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Portugal - Programs for High Net Worth Individuals

Portuguese Golden Visa and Non Habitual Resident programs by Dixcart

Portugal - Programs for High Net Worth Individuals

  1. 1. DIXCART MANAGEMENT MADEIRA PORTUGAL GOLDEN VISA AND NON HABITUAL RESIDENTS
  2. 2. DIXCARTPORTUGAL OVERVIEW PROGRAMS FOR HIGH NETWORTH INDIVIDUALS NHR NON HABITUAL RESIDENTS GV GOLDEN VISA
  3. 3. DIXCARTWHY PORTUGAL LOCATION QUALITY OF LIFE ENVIRONMENT COSMOPOLITAN CITIES INTERNATIONAL HUB SPORTS COST OF LIVING HEALTH SYSTEM
  4. 4. “Europe’s best kept secret” PwC “Portugal wants to be EU's Florida” CNBC “Le Portugal, eldorado des retraités français” Les Echos “The best place to retire in the World” Forbes DIXCARTWHY PORTUGAL
  5. 5. NHR NON HABITUAL RESIDENTS
  6. 6. DIXCARTNON HABITUAL RESIDENTS NHR INTRODUCED IN 2009 AND ENHANCED IN 2011 ATTRACT HIGHLY QUALIFIED NON-RESIDENT PROFESSIONALS AND HNWI SIMILAR TO TAX HOLIDAY APPLICABLE FOR 10 YEARS IF NOT TAX RESIDENT IN PORTUGAL IN THE PRECEDING 5 YEARS THE INDIVIDUAL BECOMES TAX RESIDENT IN PORTUGAL
  7. 7. DIXCARTNHR TAX RESIDENCE RELEVANT CRITERIA STAYING IN PORTUGAL FOR MORE THAN 183 DAYS IN ONE OR SEPARATE PERIODS IN EACH CALENDAR YEAR HOLDING A PROPERTY THAT IMPLIES HABITUAL RESIDENCE AS AT 31ST DECEMBER OF THE TAX YEAR BEING A CREW MEMBER OF A SHIP OR AIRCRAFT AT THE SERVICE OF AN ENTITY WITH RESIDENCE, HEAD OFFICE OR EFFECTIVE PLACE OF MANAGEMENT IN PORTUGAL AS AT 31 ST DECEMBER OR OR
  8. 8. DIXCARTNHR ADVANTAGES REDUCED TAX RATE OF 20% FOR CERTAIN CATEGORIES OF DOMESTIC INCOME TAX EXEMPTION FOR FOREIGN SOURCED INCOME IF CERTAIN CONDITIONS ARE MET
  9. 9. DIXCARTNHR INCOME SOURCED IN PORTUGAL 20% on employment and self-employment income, when derived from high value added activities performed in Portugal 28% special autonomous rate or withholding flat tax rate, on interest, dividends and/or capital gains Other income liable to tax according to the rules applicable to ordinary tax residents (progressive rates method)
  10. 10. DIXCARTNHR INCOME SOURCED ABROAD EMPLOYMENT EXEMPT IF SELF EMPLOYMENT EXEMPT IF It is effectively taxed in the source state, in accordance with the DTT between Portugal and such state In the absence of such agreement, if it is taxed in the source state and may not be deemed earned in Portugal in accordance with the rules set out in the Personal Income Tax (PIT) Code OR Potentially taxed in the source state, in accordance with the DTT between Portugal and such state In the absence of such agreement, if potentially taxed in the source state in accordance with the OECD model tax convention on income and on capital, and is not deemed to be earned in Portugal, and source state is not a tax haven OR
  11. 11. DIXCARTNHR INCOME SOURCED ABROAD PENSIONS EXEMPT IF PASSIVE INCOME EXEMPT IF Taxed in the source state in accordance with a DTT between Portugal and such state. Potentially taxed in the source state, in accordance with the DTT between Portugal and such state In the absence of such agreement, if potentially taxed in the source state in accordance with the OECD model tax convention on income and on capital, and is not deemed to be earned in Portugal, and source state is not a tax haven OROR Pursuant to the rules in the PIT code, it is not deemed to be earned in Portugal.
  12. 12. DIXCARTNHR HIGH VALUE ADDED ACTIVITIES Architects Engineers Theatre, ballet, cinema, radio and television artists Tax consultants Doctors University professors Computer Programmers Activities related with IT Senior managers Scientific research and development
  13. 13. DIXCARTNHR OTHER TAX ASPECTS NO WEALTH TAX GIFTS AND INHERITANCES ARE EXEMPT FROM STAMP DUTY BETWEEN ASCENDANTS, DESCENDANTS AND SPOUSES NO CAPITAL GAINS ON SALES OF PERMANENT RESIDENCE, IF SUCH GAINS ARE REINVESTED IN ANOTHER PROPERTY FOR THE SAME PURPOSE IN PORTUGAL, EU OR EUROPEAN ECONOMIC AREA CAN BE COMBINED WITH THE PORTUGUESE GOLDEN VISA
  14. 14. GV GOLDEN VISA
  15. 15. DIXCARTGV FOR WHOM? FOR NON-EUROPEAN UNION HIGH NET WORTH INDIVIDUALS WHO WISH TO HAVE A RESIDENCE PERMIT IN EUROPE AND MOVE FREELY WITHIN THE SCHENGEN AREA.
  16. 16. DIXCARTGV BENEFICIARIES ARE ENTITLED TO VISA EXEMPTION FOR TRAVELLING WITHIN THE SCHENGEN AREA RESIDENCE VISA WAIVER FOR ENTERING PORTUGAL OPPORTUNITY OF APPLYING FOR PORTUGUESE CITIZENSHIP, BY NATURALIZATION FAMILY REUNIFICATION OPPORTUNITY OF APPLYING FOR PERMANENT RESIDENCE LIVING AND WORKING IN PORTUGAL
  17. 17. DIXCARTGV INVESTING REQUIREMENTS € 250.000 Investment in artistic production or supporting the arts, for renovation or maintenance of the national cultural heritage, through the local and central authorities € 350.000 Investment in research activities conducted by public or private scientific research institutions that are part of the national scientific or technological system € 500.000 Purchasing shares in investment funds or in venture capital aimed at capitalizing small and medium sized companies that, in turn, must present a feasible capitalization plan € 1.000.000 CAPITAL TRANSFER Investment of capital in a Portuguese company or to purchase shares in the Portuguese Stock Market or to be deposited into a bank account in Portugal Carried out, personally or through a Portuguese company
  18. 18. DIXCART CREATION OF AT LEAST 10 JOBS PURCHASE OF REAL ESTATE PROPERTY, WITH CONSTRUCTION DATING BACK FOR OVER 30 YEARS OR LOCATED IN DESIGNATED URBAN RENEWAL AREAS, INCLUDING THE COSTS OF THE RENOVATION THEREOF, FOR A TOTAL VALUE EQUAL TO OR ABOVE €350.000 OTHER Carried out, personally or through a Portuguese company PURCHASE OF REAL ESTATE PROPERTY WITH A VALUE EQUAL TO OR ABOVE €500,000 GV INVESTING REQUIREMENTS
  19. 19. DIXCARTGV INVESTING REQUIREMENTS LESS FAVOURED REGIONS INDIVIDUALS INVESTING IN A REGION WITH A LOW POPULATION DENSITY (LESS THAN 100 HABITANTS PER KM2) OR WITH A GDP 75% OR LESS THAN THE NATIONAL AVERAGE, BENEFIT FROM A 20% REDUCTION IN THE SPECIFIED INVESTMENT CRITERIA. INVESTMENT OF A MINIMUM OF €500,000 TO PURCHASE SHARES IN INVESTMENT FUNDS OR VENTURE CAPITAL WHICH IS BEING USED TO SUPPORT SMALL AND/OR MEDIUM SIZED COMPANIES. EXCEPTIONS CAPITAL INVESTMENT OF AT LEAST €1,000,000
  20. 20. DIXCARTGV DURATION OF THE RESIDENCE PERMIT i THE INVESTMENT MUST BE KEPT FOR THE PERIOD OF 5 YEARS AFTER THE 6TH YEAR THE INVESTOR CAN APPLY FOR CITIZENSHIP AND IF GRANTED OBTAIN A PORTUGUESE / E.U. PASSPORT
  21. 21. 7 DAYS IN THE FIRST YEAR7 14 DAYS IN THE SUBSEQUENT PERIOD OF TWO YEARS (5 IN YEARS TOTAL) – i.e. average 7 days per year14 GV DURATION OF THE RESIDENCE PERMIT DIXCART
  22. 22. SERVICES DIXCART GROUP
  23. 23. DIXCARTNHR AND GV SERVICES PURCHASE OF REAL ESTATE Selecting the best location Negotiating with potential sellers Representation for performing notarial and registry acts Organizing the documentation dossiers Bank account opening Promissory and Sale and Purchase Contracts Remodelling MAINTENANCE Contracting of insurances Maid and/or gardener Booking the best outdoor and indoor activities Utilities Selecting reputable schools for the children Selection and Representation in a vehicle purchase
  24. 24. Visas for the whole family (procedures with SEF, Parish councils and Municipality) Registration with the Tax Administration Services and Social Security Equivalent of Driving License Legalization of the imported cars DIXCARTNHR AND GV SERVICES REGULARIZING THE STAY IN PORTUGAL
  25. 25. THE DIXCART GROUP DIXCART 40 YEARS OF EXPERIENCE BUSINESS SERVICES DOMICILES MARINE WORLD-WIDE PRESENCE
  26. 26. DIXCARTDIXCART SERVICES ACCOUNTING LEGAL FISCAL REPRESENTATION REGISTERED OFFICECONCIERGE BUSINESS CENTRE COMPLIANCE AND DUE DILIGENCE IT DATA CENTRE HUMAN RESOURCES DOC. LONG TERM STORAGE
  27. 27. CONTACT US DIXCART ADVICE.MADEIRA@DIXCART.COM +351 291 225019 DIXCART.COM
  28. 28. DISCLAIMER, COPYRIGHT AND AUTHORISED USE DIXCART i WHILST EVERY EFFORT HAS BEEN MADE TO PROVIDE ACCURATE AND TIMELY INFORMATION, THE CONTENT OF THIS PRESENTATION IS FOR GENERAL INFORMATION ONLY. NO RESPONSIBILITY CAN BE ACCEPTED FOR INACCURACIES AND DIXCART MANAGEMENT (MADEIRA), LDA EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS AND OMISSIONS OR FOR THE CONSEQUENCES OF ANY ACTIONS TAKEN ON THE BASIS OF THE INFORMATION CONTAINED IN THIS PRESENTATION. READERS ARE ALSO ADVISED THAT THE LAW AND PRACTICE MAY CHANGE FROM TIME TO TIME. DIXCART MANAGEMENT (MADEIRA), LDA IS THE COPYRIGHT OWNER OF THIS PRESENTATION AND HEREBY AUTHORISES YOU TO USE THIS PRESENTATION SOLELY FOR YOUR INTERNAL BUSINESS, PROVIDED THAT YOU DO NOT ALTER THE CONTENT IN ANY WAY AND THAT YOU DO NOT RETAIN ANY COPYRIGHT ON SUCH CONTENT. ALL RIGHTS ARE OTHERWISE RESERVED AND THE CONTENT MAY NOT BE REPRODUCED, DOWNLOADED, DISSEMINATED, PUBLISHED, OR TRANSFERRED IN ANY FORM OR BY ANY MEANS, EXCEPT WITH THE PRIOR WRITTEN CONSENT OF DIXCART MANAGEMENT (MADEIRA), LDA. FOR MORE INFORMATION PLEASE CONTACT CARLOS SANTOS AT CARLOS.SANTOS@DIXCART.COM

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