A leading country for individuals and families seeking residence in the EU, Portugal provides a stable political and social environment, clear and transparent tax rules, good infrastructure, a favourable investment climate and an excellent quality of life. It’s not surprising that more and more people are looking to take up residency in Portugal and Sovereign has several concierge services to facilitate the application processes.
Book a ‘discovery meeting’ with us today so that we can ascertain your personal circumstances and guide you to find the best route to seek residency in Portugal. We will consider your worldwide income and can provide you with a personal tax assessment and simulation that will indicate your likely tax situation as a resident of Portugal.
Subject to the first meeting, we will provide you with a clear overview of the costs involved to secure the practical and reliable advice for which the Sovereign Group is internationally-renowned. Whichever form of residency you choose, our experts will assist you with all of the necessary formalities, cutting down on delays and rejected applications.
Apart from guiding you through your residency procedures, Sovereign can also act as your fiscal representative and help you with your taxes.
If you are interested in setting up a company in Portugal, please look at our Portuguese Corporate Services section here.
Residency in Portugal
Portugal has become the leading location for HNWIs seeking residence in the EU. It offers a stable political and social environment, clear and transparent tax rules, good infrastructure, a favourable investment climate, a skilled labour force and an excellent quality of life.
The Golden Visa and Passive Income (D7) Visa programmes provide qualifying non-EU nationals with full rights to live, work and study in Portugal. They also offer visa-free access throughout the Schengen zone and, after five years, holders have the right to apply for peramanent residency or citizenship in Portugal. Visa holders may also be eligible for Portugal’s highly beneficial Non-Habitual Resident (NHR) tax regime.
Sovereign will guide you to the best route to residency in Portugal, provide you with practical and reliable advice and assist you with all application procedures.
As well as assisting with residency applications, Sovereign offers continued support to clients that require ongoing Fiscal Representation and accounting services in Portugal. To invest in property, apply for residence, carry on a business, or establish any form of official presence in Portugal, non-EU nationals are required to appoint a Fiscal Representative to serve as an interface with the Tax Department.
As your Fiscal Representative, Sovereign will receive all Tax Department correspondence and will act on behalf of clients to ensure that their fiscal responsibilities. In addition to submitting the necessary tax returns and paying all taxes, we will also provide any requested clarifications, raise tax appeals, implement Double Taxation Agreement (DTA) provisions, and ensure that tax payments are made within deadlines. We will also assist with any residence applications.
Portuguese Guide to Taxation
The Portuguese tax system is among the most generous in the European Union and, combined with Portugal’s many other attractions, it has turned the country into one of the most popular destinations worldwide for expats and other investors. With careful planning, you can make the most of tax-efficient opportunities when moving to Portugal or buying Portuguese property.