15 Aug What are the tax implications of the Portuguese Golden Visa? Do I have to pay taxes in Portugal?

One of the biggest concerns for potential Golden Visa applicants is taxation. Does holding a Golden Visa mean you’re automatically taxed in Portugal? 

The answer is: not necessarily.

Golden Visa holders are not obliged to become tax residents in Portugal unless they spend more than 183 days in the country per year. If you fall below that threshold, you are only taxed on income earned in Portugal, such as rental income from Portuguese assets or capital gains. 

However, some choose to become tax residents to benefit from Portugal’s Non-Habitual Resident (NHR) regime, which offers significant incentives: 

• 0% tax on most foreign income, including dividends, interest, and pensions (depending on treaty rules) 

• 20% flat tax on eligible Portuguese-sourced income (for certain high-value professions) 

• Valid for 10 years 

It’s also worth noting: Portugal does not impose wealth tax, and inheritance tax is minimal, which further enhances its appeal to high-net-worth individuals. 

Tax planning is advisable before applying, especially for those with complex international income structures.

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