Offshore Pro Do Expats Pay Taxes in Portugal?
A chance of making a mistake because of misunderstanding or ignorance of certain nuances in taxation can cost you a fortune. Following the outbreak of COVID-19 in Portugal, the Portuguese…
Portugal is arguably the country with the highest quality of life in the European Union, yet one of the lowest costs of living. It has an impeccable reputation in business and therefore makes an ideal base for entrepreneurs who require a company and/or bank account in a country that is a member of the European Union, the Euro zone and the Schengen area.
Advantages of using Portugal as your business base include:
Portuguese companies have unrestricted access to the European single market, including financial services such as banking. A Portuguese company can open a bank account in Germany or London just as easily as in Portugal.
The special tax regime for non habitual residents offers an almost total tax exemption on foreign source income, subject to certain conditions, and a flat income tax rate of 20% for certain Portuguese employment and self-employment source income.
Offshore Pro Group has its own office in Portugal and offers:
For further information on Offshore Pro Group services in Portugal, please contact us today!
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