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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
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
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

  • 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 in complementary means of diagnosis and therapy.
  • Extra Social Security pension increase

The extraordinary increase in lower pensions (between six and ten euros) will take effect one month after the OE2020 is given final approval. The one-off update will be 10 euros.

  • Reduction of university tuition

In the academic year 2020/2021, the maximum tuition charge will be limited to €697. In 2019, the highest tuition reinforcement was €871. This tuition drop corresponds to a 20% hike in  support when compared to the previous school year fees.

  • Suspension of the construction of the Lisbon Metro Circular Line

The construction project for Lisbon’s projected Circular Metro line has been suspended in order to conduct technical and economic viability studies that will allow for  a comparative assessment between an extension to Alcântara and the Circular Line .

  • 10% IRS for foreign pensioners and end of “Golden Visas” in Lisbon and Porto

An amendment to the tax regime for Non Habitual Residents (NHR) provides for the application of a 10% minimum tax on foreign pension income. Golden Visas are also limited to real estate investments in interior municipalities or in the autonomous regions of the Azores and Madeira.

  • Free daycare centres for 56,000 children

Parliament has approved a proposal that guarantees tuition relief for those children in daycare  who are most in need. Over 56,000 of Portugal’s most needy children will be eligible for this financial support.