WELCOME IN INNOVATE PORTUGAL

Unlock Your Future: Portugal's New Tax Incentive!

Discover the IFICI, a transformative 10-year tax incentive designed to attract top talent in science, technology, and innovation, fostering Portugal's vision as a global R&D hub.

Support in identifying eligible employment or self-employment opportunities in sectors.

Employment Consulting

Strategies for optimizing tax obligations related to foreign income, ensuring compliance.

Foreign Income

Assistance in understanding tax residency requirements and home ownership in Portugal.

Tax Residency

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FAQ

What activities qualify?

Individuals must engage in specific eligible activities related to science, technology, and innovation to qualify for the IFICI benefits. These activities are designed to promote research and development and attract highly skilled professionals to contribute to Portugal's innovation landscape.

How does IFICI differ?

The IFICI replaces the NHR regime, which phased out for new applicants after December 31, 2023, and offers a flat tax rate and different eligibility criteria focused on attracting professionals in innovation and R&D.

Are there exemptions?

Yes, the IFICI provides an exemption on foreign income such as dividends, capital gains, and rentals, although pensions are not exempt. This allows qualifying individuals to benefit from reduced taxation on their foreign earnings while enjoying favorable tax treatment on Portuguese-sourced income.

What is duration?

Eligible individuals can benefit from the IFICI for a consecutive period of 10 years. This incentive is designed to attract highly skilled professionals in fields related to science, technology, and innovation, promoting long-term contributions to Portugal's economic development and growth.

Who qualifies IFICI?

To qualify for the IFICI, individuals must become tax residents in Portugal, not have been tax residents in the prior five years, and engage in eligible activities related to science, technology, or innovation.

What is IFICI?

The IFICI is a 10-year tax incentive introduced in 2024 to attract highly skilled professionals in science, technology, and innovation. It features a 20% flat tax rate on Portuguese-sourced income and provides an exemption on foreign income, except for pensions.

Get your tax freedom. Now!