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Latest News

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
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
Golden Visa investments fall againIn November of 2019, total investments from Residence Permits for Investment Activities (ARI) tallied €37 million, a decrease of 52% over the same month of 2018 (€77.1 million). Comparing to...Read more
State Budget 2020 - Incentives for leaving local lodging The Government is studying incentives for migrating short-term local lodging to affordable long-term leases. It is not yet known how the Government plans to accomplish this objective. It may become...Read more
Golden Visas: Portugal has Europe's second most attractive regimeOnly Greece and Latvia have more advantageous Golden Visa schemes than Portugal, requiring an investment of just €250,000 for foreigners wishing to settle in their territories. Portugal has maintained the...Read more
Local Lodging falls sharply nationwideLocal Lodging is on the decline across the country with new registrations dropping by 43% when compared to the same period last year. According to data from the Local Lodging...Read more
Brexit to cut 100,000 British Holidaymakers to PortugalIn all, Brexit is set to cancel eight million tourists travelling in 2021. In Spain alone, there should be 1.3 million fewer UK nationals travelling according to projections of the...Read more

The 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 foreign pensioners. Nevertheless, this apparent tax giveaway would have never existed if the NHR regime had not attracted these foreigners to Portugal in the first place. For example, these pensioners paid almost €80 million to the state in Individual Income Tax (“IRS “) on non-exempt income. In addition, there are IMT, IMI and VAT levies which the Government collects above and beyond the scope of the Non-Habitual Residency scheme.