Portugal is a highly desirable location for permanent living and for retirement. But it’s not just about sunshine, great food and friendly people. The non-habitual residency scheme allows many people moving from overseas to pay a special low, flat tax rate on their Portuguese income – and no tax on foreign income, including pensions.
Portugal’s golden visa, or residency by investment, is a hugely successful scheme of Portuguese (and therefore EU) residency in return for investing in property or business. Successful applicants gain the right to live and work here, free movement around Europe’s Schengen zone, and the chance to apply for citizenship after 5 years. Here’s how.