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Living in Portugal:

1. Where do you stand financially?
2. Where to you want to go, and how can you get there?

Let us help you with a comprehensive approach to financial planning. We can provide you with sound advice for your financial life, be it on income tax, your retirement, estate planning and investment management.

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Latest News

Portugal registers 27 million tourists in 2019In 2019, tourist establishments registered 27 million guests and 69.9 million overnight stays, corresponding to annual increases of 7.3% and 4.1%  respectively, according to preliminary data from the National Statistics...Read more
97% of Golden Visas are from acquiring properties on Portugal’s coastThe Government wants to end the granting of Golden Visas for third-country nationals purchasing real estate in the greater metropolitan areas of Lisbon and Oporto. In the seven years since...Read more
Small enterprises and Covid-19Our colleague Raoul Ruiz Martinez spoke about the new Governement initiatives aimed at small enterprises with lay-off measures from April to June and a package of credit lines, in a short...Read more
Covid-19Please rest assured that whilst our offices are closed during the Portuguese State of Emergency and lockdown periods, Eurofinesco remains fully operational and accessible to all of our clients!   Owing to...Read more
Major changes in Golden Visa programmePortugal has revealed plans to overhaul its popular Golden Visa programme in Lisbon and Oporto. In the future, applicants will only be accepted when real estate investments are made outside...Read more
The principal changes to the 2020 State Budget As part of the 2020 State Budget (OE2020) there will be a fresh capital injection of €180 million to the National Healthcare Service which is intended to strengthen healthcare, particularly...Read more
Tax exemptions for non-habitual residents amount to €548 million in 2018The value of tax benefits to non-habitual residents keeps growing according to the “Tribunal de Contas” (National Audit Office). In 2018, there were €548 million in NHR exemptions granted to...Read more
Portuguese nationality: more naturalisations than birthsIn 2018, births in Portugal stood at 87,000 while citizenship concessions rose to nearly 128,000. To date, 2019 statistics continue to reflect the same proportion: net growth in Portuguese citizenship...Read more

The national minimum wage in Portugal rises from €600 to €635 in 2020, a measure that should benefit 720,000 workers. The modification translates into a net salary increase of €31.13 per month (in 14 payments per annum). This basic salary is tax-exempt from Individual Income Tax (IRS). Workers pay only 11% in Social Security contributions. In the EU, the monthly national minimum wage ranges from a high of €2,090 in Luxembourg to a low of €312 in Bulgaria.