Рет қаралды 3,051
Worried about recent changes in Portugal's NHR Tax Program? You're not alone.
The unexpected announcement of its closure left many in a state of uncertainty.
Savvy Cat Realty is here to provide expert guidance through this transition phase, ensuring eligible individuals can still benefit from this limited-time opportunity before December 31, 2023, securing your financial advantages amidst these changes.
What is the NHR?
The NHR program, or Non-Habitual Residence tax program, is a unique tax advantage program in Portugal. It offers substantial benefits to foreign residents, including Portuguese citizens who have been abroad for more than 10 years and those with residency permits acquired through various types of visas. The program provides tax reductions of up to 10% on pension income over a 10-year period. making it particularly attractive for retirees seeking a low-tax regime on their retirement incomes.
Recent Developments
In early October, the Portuguese government announced the end of the NHR program, causing concern among those in the midst of residency and visa processes. However, the government has introduced a transitory program, allowing interested individuals to still benefit from the NHR program for the next 10 years. There are specific prerequisites for eligibility, most of which needed to be completed by October 10, 2023, but there are still ways you can apply and take advantage of the program before December 31, 2023.
Key Prerequisites with Deadlines
Until October 10, 2023
- Rental Contract or Real Estate Acquisition: If you had a rental contract or real estate acquisition in Portugal before October 10, 2023, you are eligible for the transitory period.
- Dependents' School Registration: You qualify if you had a dependent (children under 18) registered in a Portuguese school by October 10, 2023.
Until December 31, 2023
- Employment contract or commitment contract: signed by December 31, 2023, stipulating professional responsibilities within the national territory;
- Residence visa or residence permit valid until December 31, 2023;
- Process of residence visa or permit initiated by December 31, 2023, aligning with immigration laws. This includes actions such as scheduling or attending appointments for application submission or directly applying for the residence permit;
Ensure you get all the necessary requisites for your NHR application before December 31st, 2023 with Savvy Cat Realty.
Last chance: make the NHR process a seamless experience with Savvy Cat Realty!
We will simplify this process for you!
Whether you are exploring rental options or looking to purchase property in Portugal, our dedicated team will ensure a smooth process in every step of the way.
Benefit from our comprehensive support services, tailored to assist you not just in your real estate requisites but also in navigating the intricacies of NHR submissions seamlessly.
🔎🏠🐾 More than a real estate agency, your relocation, buyer and investment experts!
Find out how we can help here:
WEBSITE ➜ www.savvycatrealty.com/
FACEBOOK ➜ / savvycatrealty
TWITTER ➜ / savvycatrealty
LINKEDIN ➜ / savv. .
📚 Follow our written insights & advice here:
www.savvycatrealty.com/savvy-...
Don't forget to SUBSCRIBE and COMMENT any questions
you might have or email us at contact@savvycatrealty.com!
We wish you all a Purr-Fect Day 😸
✨THANK YOU FOR WATCHING!✨
DISCLAIMER
Due to the current (and unstable) state of the Portuguese real estate market, Savvy Cat Realty does not guarantee that all information or advice shared in this video is up to date. For any further questions concerning our content or products, please book an Advisory Call with a qualified Savvy Cat Expert or contact us at contact@savvycatrealty.com
-----------------------------------------------------
Motion Graphics (motionelements.com)
Intro Project: Clean Shape Logo (11340447)
Artista: miph
End Project: Minimal Piano Logo (11757903)
Artist: ATMotion
#portugal #expat #realestate #saving #business #smart #property #investing #renovating #consulting #noncommission #transparent #spiritual #wanderlust #realestateexperts #portugalexpat #homebuyers #relocate #relocationspecialist #relocationservices #relocating #buyersagent #bestplacesinportugal #buy #buying #buyingahouseinportugal #buyingpropertyinportugal #lifeexpat #lifeinportugal #expatsinportugal #expatsportugalyoutube #goodlifeinportugal #livinginportugal #livinginportugalasanamerican #livinginportugalprosandcons #movetoportugal #movingtoportugal #portugalproperty #portugueseproperty #propertyinportugal #wheretoliveinportugal #purchase #savvycatrealty