14:27 PM in ๐ต๐น Portugal
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Nomad List
Portugal needs foreigners like you!
Portugal is still recovering from the 2008 Financial Crisis and has a rapidly shrinking population with huge brain drain. In 2021, Portugal recorded the largest population decrease in the last 50 years. It is in dire need of foreigners to live, work and spend money there to recover. That's why the Portuguese government is looking to attract high tech remote workers with favorable benefits through the so-called NHR program.
0% tax on foreign income
Tax exemptions apply on almost all foreign sourced income*
0% tax on crypto
Crypto is considered as any currency by the Portuguese tax authorities, thus gains derived from spot transactions are not subject to tax. This may change in the future though. Income in crypto should still be reported as euro-equivalent and is taxed*
0% tax on dividends
Foreign sourced dividends are taxed at 0%*
0% tax on wealth
Unlike other European countries, there is 0% wealth tax in Portugal*
10% tax on pension
Foreign sourced pension is taxed at 10%.*
20% tax on freelancing
Self employment (freelancing) and employment considered as high value professions are taxed at 20%*
No minimum stay requirement
You do not need to spend a minimum amount of time in Portugal for EU-citizens
Fast track to an EU passport
After 5 years of living in Portugal, you can apply for permanent residence in Portugal. Once you have permanent residence, you can apply for Portuguese citizenship with a European passport after another year. This is much faster than other EU countries which usually take 10-15 years. Portugal has the #3 best passport in the world giving you visa-free access to 160 countries including the United States, United Kingdom, Canada, Australia and New Zealand!
Foreigners can 100% own land and real estate
Unlike many places in Asia, you can buy and 100% own land and real estate as a foreigner. Even if you decide to leave Portugal and stop being a resident in the future. This makes it interesting for investment too.
Remote worker friendly & affordable
Portugal is one of the most popular places for remote workers is very affordable to live with median rents at $700/mo which is 63% lower than the median rent in Europe. Food and other expenses are also much cheaper. The weather is mild to warm all year round. There's a huge social scene of int'l people. And it's geographically central: only an 11-hour flight to Bangkok and a 6-hour flight to New York. This makes it a great place for remote workers and nomads to set up their base from.
Fastest growing EU economy
Portugal just became the fastest growing economy in the European Union in 2022, probably due to attracting remote working foreigners. You might literally be helping a country recover from decades of economic despair by moving here!
Highly walkable for a healthy life
With its mild year-round climate and clean air, great trails, pathways, Portugal is ideal for active people looking to walk, go for hikes or running.
94% vaccination rate
94% of Portuguese are now vaccinated against COVID-19 making it the #2 in the world
Fluent English speakers
Portuguese are ranked #7 in English profiency putting them in the top of non-native English speakers worldwide.
Rebase helps 2% of all people who move to Portugal
Every year 64,000 people move to Portugal, Rebase now helps 2% of those, or 1,000+ people per year! (Based on current rate of 115/mo). It'd be more like 20% but we're still growing and having capacity limits while scaling up.
Pricing
For EU citizens. A one-hour video call with you where we analyze your situation with an immigration and tax advisor, run you through the process and answer any questions you may have. Payment is through Stripe Checkout after you fill out this form and non-refundable.
For non-EU citizens. A one-hour video call with you where we analyze your situation with an immigration and tax advisor, run you through the process and answer any questions you may have. Payment is through Stripe Checkout after you fill out this form and non-refundable.
Assistance on the immigration process, tax representation including Portuguese tax ID (NIF) request, support in registering residency address, and NHR application
Filing your annual tax returns, the cost may vary according to the type of income you have
Registering as freelancer and acquiring a social security number (SNS). This only applies if you'd like to work as a self-employed freelancer in Portugal
Filing your quarterly tax and social security statement compliance and administration for issuing 12 invoices (recibos verdes) as a freelancer
