Revenue has curtailed this scheme in the past few years to the point that it is no longer feasible.I was in Portugal recently and while talking to friends they said that Portugal has a special agreement with EU ( an agreement designed to help Portugal's economy, it is a very poor country) where if you live in the counrtry for 183 days and apply for residency then you can live tax free for 10 years,.i.e no tax on your pension or investments for 10years. The programme is designed for retirees but working people are also are taxed at a lower rate There are some exclusions for example, civil servants cannot take advantage of this. Applying for residency in Portugal doe not affect your residency in Ireland in any way. I think its very interesting but the only downside for me is Portugal's weather, it's hot, has blue skies and very little rain.
Do you have any reference for this?Revenue has curtailed this scheme in the past few years to the point that it is no longer feasible.
That is absolutely not true!! However Will put a deadline on applications for the tax free programme in 2020, however if you apply before the deadline you can take advantage of the 10 years tax free status. Consult a Portugues tax accountant or solicitor and they will confirm.Revenue has curtailed this scheme in the past few years to the point that it is no longer feasible.
One of the reasons why Lisbon is popular with young foreign workers is that they can work for whatever global company they are employed with live in Lisbon and pay 15% tax for 10 years. Under the tax free programme you can live anywhere in Portugal.i presume "in the country" means in the countryside hardly in the cities like lisbon which is already a highly desirable place to live and becoming a big draw for the high tech industry , and booming property prices. Its the countryside in portugal that is depressed, the cities are doing very well.
There was a scheme for non EU nationals to invest 500k or something in portugal a decade ago and get portuguese passport, alot of russians availed of this.
Portugal is well publicised, the article makes reference to France & Spain as well as having similar benefits, does anyone know the particulars for either / both of these countries?
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