GUIDES

NHR is finally over and is replaced by a new regime. How does it work?

Portugal has taken a significant step in fostering innovation and attracting global talent with the publication of Decree No. 352/2024. This regulation introduces the Tax Incentive for Scientific Research and Innovation (IFICI – or, as we call, TISRI), a framework designed to strengthen Portugal’s economic competitiveness by offering attractive tax benefits to highly skilled professionals and innovative companies.

In a new ruling issued at the end of 2024, the tax authorities have clarified the treatment of income from US LLCs in Portugal.

Despite changes to the tax regime in 2025, Portugal remains a top choice for expats, blending economic opportunities with a relaxed lifestyle. It’s an inviting destination for those seeking to relocate or establish a foothold in Europe.

The article explores the growing trend of Americans moving to Portugal, focusing on two groups: those ready to relocate now and those preparing for a potential future move. It highlights visa options like the D7 for passive income earners and the D8 for digital nomads, while addressing upcoming tax changes with the introduction of TISRI in 2025. It provides practical advice for navigating visas, taxes, and long-term planning.

As Portugal phases out its Non-Habitual Residency (NHR) program, Americans living in or moving to the country must adapt their financial plans. With the program ending for new arrivals after 2025 and benefits expiring after ten years, Fresh Portugal and Green Ocean provide innovative strategies to navigate the post-NHR era and maintain financial security.

Thinking of relocating to Portugal? Portuguese citizenship offers a range of benefits, including the freedom to live and work across the EU, along with an exceptional quality of life. With a rich cultural heritage and a welcoming environment, Portugal is the perfect place to start a new chapter in Europe.