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EU member with NHR tax regime for new residents
Region
WESTERN EUROPE
Corporate Tax
19%
Setup Time
2 weeks
Currency
EUR
Portugal, at Western Europe's edge, offers Mediterranean lifestyle with favorable tax regimes for certain residents. The country's accessible company registration and Non-Habitual Resident program support attractive business setup.
With a population of 10 million, Portugal offers pleasant living from cosmopolitan Lisbon to historic Porto. Portuguese is official, with English common in business and tourism. The climate is warm Mediterranean.
Healthcare is good through public and private systems. Safety is excellent with low crime rates. The cost of living is moderate for Western Europe.
The lifestyle, climate, and relatively accessible real estate have attracted significant international migration.
Corporate tax rate stands at 21% (17% for SMEs in mainland, lower in Madeira and Azores). Personal income tax reaches 48%. VAT applies at 23% standard rate.
Portugal uses the Euro. The NHR (Non-Habitual Resident) regime offered tax advantages for qualifying new residents, though terms have evolved. Tourism drives significant activity, with tech sector growing.
Company registration through Empresa na Hora (Company in an Hour) is efficient. The LDA (sociedade por quotas) is common. Foreign ownership faces no EU restrictions.
Company formation can complete within days. Minimum capital for LDA is EUR 1. Annual compliance includes filing accounts and tax returns.
The Banco de Portugal registers virtual asset service providers. Portugal's historically favorable crypto tax treatment has attracted digital asset community, though taxation is being reformed.
The SRIJ (gaming regulatory authority) regulates gambling. Online gambling licensing exists with established framework. Portugal has licensed various operators for the domestic market.
Economic recovery continues post-crisis. The small domestic market requires export or EU focus. Housing costs in Lisbon have increased significantly.
Banking access is available through Portuguese and EU banks. Professional services are well-developed.
Portugal suits lifestyle-oriented entrepreneurs, tech businesses, and those attracted to NHR benefits for their business setup.
Local: Lda
Local: SA
Local: Sucursal
| Corporate Tax Rate | 19% |
| Personal Income Tax Rate | 48% |
| VAT / Sales Tax | 23% |
| Capital Gains Tax | 28% |
| Withholding Tax | 25% |
| Reduced Corporate Tax Available | Yes |
| Non-Resident Withholding Exempt | No |
| Tax Treaty Network | Yes |
| Banking Access | HIGH |
| Financial Privacy | LOW |
| Currency Controls | NONE |
| Local Bank Account Required | No |
| Non-Resident Bank Account Allowed | Yes |
| Physical Presence for Banking | Yes |
| Banks Restrictive (High Risk) | No |
| AML Officer Required | No |
| MLRO Required | No |
| Compliance Officer Required | No |
| Data Protection Officer Required | Yes |
| Bookkeeping Frequency | Annual |
| Local Bookkeeping Required | Yes |
| Mandatory Audit | No |