US Individuals Moving to Portugal
Portugal offers a high quality of life, affordable living, and a safe, welcoming community. With attractive tax incentives, excellent healthcare, and a pleasant climate, it's no wonder more Americans are moving to Portugal.
Moving to Portugal: Why The Portuguese Golden Visa Is A High-Net-Worth Essential
The Portuguese Golden Visa remains golden for a reason – despite its various changes since its introduction in 2012. Thousands of families have benefited from the programme, identifying the second residency option as a high-net worth essential. It therefore comes at no surprise why more American’s are moving to Portugal.
The aftermath of U.S. elections has prompted many Americans to reconsider their future plans. Recent surveys have indicated that nearly 20% of U.S. citizens are contemplating emigration due to political dissatisfaction, lifestyle changes, or a desire for greater stability, and Portugal leads as one of the top destinations due to affordability, safety, and a high quality of life. Whether you are relocating, exploring life in Portugal, or navigating visas, now is the perfect time to begin your journey.
Portugal’s Golden Visa
The residency-by-investment programme allows non-EU/EEA citizens to obtain a Portuguese residence permit in exchange for an investment in Portugal – namely:
- Fund investment: Investing a minimum of €500,000 in a Portuguese non-real estate collective investment fund, OR
- Commercial Company: one of the following two options are available:
- Newly incorporated; capital transfer of at least €500,000, with headquarters in Portugal, combined with the creation of five permanent jobs or maintenance of 10 jobs, OR
- Existing company; capital transfer of at least €500,000, with headquarters in Portugal, combined with the creation of five permanent jobs, or maintenance of 10 jobs, OR
- Job Creation: creation of 10 jobs, OR
- Research Activities: a capital transfer of €500,000 to a private or public scientific research institution (or €400,000 in a low-density areas), OR
- Artistic Productions: a capital transfer of €250,000 for investment in artistic productions reflecting national cultural heritage (or €200,000 in a low-density area).
Taxation in Portugal
To ensure a smooth transition, it is crucial to consider the tax implications before relocating to Portugal. Tax compliance is not only essential for peace of mind but also a necessity.
Portugal’s residency-based tax system means residents are taxed on their worldwide income, requiring them to file tax returns in both the US and Portugal. Navigating the tax systems of both countries can be challenging, but with proper planning and professional guidance, you can ensure compliance and make the most of the available tax benefits.
Why Choose Portugal?
Portugal is a popular destination for investors due to its high quality of life, stable economy, and favourable tax regime. The country offers a beautiful climate, excellent healthcare, and a strong educational system.
Benefits
- EU citizenship
- Family reunification
- Visa-free travel in Schengen area
- Tax benefits
- Lower investment and more flexibility than other EU residency programs
- Minimum requirement of 7 days average stay in Portugal per year
- Individuals who choose to become tax resident in Portugal can benefit from the Non-Habitual Residents Programme (it is possible for non-EU individuals to apply to the two schemes simultaneously)
Need More Information?
Reach out to Dixcart Portugal who will introduce you to independent legal advisors and consultants who will assist you with the process. With decades of experience in the private client sector, and we look forward to helping you. Reach out to advice.portugal@dixcart.com.
Key People
Portugal – Lisbon office details
Portugal Lda provides expertise to international clients, both companies and individuals, seeking to benefit from the organisation of their activities in Portugal. We also provide services to intermediaries, located in countries around the world, who wish to take advantage of the potential available, in the jurisdiction of Portugal, for their clients.
We manage and control companies in Portugal. The Dixcart Lisbon office also provides advice regarding the statutory obligations of companies in Portugal.
Dixcart Portugal Lda
Rua Carlos Testa, 1, 5.ºC
1050-046 Lisboa
Portugal
