Non-Housing Resident and Emigration
Newspaper Correio da Manhã Canada publishes article "Regime of Non-Housing Resident and Emigration" in the edition of 13/10/2020 by Vanessa Mendes, CEO of Be Wise Consultant.
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13 of October 2020.
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Our reader RP, from Quebec, raised some questions, among which we highlight the following comment / question:
“(…) it seems that Portugal is always like that, foreigners are good, not emigrants! Everything they have is good, ours is not …”
Dear Sir,
We would like to start by thanking you for the length of the email you sent us. Of the multiple questions raised, it is not possible to answer all of them in this space. In this context, it will always be important to turn to a tax consultant so that your doubts are properly clarified.
As a follow-up to your question, the tax regime for Non-Housing Resident (RNH) can be used either by foreigners or by Portuguese. The requirement concerns residence and not nationality. Thus, as long as the person concerned has not been resident in Portugal in the last 5 years, he / she may benefit from the regime for a period of 10 years, consecutive or interspersed.
For this to be possible, it will be necessary to register your residence in Portugal, this requirement being mandatory, since we are in the presence of a regime exclusively assigned to residents.
This regime has several advantages from a tax point of view, namely, for people who carry out activities with high added value (20% rate) and even for pensioners.
As Benjamin Franklin said, “Nothing is more certain in this world than death and taxes”. If so, and if there are legal vehicles at our disposal to “lighten” our tax burden, why not take advantage of them?