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Are you considering applying for Portugal’s D7 Visa? Before you do, it’s important to understand the tax implications of making such a move.

Portugal is a beautiful country with a robust economy and a variety of visa options, making it an attractive choice for expats looking to relocate. However, the D7 visa requires careful consideration of the tax requirements.

In this article, we’ll provide an overview of the D7 visa and its associated tax implications so you can make an informed decision.

The D7 Visa

The D7 visa, also known as the passive income visa, is a popular visa for individuals who wish to relocate to Portugal without the need for actively working.

This visa is perfect for individuals who have a steady income, whether it be from rental income, pensions, or investments.

The Algarve - Portugal

How to apply for the D7 Visa

At RHJ Law, our team can help guide you through the entire application process, from start to finish.

With their assistance, you’ll be able to submit a comprehensive application that meets all of the requirements for the D7 visa.

Throughout the process, RHJ Law will be there to answer any questions you may have about Portuguese visas and relocation, helping you to make the best decisions for your unique situation.

With their guidance and support, you can rest assured that your D7 visa application will be in good hands.

 

Tax implications of the D7 Visa in Portugal

Moving to Portugal can be an exciting prospect. The D7 Visa offers a great opportunity for retirees, freelancers and those who have sufficient income to sustain themselves without needing to work. However, it’s important to understand the tax implications of having the Portuguese visa in order to remain compliant with tax laws.

What’s important to consider is the possibility of double taxation. If you have income generated in both Portugal and your home country, you may be liable to pay tax in both jurisdictions. However, there are several agreements between Portugal and other countries to prevent double taxation, which could provide some relief. Our team are familiar with double-taxation agreements, and will help you understand how much tax you’ll be eligible to pay.

Additionally, those with Portuguese visas may be eligible for certain tax benefits or exemptions, such as the Non-Habitual Resident (NHR) tax regime. This regime offers favourable tax treatment to new residents who haven’t been tax residents in Portugal in the previous five years.

Overall, the tax implications of having a Portuguese visa can be complex and depend on individual circumstances. Seeking professional advice from our team is highly recommended to maximise the available tax benefits.

How RHJ Accountants can help

Relocating to a new country can be overwhelming, especially when it comes to understanding tax implications. Luckily, the team at RHJ Accountants have a wealth of knowledge and experience in helping expats. We understand the tax rates in Portugal, and how to arrange your taxes prior to relocation.

Following a free initial meeting with our team, we will provide you with a clear breakdown of our services. So you can feel confident moving forward with our support.

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💬 PSA: between April & June our Portuguese team have limited meeting availability due to the Tax Return Submission Period 🇵🇹