NHR Tax Status Grandfathering Conditions

The Portuguese government announced in their state budget for 2024, that anyone who has applied to secure NHR tax status in Portugal by December 31st, 2023, must be able to prove they have taken serious steps to prove intent to reside and pay tax in Portugal under NHR tax regime.

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Here are the crucial things you must have in place  to prove your intent and ensure you qualify for grandfathering as laid out by the government in its state budget at the end of November 2023:

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• Established a residential address in Portugal. This could be evidenced by a rental agreement, property ownership documents, and utility bills in your name.

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• If you have dependants joining you in Portugal, provide proof of their schooling arrangements in the country.

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• Having a proof of work letter to evidence you intent to work in the country.

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Disclaimer: The information on the Portugal Pathways website and in email communications is for general informational purposes only and should not be construed as legal, tax, or financial advice. You should consult and check with a qualified professional advisor before relying on any information provided on this website or in email communications. As it relates to investments in Golden Visas or other wealth management solutions offered by regulated and professional advisors, it is important to note that past performance is no guarantee of future returns. Private equities can be highly illiquid and come with risk and should always be under professional independent advice.

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