Portugal
🇵🇹

Portugal

Europe's gateway for tax-efficient living

Tax Score: 8/10
⭐ Featured Destination

Income Tax

Progressive (13%–48%) — IFICI offers a 20% rate for qualifying professionals.

Corporate Tax

21% Corporate Tax (+ municipal surtaxes may apply)

Capital Gains

28% (exemptions apply)

Tax Benefits

Modern Tax Incentive Regime (IFICI)

Portugal's IFICI (NHR 2.0) offers a 20% income tax rate for qualifying professionals in innovation, research, technology and other eligible sectors for up to 10 years, subject to eligibility requirements

No Wealth Tax.

Portugal does not impose a net wealth tax, making it attractive for high-net-worth individuals looking to optimize their tax position.

Favorable Real Estate Taxation

Property acquisition taxes (IMT) are tiered, with potential exemptions or reductions for primary residences. No annual net wealth tax. Municipal property tax (IMI) still applies

EU Residency Advantage

Access to the European Union market, banking system, and freedom of movement across EU member states.

Residency & Visa Programs

Golden Visa

Residence-by-investment program through qualifying investment funds and other eligible investments

Requirements

Investment: €500,000 qualifying investment fund

Processing

12-24 months

Min. Investment

€500,000+

D7 Passive Income Visa

For retirees or those with passive income, requiring proof of sufficient monthly income.

Requirements

Proof of approximately €870+/month passive income

Processing

2–4 months

Min. Investment

None

Real Estate Market

Portugal offers a stable real estate market with significant international demand, particularly in Lisbon, Porto, and the Algarve. Property prices have risen steadily but remain competitive vs. Western Europe. The rental market is strong, especially in tourist areas.

  • Average price in Lisbon: €4,000–€8,000/m²
  • Algarve coastline: €3,000–€6,000/m²
  • Interior regions: €500–€1,500/m²

Cost of Living

Rent 1BR (Lisbon)

€1,200–€1,800/mo

Groceries (monthly)

€200–€350

Dining out

€10–€20/meal

Healthcare

Public + affordable private

Internet

~€30/mo

Portugal is one of Western Europe's most affordable countries, particularly outside major cities. Lisbon has become more expensive but remains competitive with London or Paris.

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Data last reviewed: January 2024