NHR individuals may enjoy such status for a ten-year period, after which they will be taxed under the standard personal income tax rules in Portugal regime. Non-EU country nationals have, therefore, the possibility to simultaneously apply for the Investment Visa (Golden Visa) as well as for the NHR (Non-Habitual Residents) tax break. Call us and ask for further information; or contact us at: info@madintaxtrustee.com

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