The Portuguese government seeks to attract more and more foreign investors from the private sector. Nachokri – Stock.adobe.com
Our tips – Portugal attracts not only retirees, but also investors. Medium-sized cities compete with their more established competitors.
“Portugal doesn’t just attract rich foreign retirees!» The golden system, which made the Lusitanian state a financial El Dorado, does not only make people happy. While Portugal’s show continues until Sunday in Paris, the Portuguese elected official makes no secret of his annoyance when we talk to him about his country’s financial advantages. In fact, foreign retirees’ pensions are only taxed at 10%, after having been tax-free for a long time. But they are not the only beneficiaries: young workers who want to invest in Portugal too. In fact, their income generated outside France is taxed at a flat rate of 20%. More beneficial taxes than France for French families earning at least €5,000 per month.
To benefit from this benefit linked to the non-habitual resident status valid for a non-renewable 10-year period, you must nevertheless meet several conditions: Not to have resided in Portugal for the last five years, and to have stayed there for at least 183 days per year, consecutive or not, submit Apply for this status before March of the year following the installation and, finally, carry out an activity known in Portugal as “High Added Value” (doctors, R&D, technologies, journalists, craftsmen or in the fields of fashion, jewellery, wine, etc.). Therefore those who tick all these boxes may have an interest in purchasing accommodation in Portugal and then renting it out. And all because the conditions for granting credit will become more favorable for those who plan to apply to a Portuguese bank…
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