Benefits, Eligibility, Deadlines, and Everything You Need to Know About the (NHR 2.0) Status

The Non-Habitual Resident (NHR) status is a special regime that offers reduced Personal Income Tax (IRS) for 10 years to new foreign residents (of any nationality) and Portuguese citizens who have been living abroad for more than five years . To benefit from this favorable tax regime, the non-habitual resident must either work in a profession considered to be of "high added value" or be a pensioner . This incentive aims to attract highly qualified professionals in key industries and retirees with pensions earned abroad. Pay attention to the latest updates explained below. What Does the Law Say? The NHR status was introduced in 2009 under the Investment Tax Code (Decree-Law No. 249/2009, of September 23) . The Portuguese Tax Authority has created a guide for the Non-Habitual Resident Tax Regime , which you can consult [ chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://info.portaldasfinancas.gov.pt/pt/apoio_contribuinte/Folhetos_informativos/Documents/IRS_RNH_PT...