Portugal - Programs for High Net Worth Individuals
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DIXCART MANAGEMENT MADEIRA PORTUGAL GOLDEN VISA AND NON HABITUAL RESIDENTS
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Transcript of Portugal - Programs for High Net Worth Individuals
DIXCARTMANAGEMENTMADEIRA
PORTUGAL GOLDEN VISA AND
NON HABITUAL RESIDENTS
DIXCARTPORTUGAL OVERVIEW
PROGRAMS FOR HIGH
NETWORTH INDIVIDUALS
NHRNON
HABITUAL RESIDENTS
GVGOLDEN
VISA
DIXCARTWHY PORTUGAL
LOCATION QUALITY OF LIFE ENVIRONMENT COSMOPOLITAN CITIES
INTERNATIONAL HUB
SPORTS COST OF LIVING HEALTH SYSTEM
“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
NHR NON HABITUALRESIDENTS
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
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
DIXCARTNHR ADVANTAGES
REDUCED TAX RATE OF 20% FOR CERTAIN CATEGORIES OF DOMESTIC INCOME
TAX EXEMPTION FOR FOREIGN SOURCED INCOME IF CERTAIN CONDITIONS ARE MET
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)
DIXCARTNHR INCOME SOURCED ABROAD
EMPLOYMENT EXEMPT IF SELF EMPLOYMENT EXEMPT IF
It is effectively taxed in the source state,in accordance with the DTT betweenPortugal and such state
In the absence of such agreement, if it istaxed in the source state and may not bedeemed earned in Portugal inaccordance with the rules set out in thePersonal Income Tax (PIT) Code
OR
Potentially taxed in the source state, inaccordance with the DTT betweenPortugal and such state
In the absence of such agreement, ifpotentially taxed in the source state inaccordance with the OECD model taxconvention on income and on capital, andis not deemed to be earned in Portugal,and source state is not a tax haven
OR
DIXCARTNHR INCOME SOURCED ABROAD
PENSIONS EXEMPT IF PASSIVE INCOME EXEMPT IF
Taxed in the source state inaccordance with a DTT betweenPortugal and such state.
Potentially taxed in the source state, inaccordance with the DTT betweenPortugal and such state
In the absence of such agreement, ifpotentially taxed in the source state inaccordance with the OECD model taxconvention on income and on capital, andis not deemed to be earned in Portugal,and source state is not a tax haven
OROR
Pursuant to the rules in the PIT code, itis not deemed to be earned inPortugal.
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
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
GV GOLDENVISA
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.
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
DIXCARTGV INVESTING REQUIREMENTS
€ 250.000Investment in artistic
production or supporting the arts, for renovation or
maintenance of the national cultural heritage, through
the local and central authorities
€ 350.000Investment in research activities conducted by
public or private scientific research institutions that are part of the national
scientific or technological system
€ 500.000Purchasing 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
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
DIXCARTGV INVESTING REQUIREMENTS
LESS FAVOURED REGIONSINDIVIDUALS INVESTING IN A REGION WITH A LOW POPULATIONDENSITY (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
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
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
SERVICES DIXCARTGROUP
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
Visas for the whole family (procedures with SEF,Parish councils and Municipality)
Registration with the Tax Administration Servicesand Social Security
Equivalent of Driving License
Legalization of the imported cars
DIXCARTNHR AND GV SERVICES
REGULARIZING THE STAY IN PORTUGAL
THE DIXCART GROUP DIXCART
40 YEARS OF EXPERIENCE
BUSINESS SERVICES
DOMICILES
MARINE
WORLD-WIDE PRESENCE
DIXCARTDIXCART SERVICES
ACCOUNTING
LEGAL
FISCAL REPRESENTATION
REGISTERED OFFICECONCIERGE
BUSINESS CENTRE
COMPLIANCE AND DUE DILIGENCE
ITDATA CENTRE
HUMAN RESOURCES DOC. LONG TERM STORAGE
DISCLAIMER, COPYRIGHT AND AUTHORISED USE DIXCART
iWHILST EVERY EFFORT HAS BEEN MADE TO PROVIDE ACCURATE AND TIMELY INFORMATION, THECONTENT 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 THECONSEQUENCES OF ANY ACTIONS TAKEN ON THE BASIS OF THE INFORMATION CONTAINED IN THISPRESENTATION.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 ANDHEREBY 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 RETAINANY 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 [email protected]
