The End of NHR Portugal

The video discusses the end of Portugal's Non-Habitual Resident (NHR) program, a tax regime established in 2009 to attract foreigners.
It offers a 20% tax rate and full exemption on certain foreign incomes for expatriates living in Portugal for up to 10 years.
The program aims to provide more favorable personal income tax conditions, particularly benefiting pensioners, passive income earners, and specialized professionals.
We talk about the importance of the 2024 state budget proposal and its impact on the Non-Habitual Resident (NHR) regime in Portugal emphasizing the urgency for expats to initiate the process for a resident visa or permit before December 31st, 2023, to benefit from Portugal's low tax jurisdiction and secure European citizenship within five years.
The message highlights the unique opportunity this change presents, blending the charm of Portuguese culture and lifestyle with financial benefits, urging viewers to act swiftly to make the most of this critical turning point.
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[@luisfilipe534]

Real estate speculation by foreigners is making impossible for locals to buy or rent a house

[@stephanbateman5410]

Can UK citizens apply?