“Kathleen, recently I received the information that in 2013 Portugal created the status of ‘non-permanent resident’ that allows retired foreigners to live in Portugal and be granted tax exemptions for 10 years. I would appreciate your confirmation of that information. Thanks very much!”
–Juan T., Brazil
You’re referring to the “Non-Habitual Residency” program. Great idea but horrible name.
You are eligible for Non-Habitual residency status and the associated tax benefits if you haven’t been resident in Portugal for at least the previous five years. And, yes, the tax exemptions and exclusions on certain income are granted for the first 10 years of residency in the country.
Continue Reading: The Good And Bad About Retiring Overseas