Portuguese Golden Visa and Non Habitual Resident programs by Dixcart

1. DIXCART
MANAGEMENT
MADEIRA
PORTUGAL GOLDEN VISA AND
NON HABITUAL RESIDENTS

2. DIXCARTPORTUGAL OVERVIEW
PROGRAMS
FOR
HIGH
NETWORTH
INDIVIDUALS
NHR
NON
HABITUAL
RESIDENTS
GV
GOLDEN
VISA

3. DIXCARTWHY PORTUGAL
LOCATION QUALITY OF LIFE ENVIRONMENT COSMOPOLITAN
CITIES
INTERNATIONAL
HUB
SPORTS COST OF LIVING HEALTH SYSTEM

4. “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

5. NHR NON HABITUAL
RESIDENTS

6. 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

7. 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

8. DIXCARTNHR ADVANTAGES
REDUCED TAX RATE OF 20% FOR CERTAIN
CATEGORIES OF DOMESTIC INCOME
TAX EXEMPTION FOR FOREIGN SOURCED
INCOME IF CERTAIN CONDITIONS ARE MET

9. 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)

10. DIXCARTNHR INCOME SOURCED ABROAD
EMPLOYMENT EXEMPT IF SELF EMPLOYMENT EXEMPT IF
It is effectively taxed in the source state,
in accordance with the DTT between
Portugal and such state
In the absence of such agreement, if it is
taxed in the source state and may not be
deemed earned in Portugal in
accordance with the rules set out in the
Personal Income Tax (PIT) Code
OR
Potentially taxed in the source state, in
accordance with the DTT between
Portugal and such state
In the absence of such agreement, if
potentially taxed in the source state in
accordance with the OECD model tax
convention on income and on capital, and
is not deemed to be earned in Portugal,
and source state is not a tax haven
OR

11. DIXCARTNHR INCOME SOURCED ABROAD
PENSIONS EXEMPT IF PASSIVE INCOME EXEMPT IF
Taxed in the source state in
accordance with a DTT between
Portugal and such state.
Potentially taxed in the source state, in
accordance with the DTT between
Portugal and such state
In the absence of such agreement, if
potentially taxed in the source state in
accordance with the OECD model tax
convention on income and on capital, and
is not deemed to be earned in Portugal,
and source state is not a tax haven
OROR
Pursuant to the rules in the PIT code, it
is not deemed to be earned in
Portugal.

12. 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

13. 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

14. GV GOLDEN
VISA

15. 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.

16. 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

17. DIXCARTGV INVESTING REQUIREMENTS
€ 250.000
Investment in artistic
production or supporting
the arts, for renovation or
maintenance of the national
cultural heritage, through
the local and central
authorities
€ 350.000
Investment in research
activities conducted by
public or private scientific
research institutions that
are part of the national
scientific or technological
system
€ 500.000
Purchasing 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

18. 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

19. DIXCARTGV INVESTING REQUIREMENTS
LESS FAVOURED REGIONS
INDIVIDUALS INVESTING IN A REGION WITH A LOW POPULATION
DENSITY (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

20. 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

21. 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

22. SERVICES DIXCART
GROUP

23. 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

24. Visas for the whole family (procedures with SEF,
Parish councils and Municipality)
Registration with the Tax Administration Services
and Social Security
Equivalent of Driving License
Legalization of the imported cars
DIXCARTNHR AND GV SERVICES
REGULARIZING THE STAY IN PORTUGAL

25. THE DIXCART GROUP DIXCART
40 YEARS OF
EXPERIENCE
BUSINESS
SERVICES
DOMICILES
MARINE
WORLD-WIDE
PRESENCE

26. DIXCARTDIXCART SERVICES
ACCOUNTING
LEGAL
FISCAL REPRESENTATION
REGISTERED OFFICECONCIERGE
BUSINESS CENTRE
COMPLIANCE AND DUE DILIGENCE
IT
DATA CENTRE
HUMAN RESOURCES DOC. LONG TERM STORAGE

27. CONTACT US DIXCART
ADVICE.MADEIRA@DIXCART.COM
+351 291 225019
DIXCART.COM

28. DISCLAIMER, COPYRIGHT AND AUTHORISED USE DIXCART
i
WHILST EVERY EFFORT HAS BEEN MADE TO PROVIDE ACCURATE AND TIMELY INFORMATION, THE
CONTENT 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 THE
CONSEQUENCES OF ANY ACTIONS TAKEN ON THE BASIS OF THE INFORMATION CONTAINED IN THIS
PRESENTATION.
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 AND
HEREBY AUTHORISES YOU TO USE THIS PRESENTATION SOLELY FOR YOUR INTERNAL BUSINESS,
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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 CARLOS.SANTOS@DIXCART.COM