The resident-non-habitual NHR status is a tax system that grants a 20% tax rate or a total exemption on the taxation of income of expatriates who choose to live in Portugal. In this video, Andrew shares seven misconceptions about Portugal's NHR tax program that you should know before deciding to move to Portugal.
1:51 Register for NHR is Automatic
2:30 You don't need to file a tax return
3:17 You can pay a zero tax
4:48 Portugal's NHR is easy for Americans
6:47 Portugal's NHR is resident permit
7:43 This is Portuguese citizenship
8:29 You can be a Portuguese citizen
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
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Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.