I heard that the NHR program in Portugal might be removed in 2024. What are your thoughts on this?
2024: The End of Portugal's NHR Scheme - Discuss the Implications and Alternatives?
- Thread starter GalacticGazelle
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Uruguay has a similar regime.
Uruguay doesn't tax foreign income but does tax foreign investments. New residents get a 10 year tax holiday that exempts them from any taxes on their foreign investments: Tax in Uruguay | HTJ Tax.
I've been considering it myself, but the country itself doesn't fully convince me. It's expensive and seems a little dull. Being next to more exciting countries such as Argentina or Brazil is a plus though.
Uruguay doesn't tax foreign income but does tax foreign investments. New residents get a 10 year tax holiday that exempts them from any taxes on their foreign investments: Tax in Uruguay | HTJ Tax.
I've been considering it myself, but the country itself doesn't fully convince me. It's expensive and seems a little dull. Being next to more exciting countries such as Argentina or Brazil is a plus though.
https://www.bloomberg.com/news/arti...s-non-habitual-resident-tax-regime-costa-says
"Portugal Plans to End 10-Year Tax Break for New Residents"
"Portugal Plans to End 10-Year Tax Break for New Residents"
I know it will still take some time until this becomes a law, but if you were planning to apply, better move fast.
Most local source I could find: https://www.jornaldenegocios.pt/...
Most local source I could find: https://www.jornaldenegocios.pt/...
Well, that was the only reason someone would pick Portugal over Spain (except the guys from Brazil of course).
Now you have Cyprus, Ireland, Malta for non-dom and to some extend Italy as a low-tax option in EU unless you can afford Monaco or willing to live in a micro-state.
Now you have Cyprus, Ireland, Malta for non-dom and to some extend Italy as a low-tax option in EU unless you can afford Monaco or willing to live in a micro-state.
I would give Portugal a wide berth after this announcement if your planning to move there.
Don't worry the same people complaining about inflated housing market could soon be complaining about a deflated housing market in some years time smi(&%.
Don't worry the same people complaining about inflated housing market could soon be complaining about a deflated housing market in some years time smi(&%.
This source says the PM said it would end AFTER 2024. DOes this mean if we move and get it set up prior to the end of 2024, we should be grandfathered in?
https://www.imidaily.com/program-up...minister-says-nhr-regime-will-end-after-2024/
https://www.imidaily.com/program-up...minister-says-nhr-regime-will-end-after-2024/
Wait for official written statement from government or get a legal opinion from a local lawyer. If your thinking of taking the risk now then get whatever they tell you in writing.
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