Recruitment

GOLDEN VISA

Due to the great growth of the company, we are recruiting

Commercial Consultants, to strengthen our team.

Who can apply?

Recruitment

Who can apply?

Nationals of third countries who pursue an investment activity, in person or through a company, which leads to the achievement of at least one of the following situations in the country for a minimum period of five years:
- Real estate purchases equal to or greater than 500,000 euros;
- Capital Transfer in the amount not less than EUR 1 million;
- Creation of at least 10 jobs.

It covers capital holders of a company established in Portugal or in another EU State and a permanent establishment in Portugal, with controllable contributory situation.

Requirements for Investment Activity

Exercise investment activity for a minimum period of five years from the date of residence permit and attested by declaration under Rules of Engagement.

1. Real estate purchases equal to or greater than 500,000 euros.
Demonstrated by:
• purchasing Title or promise to buy the property stating statement of a financial institution authorized to exercise their activity in the country, attesting to the effective transfer of capital for the acquisition or realization of the promise to buy the sign worth less than 500 thousand euro;
• Updated the conservatory Certificate from the Land Registry, which must always be in the case of pre-contract and whenever legally possible, the respective registration.
• The acquisition may be in ownership, provided that each joint owner invest an amount equal to or greater than 500,000 euros. It can also charge them from a value greater than 500,000 euros and give them to lease and exploitation for commercial, agricultural or tourist;

2. Transfer of capital in the amount not less than 1 million euros
Demonstrated by:
• Declaration of a financial institution authorized to exercise their activity in the country, attesting to the transfer of capital in the amount not less than 1 million, to the account that is the only or the first holder of capital, or for the acquisition of shares or company shares. If the applicant is a corporation is attributable only the proportion of investment corresponding to its share of the capital stock;
• updated commercial registration certificate attesting to the arrest of social participation in society.

3. Creation of at least 10 jobs. (Registration of workers in the social security)

4. Transfer of capital in the amount not less than 250,000 euros (support for artistic production and recovery or maintenance of cultural and social heritage)

5. Transfer of capital in the amount not less than 350,000 euros (scientific and technological research)

6. Acquisition of property and real estate in the amount of not less than 350,000 euros (in the area of urban renewal of built real estate for over 30 years, with rehabilitation works of the acquired real estate)

7. Transfer of capital in the amount not less than 500 thousand euros for the purchase of units in mutual funds or venture capital geared to the capitalization of small and medium enterprises, for this purpose, present the respective plan capitalization and the same is proven feasible

How to apply


Phase I - Through the online site of the Foreigners and Borders Service (SEF), filling their online form, attaching the following documents, which may not need to be made by the applicant itself:
-Passport or other valid travel document valid for at least three months;
-Visa valid Schengen, or short-stay visa - For the purposes of residence permits granted, third-country nationals (non-EU) should regularize their entry into Portugal, within 90 days from the date of first entry in the country. The short-stay visa "Schengen", may be issued by the Portuguese Consulate in the country of origin;
-Proof of legal entry and stay in the national territory;
-Proof of health insurance;
-Request for consultation of the Portuguese criminal record for the "SEF";
-Lack of conviction for a crime which in Portugal is punishable by imprisonment for a period exceeding one year;
-Criminal record certificate from the country of origin or the country in which you reside for more than one year, authenticated by the Portuguese authorities (authentication Portuguese consulate or Apostille);
-Declaration of Engagement provided by the foreign national, stating the commitment of the minimum quantitative requirements concerning the exercise of investment activity in Portugal;
-Proof of contributory situation regularized by negative declaration on the updated debt issued by the Tax and Customs Authority and the Social Security;
-Proof of one of the three (3) types of investment in the country, previously mentioned.

Estimated time to process analysis: 3 days
Administrative costs in Phase I: € 513.75.

Phase II - If the application is accepted online, the applicant must be interviewed, in person, the SEF, which will be collected their biometric data and requested to the Mint, the preparation of your residence permit card.

Estimated residence card request: 15 days
Administrative costs in Phase II: € 5,137.50

Other requisites

Tax Identification Number (TIN) and Tax Manager
-The NIF can be obtained from the Tax and Customs Authority, and waived the presence of the applicant upon presentation of Power of Attorney.
-The tax representative to be resident in the national territory and possessed of Portuguese NIF may also be named and accept this representation by proxy, before the Tax and Customs Authority is not necessary, once again, the presence of the applicant .
Documents required for opening a bank account in Portugal (required when transferring funds and recommended in the other):
-Tax Identification Number Portuguese;
-Passport;
-Proof of Profession.

Permanence times

For renewal of the residence permit may have to show they have met the following minimum stay periods:
-7 days, consecutive or not, in the 1st year;
-14 days, consecutive or in subsequent periods of two years.
Cost of renewal: € 2,568.75

Family reunification

The Residence Permit holders Investment activity may request the entry and residence of family members whenever they are outside the country.

Tax Implications

In the case of acquisition of real estate value of less than 500,000 euros:
The acquisition of real estate in Portugal, the investor will have to bear the following costs related to their acquisition:
-Municipal Tax on Real Estate Transfer ("IMT") tax on the onerous transfer of property, paid just prior to completion of the final contract of sale.
The tax payable is calculated on the value contained in the act or the contract, or higher, on the taxable value of the property, contained in the respective building book:
-Urban properties or fractions intended solely for housing: 6%
-(applicable gradually);
-Other urban properties and other costly acquisitions: 6.5%;
-Rustic Buildings: 5%.
 
In the case of acquisition of real estate value of less than 500,000 euros:
-Stamp Duty ("IS"):

In the deed signing ceremony or final contract of sale, the tax is paid at the rate of 0.8%;
About the buildings with housing allocation with taxable value less than € 1,000,000,00 focuses also stamp duty at the rate of 1% (paid annually).

-Council Tax ("IMI"):
Tax owed by the property owner on 31 December of the year to which the tax; IMI focuses on the taxable value of the property at a rate ranging from 0.3% to 0.5% (fixed annually by the respective municipality) and 0.8% for rural properties;
-Notary Fees and Registration:

The notary and registration fees are borne by the buyer on the deed or act of signing the final contract of sale. The total amount of charges is approximately € 1,000.


NON-HABITUAL RESIDENTS - STATUTE AND TAX REGIME


The Legal Regime foe Non-Habitual Residents was created in 2009 by the Law-by-Decree Nr. 249/2009 on 14th of September, however, because of its complexity there was a need for clarification and an update, which occurred with the Circular Nr. 9/2012 dated on the 3rd of August 2012 which approved the tax regime for Non-Habitual Residents.

SCOPE OF APPLICATION
All European Citizens who are Non Residents in Portugal.

OBJECTIVES
The Portuguese Governments has as main objectives;

-The attraction of Non Resident Citizens to Portugal, and

-The attraction of Investment.

However, in order to benefit from this regime it isn’t necessary to purchase any property or real estate asset, being sufficient that the conditions foreseen in the regime are satisfied. 

HOW TO OBTAIN THE STATUTE OF NON-HABITUAL RESIDENT?
By request addressed at the Department of Registration of Taxpayers in Lisbon, as long as the following Requirements are satisfied:

-To be considered a Resident, for tax purposes, in Portuguese territory since 01/01/2009,

(One is considered a Fiscal Resident when staying in Portuguese territory for more than 183 days per year OR who, on the 31st of December of that year owns a property in those conditions that allow suggesting the intention to maintain and occupy it as regular residence).

-Not to have been taxed as a Fiscal Resident in Portugal in any of the 5 previous years.

CONSEQUENCES AND TERM TO ASSURE THE STATUTE - NON-HABITUAL RESIDENT
The taxable person to whom is granted the Statute of Non-Habitual Residence obtains the right to be taxed as such for the period of 10 consecutive years, counting from the year of registration as Resident in Portuguese Territory, provided that in each of those 10 years he will be considered a resident there.

 

TAXATION ON THE INCOME OBTAINED BY THE NON-HABITUAL RESIDENTS


A - INCOME FROM A PORTUGUESE SOURCE

1 – Categories A and B earned with High Value Added Activities
The net income of categories A (dependent work) and B (independent work) earned with high value added activities are taxed at a special rate of 20%.

2 – Categories A and B (Not Considered as high value added)
With regard to the remaining income of categories A and B (not considered as high value added) and the income of all other categories from Portuguese sources, these are encompassed and taxed according to the general rules set out in the Income Tax Code.

 

B - INCOME FROM A FOREIGN SOURCE

The Regime for the Non-Habitual Residents foresees the elimination of international judicial double taxation by EXEMPTION method.
However, this elimination of double taxation results in, in most cases, as will be seen, a Double Non-Taxation.

 

1 - Category A - Income from dependent labor 
To the non-habitual resident in Portuguese territory obtaining, from abroad, INCOME FROM DEPENDENT LABOR, the EXEMPTION Method is applied, for which it is sufficient that any of the following conditions are verified:

-That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State;

or

-That they are taxed in another country, territory or region, where there is no Convention to eliminate double taxation agreed by Portugal, provided that the income is not considered to be obtained in Portuguese territory.

The Regime for Non-Habitual Residents does not foresee the elimination of international judicial double taxation by Exemption method.
However, this elimination of double taxation results in, in most cases, as will be seen, a Double Non-Taxation.

 

2 - Category B, Category E, Category F and Category G (Income derived from Capital Gain)

-Income from Independent labor (high value added activities) 

or

-Royalties and Copyright 

or

-Revenue from capital assets, property and capital gain

The EXEMPTION method is applied, for which it is sufficient that one of the following conditions is verified:

-That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State

or

-In the event there is no convention to eliminate the double taxation that they are taxed in another country, territory or region, according the OECD convention model and provided that they are not on the list approved by the Ministry of State and Finance regarding the regimes of privileged taxation, clearly more advantageous and, also, provided that the income is not considered to be obtained in Portuguese territory.

 CONCLUSION:

In order for the Exemption of Taxation to be applied, the taxation in the country of origin of the income is not required, but they can be. 

And also, the regime of double non-taxation occurs whenever:

-the convention agreed by Portugal and the State where the income comes from (or the OECD convention model,  interpreted according the observations and reservation expressed by Portugal) foresees that possibility

and that this possibility is not exploited by the State that is the source of the income. 

 

3 – Income from Category H (pensions)
The non-habitual residents in Portuguese territory who obtain from abroad income from category H, in as far as they originate from contributions without deductions for purposes of subsection 2 from section 25º of the CIRS  (IRS Code), the exemption method is applied, for which it is sufficient that one of the following conditions is verified:

That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State

or

are not considered to be obtained in Portuguese territory.
CONCLUSION:
The Income from Category H (Pensions), are, in general, EXEMPT, because they fall under the  DOUBLE NON-TAXATION.

Nationals of third countries who pursue an investment activity, in person or through a company, which leads to the achievement of at least one of the following situations in the country for a minimum period of five years:
- Real estate purchases equal to or greater than 500,000 euros;
- Capital Transfer in the amount not less than EUR 1 million;
- Creation of at least 10 jobs.

It covers capital holders of a company established in Portugal or in another EU State and a permanent establishment in Portugal, with controllable contributory situation.

Requirements for Investment Activity

Exercise investment activity for a minimum period of five years from the date of residence permit and attested by declaration under Rules of Engagement.

1. Real estate purchases equal to or greater than 500,000 euros.
Demonstrated by:
• purchasing Title or promise to buy the property stating statement of a financial institution authorized to exercise their activity in the country, attesting to the effective transfer of capital for the acquisition or realization of the promise to buy the sign worth less than 500 thousand euro;
• Updated the conservatory Certificate from the Land Registry, which must always be in the case of pre-contract and whenever legally possible, the respective registration.
• The acquisition may be in ownership, provided that each joint owner invest an amount equal to or greater than 500,000 euros. It can also charge them from a value greater than 500,000 euros and give them to lease and exploitation for commercial, agricultural or tourist;

2. Transfer of capital in the amount not less than 1 million euros
Demonstrated by:
• Declaration of a financial institution authorized to exercise their activity in the country, attesting to the transfer of capital in the amount not less than 1 million, to the account that is the only or the first holder of capital, or for the acquisition of shares or company shares. If the applicant is a corporation is attributable only the proportion of investment corresponding to its share of the capital stock;
• updated commercial registration certificate attesting to the arrest of social participation in society.

3. Creation of at least 10 jobs. (Registration of workers in the social security)

4. Transfer of capital in the amount not less than 250,000 euros (support for artistic production and recovery or maintenance of cultural and social heritage)

5. Transfer of capital in the amount not less than 350,000 euros (scientific and technological research)

6. Acquisition of property and real estate in the amount of not less than 350,000 euros (in the area of urban renewal of built real estate for over 30 years, with rehabilitation works of the acquired real estate)

7. Transfer of capital in the amount not less than 500 thousand euros for the purchase of units in mutual funds or venture capital geared to the capitalization of small and medium enterprises, for this purpose, present the respective plan capitalization and the same is proven feasible

How to apply


Phase I - Through the online site of the Foreigners and Borders Service (SEF), filling their online form, attaching the following documents, which may not need to be made by the applicant itself:
-Passport or other valid travel document valid for at least three months;
-Visa valid Schengen, or short-stay visa - For the purposes of residence permits granted, third-country nationals (non-EU) should regularize their entry into Portugal, within 90 days from the date of first entry in the country. The short-stay visa "Schengen", may be issued by the Portuguese Consulate in the country of origin;
-Proof of legal entry and stay in the national territory;
-Proof of health insurance;
-Request for consultation of the Portuguese criminal record for the "SEF";
-Lack of conviction for a crime which in Portugal is punishable by imprisonment for a period exceeding one year;
-Criminal record certificate from the country of origin or the country in which you reside for more than one year, authenticated by the Portuguese authorities (authentication Portuguese consulate or Apostille);
-Declaration of Engagement provided by the foreign national, stating the commitment of the minimum quantitative requirements concerning the exercise of investment activity in Portugal;
-Proof of contributory situation regularized by negative declaration on the updated debt issued by the Tax and Customs Authority and the Social Security;
-Proof of one of the three (3) types of investment in the country, previously mentioned.

Estimated time to process analysis: 3 days
Administrative costs in Phase I: € 513.75.

Phase II - If the application is accepted online, the applicant must be interviewed, in person, the SEF, which will be collected their biometric data and requested to the Mint, the preparation of your residence permit card.

Estimated residence card request: 15 days
Administrative costs in Phase II: € 5,137.50

Other requisites

Tax Identification Number (TIN) and Tax Manager
-The NIF can be obtained from the Tax and Customs Authority, and waived the presence of the applicant upon presentation of Power of Attorney.
-The tax representative to be resident in the national territory and possessed of Portuguese NIF may also be named and accept this representation by proxy, before the Tax and Customs Authority is not necessary, once again, the presence of the applicant .
Documents required for opening a bank account in Portugal (required when transferring funds and recommended in the other):
-Tax Identification Number Portuguese;
-Passport;
-Proof of Profession.

Permanence times

For renewal of the residence permit may have to show they have met the following minimum stay periods:
-7 days, consecutive or not, in the 1st year;
-14 days, consecutive or in subsequent periods of two years.
Cost of renewal: € 2,568.75

Family reunification

The Residence Permit holders Investment activity may request the entry and residence of family members whenever they are outside the country.

Tax Implications

In the case of acquisition of real estate value of less than 500,000 euros:
The acquisition of real estate in Portugal, the investor will have to bear the following costs related to their acquisition:
-Municipal Tax on Real Estate Transfer ("IMT") tax on the onerous transfer of property, paid just prior to completion of the final contract of sale.
The tax payable is calculated on the value contained in the act or the contract, or higher, on the taxable value of the property, contained in the respective building book:
-Urban properties or fractions intended solely for housing: 6%
-(applicable gradually);
-Other urban properties and other costly acquisitions: 6.5%;
-Rustic Buildings: 5%.
 
In the case of acquisition of real estate value of less than 500,000 euros:
-Stamp Duty ("IS"):

In the deed signing ceremony or final contract of sale, the tax is paid at the rate of 0.8%;
About the buildings with housing allocation with taxable value less than € 1,000,000,00 focuses also stamp duty at the rate of 1% (paid annually).

-Council Tax ("IMI"):
Tax owed by the property owner on 31 December of the year to which the tax; IMI focuses on the taxable value of the property at a rate ranging from 0.3% to 0.5% (fixed annually by the respective municipality) and 0.8% for rural properties;
-Notary Fees and Registration:

The notary and registration fees are borne by the buyer on the deed or act of signing the final contract of sale. The total amount of charges is approximately € 1,000.


NON-HABITUAL RESIDENTS - STATUTE AND TAX REGIME


The Legal Regime foe Non-Habitual Residents was created in 2009 by the Law-by-Decree Nr. 249/2009 on 14th of September, however, because of its complexity there was a need for clarification and an update, which occurred with the Circular Nr. 9/2012 dated on the 3rd of August 2012 which approved the tax regime for Non-Habitual Residents.

SCOPE OF APPLICATION
All European Citizens who are Non Residents in Portugal.

OBJECTIVES
The Portuguese Governments has as main objectives;

-The attraction of Non Resident Citizens to Portugal, and

-The attraction of Investment.

However, in order to benefit from this regime it isn’t necessary to purchase any property or real estate asset, being sufficient that the conditions foreseen in the regime are satisfied. 

HOW TO OBTAIN THE STATUTE OF NON-HABITUAL RESIDENT?
By request addressed at the Department of Registration of Taxpayers in Lisbon, as long as the following Requirements are satisfied:

-To be considered a Resident, for tax purposes, in Portuguese territory since 01/01/2009,

(One is considered a Fiscal Resident when staying in Portuguese territory for more than 183 days per year OR who, on the 31st of December of that year owns a property in those conditions that allow suggesting the intention to maintain and occupy it as regular residence).

-Not to have been taxed as a Fiscal Resident in Portugal in any of the 5 previous years.

CONSEQUENCES AND TERM TO ASSURE THE STATUTE - NON-HABITUAL RESIDENT
The taxable person to whom is granted the Statute of Non-Habitual Residence obtains the right to be taxed as such for the period of 10 consecutive years, counting from the year of registration as Resident in Portuguese Territory, provided that in each of those 10 years he will be considered a resident there.

 

TAXATION ON THE INCOME OBTAINED BY THE NON-HABITUAL RESIDENTS


A - INCOME FROM A PORTUGUESE SOURCE

1 – Categories A and B earned with High Value Added Activities
The net income of categories A (dependent work) and B (independent work) earned with high value added activities are taxed at a special rate of 20%.

2 – Categories A and B (Not Considered as high value added)
With regard to the remaining income of categories A and B (not considered as high value added) and the income of all other categories from Portuguese sources, these are encompassed and taxed according to the general rules set out in the Income Tax Code.

 

B - INCOME FROM A FOREIGN SOURCE

The Regime for the Non-Habitual Residents foresees the elimination of international judicial double taxation by EXEMPTION method.
However, this elimination of double taxation results in, in most cases, as will be seen, a Double Non-Taxation.

 

1 - Category A - Income from dependent labor 
To the non-habitual resident in Portuguese territory obtaining, from abroad, INCOME FROM DEPENDENT LABOR, the EXEMPTION Method is applied, for which it is sufficient that any of the following conditions are verified:

-That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State;

or

-That they are taxed in another country, territory or region, where there is no Convention to eliminate double taxation agreed by Portugal, provided that the income is not considered to be obtained in Portuguese territory.

The Regime for Non-Habitual Residents does not foresee the elimination of international judicial double taxation by Exemption method.
However, this elimination of double taxation results in, in most cases, as will be seen, a Double Non-Taxation.

 

2 - Category B, Category E, Category F and Category G (Income derived from Capital Gain)

-Income from Independent labor (high value added activities) 

or

-Royalties and Copyright 

or

-Revenue from capital assets, property and capital gain

The EXEMPTION method is applied, for which it is sufficient that one of the following conditions is verified:

-That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State

or

-In the event there is no convention to eliminate the double taxation that they are taxed in another country, territory or region, according the OECD convention model and provided that they are not on the list approved by the Ministry of State and Finance regarding the regimes of privileged taxation, clearly more advantageous and, also, provided that the income is not considered to be obtained in Portuguese territory.

 CONCLUSION:

In order for the Exemption of Taxation to be applied, the taxation in the country of origin of the income is not required, but they can be. 

And also, the regime of double non-taxation occurs whenever:

-the convention agreed by Portugal and the State where the income comes from (or the OECD convention model,  interpreted according the observations and reservation expressed by Portugal) foresees that possibility

and that this possibility is not exploited by the State that is the source of the income. 

 

3 – Income from Category H (pensions)
The non-habitual residents in Portuguese territory who obtain from abroad income from category H, in as far as they originate from contributions without deductions for purposes of subsection 2 from section 25º of the CIRS  (IRS Code), the exemption method is applied, for which it is sufficient that one of the following conditions is verified:

That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State

or

are not considered to be obtained in Portuguese territory.
CONCLUSION:
The Income from Category H (Pensions), are, in general, EXEMPT, because they fall under the  DOUBLE NON-TAXATION.

Nationals of third countries who pursue an investment activity, in person or through a company, which leads to the achievement of at least one of the following situations in the country for a minimum period of five years:
- Real estate purchases equal to or greater than 500,000 euros;
- Capital Transfer in the amount not less than EUR 1 million;
- Creation of at least 10 jobs.

It covers capital holders of a company established in Portugal or in another EU State and a permanent establishment in Portugal, with controllable contributory situation.

Requirements for Investment Activity

Exercise investment activity for a minimum period of five years from the date of residence permit and attested by declaration under Rules of Engagement.

1. Real estate purchases equal to or greater than 500,000 euros.
Demonstrated by:
• purchasing Title or promise to buy the property stating statement of a financial institution authorized to exercise their activity in the country, attesting to the effective transfer of capital for the acquisition or realization of the promise to buy the sign worth less than 500 thousand euro;
• Updated the conservatory Certificate from the Land Registry, which must always be in the case of pre-contract and whenever legally possible, the respective registration.
• The acquisition may be in ownership, provided that each joint owner invest an amount equal to or greater than 500,000 euros. It can also charge them from a value greater than 500,000 euros and give them to lease and exploitation for commercial, agricultural or tourist;

2. Transfer of capital in the amount not less than 1 million euros
Demonstrated by:
• Declaration of a financial institution authorized to exercise their activity in the country, attesting to the transfer of capital in the amount not less than 1 million, to the account that is the only or the first holder of capital, or for the acquisition of shares or company shares. If the applicant is a corporation is attributable only the proportion of investment corresponding to its share of the capital stock;
• updated commercial registration certificate attesting to the arrest of social participation in society.

3. Creation of at least 10 jobs. (Registration of workers in the social security)

4. Transfer of capital in the amount not less than 250,000 euros (support for artistic production and recovery or maintenance of cultural and social heritage)

5. Transfer of capital in the amount not less than 350,000 euros (scientific and technological research)

6. Acquisition of property and real estate in the amount of not less than 350,000 euros (in the area of urban renewal of built real estate for over 30 years, with rehabilitation works of the acquired real estate)

7. Transfer of capital in the amount not less than 500 thousand euros for the purchase of units in mutual funds or venture capital geared to the capitalization of small and medium enterprises, for this purpose, present the respective plan capitalization and the same is proven feasible

How to apply


Phase I - Through the online site of the Foreigners and Borders Service (SEF), filling their online form, attaching the following documents, which may not need to be made by the applicant itself:
-Passport or other valid travel document valid for at least three months;
-Visa valid Schengen, or short-stay visa - For the purposes of residence permits granted, third-country nationals (non-EU) should regularize their entry into Portugal, within 90 days from the date of first entry in the country. The short-stay visa "Schengen", may be issued by the Portuguese Consulate in the country of origin;
-Proof of legal entry and stay in the national territory;
-Proof of health insurance;
-Request for consultation of the Portuguese criminal record for the "SEF";
-Lack of conviction for a crime which in Portugal is punishable by imprisonment for a period exceeding one year;
-Criminal record certificate from the country of origin or the country in which you reside for more than one year, authenticated by the Portuguese authorities (authentication Portuguese consulate or Apostille);
-Declaration of Engagement provided by the foreign national, stating the commitment of the minimum quantitative requirements concerning the exercise of investment activity in Portugal;
-Proof of contributory situation regularized by negative declaration on the updated debt issued by the Tax and Customs Authority and the Social Security;
-Proof of one of the three (3) types of investment in the country, previously mentioned.

Estimated time to process analysis: 3 days
Administrative costs in Phase I: € 513.75.

Phase II - If the application is accepted online, the applicant must be interviewed, in person, the SEF, which will be collected their biometric data and requested to the Mint, the preparation of your residence permit card.

Estimated residence card request: 15 days
Administrative costs in Phase II: € 5,137.50

Other requisites

Tax Identification Number (TIN) and Tax Manager
-The NIF can be obtained from the Tax and Customs Authority, and waived the presence of the applicant upon presentation of Power of Attorney.
-The tax representative to be resident in the national territory and possessed of Portuguese NIF may also be named and accept this representation by proxy, before the Tax and Customs Authority is not necessary, once again, the presence of the applicant .
Documents required for opening a bank account in Portugal (required when transferring funds and recommended in the other):
-Tax Identification Number Portuguese;
-Passport;
-Proof of Profession.

Permanence times

For renewal of the residence permit may have to show they have met the following minimum stay periods:
-7 days, consecutive or not, in the 1st year;
-14 days, consecutive or in subsequent periods of two years.
Cost of renewal: € 2,568.75

Family reunification

The Residence Permit holders Investment activity may request the entry and residence of family members whenever they are outside the country.

Tax Implications

In the case of acquisition of real estate value of less than 500,000 euros:
The acquisition of real estate in Portugal, the investor will have to bear the following costs related to their acquisition:
-Municipal Tax on Real Estate Transfer ("IMT") tax on the onerous transfer of property, paid just prior to completion of the final contract of sale.
The tax payable is calculated on the value contained in the act or the contract, or higher, on the taxable value of the property, contained in the respective building book:
-Urban properties or fractions intended solely for housing: 6%
-(applicable gradually);
-Other urban properties and other costly acquisitions: 6.5%;
-Rustic Buildings: 5%.
 
In the case of acquisition of real estate value of less than 500,000 euros:
-Stamp Duty ("IS"):

In the deed signing ceremony or final contract of sale, the tax is paid at the rate of 0.8%;
About the buildings with housing allocation with taxable value less than € 1,000,000,00 focuses also stamp duty at the rate of 1% (paid annually).

-Council Tax ("IMI"):
Tax owed by the property owner on 31 December of the year to which the tax; IMI focuses on the taxable value of the property at a rate ranging from 0.3% to 0.5% (fixed annually by the respective municipality) and 0.8% for rural properties;
-Notary Fees and Registration:

The notary and registration fees are borne by the buyer on the deed or act of signing the final contract of sale. The total amount of charges is approximately € 1,000.


NON-HABITUAL RESIDENTS - STATUTE AND TAX REGIME


The Legal Regime foe Non-Habitual Residents was created in 2009 by the Law-by-Decree Nr. 249/2009 on 14th of September, however, because of its complexity there was a need for clarification and an update, which occurred with the Circular Nr. 9/2012 dated on the 3rd of August 2012 which approved the tax regime for Non-Habitual Residents.

SCOPE OF APPLICATION
All European Citizens who are Non Residents in Portugal.

OBJECTIVES
The Portuguese Governments has as main objectives;

-The attraction of Non Resident Citizens to Portugal, and

-The attraction of Investment.

However, in order to benefit from this regime it isn’t necessary to purchase any property or real estate asset, being sufficient that the conditions foreseen in the regime are satisfied. 

HOW TO OBTAIN THE STATUTE OF NON-HABITUAL RESIDENT?
By request addressed at the Department of Registration of Taxpayers in Lisbon, as long as the following Requirements are satisfied:

-To be considered a Resident, for tax purposes, in Portuguese territory since 01/01/2009,

(One is considered a Fiscal Resident when staying in Portuguese territory for more than 183 days per year OR who, on the 31st of December of that year owns a property in those conditions that allow suggesting the intention to maintain and occupy it as regular residence).

-Not to have been taxed as a Fiscal Resident in Portugal in any of the 5 previous years.

CONSEQUENCES AND TERM TO ASSURE THE STATUTE - NON-HABITUAL RESIDENT
The taxable person to whom is granted the Statute of Non-Habitual Residence obtains the right to be taxed as such for the period of 10 consecutive years, counting from the year of registration as Resident in Portuguese Territory, provided that in each of those 10 years he will be considered a resident there.

 

TAXATION ON THE INCOME OBTAINED BY THE NON-HABITUAL RESIDENTS


A - INCOME FROM A PORTUGUESE SOURCE

1 – Categories A and B earned with High Value Added Activities
The net income of categories A (dependent work) and B (independent work) earned with high value added activities are taxed at a special rate of 20%.

2 – Categories A and B (Not Considered as high value added)
With regard to the remaining income of categories A and B (not considered as high value added) and the income of all other categories from Portuguese sources, these are encompassed and taxed according to the general rules set out in the Income Tax Code.

 

B - INCOME FROM A FOREIGN SOURCE

The Regime for the Non-Habitual Residents foresees the elimination of international judicial double taxation by EXEMPTION method.
However, this elimination of double taxation results in, in most cases, as will be seen, a Double Non-Taxation.

 

1 - Category A - Income from dependent labor 
To the non-habitual resident in Portuguese territory obtaining, from abroad, INCOME FROM DEPENDENT LABOR, the EXEMPTION Method is applied, for which it is sufficient that any of the following conditions are verified:

-That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State;

or

-That they are taxed in another country, territory or region, where there is no Convention to eliminate double taxation agreed by Portugal, provided that the income is not considered to be obtained in Portuguese territory.

The Regime for Non-Habitual Residents does not foresee the elimination of international judicial double taxation by Exemption method.
However, this elimination of double taxation results in, in most cases, as will be seen, a Double Non-Taxation.

 

2 - Category B, Category E, Category F and Category G (Income derived from Capital Gain)

-Income from Independent labor (high value added activities) 

or

-Royalties and Copyright 

or

-Revenue from capital assets, property and capital gain

The EXEMPTION method is applied, for which it is sufficient that one of the following conditions is verified:

-That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State

or

-In the event there is no convention to eliminate the double taxation that they are taxed in another country, territory or region, according the OECD convention model and provided that they are not on the list approved by the Ministry of State and Finance regarding the regimes of privileged taxation, clearly more advantageous and, also, provided that the income is not considered to be obtained in Portuguese territory.

 CONCLUSION:

In order for the Exemption of Taxation to be applied, the taxation in the country of origin of the income is not required, but they can be. 

And also, the regime of double non-taxation occurs whenever:

-the convention agreed by Portugal and the State where the income comes from (or the OECD convention model,  interpreted according the observations and reservation expressed by Portugal) foresees that possibility

and that this possibility is not exploited by the State that is the source of the income. 

 

3 – Income from Category H (pensions)
The non-habitual residents in Portuguese territory who obtain from abroad income from category H, in as far as they originate from contributions without deductions for purposes of subsection 2 from section 25º of the CIRS  (IRS Code), the exemption method is applied, for which it is sufficient that one of the following conditions is verified:

That they are taxed in the contracting State in accordance with the Convention to eliminate double taxation agreed by Portugal with that State

or

are not considered to be obtained in Portuguese territory.
CONCLUSION:
The Income from Category H (Pensions), are, in general, EXEMPT, because they fall under the  DOUBLE NON-TAXATION.

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