After announcing the end of the NHR regime on December 31st 2023, the Portuguese government recognised that a transition period is required and approved a βtransitory NHR tax regimeβ for non-habitual residents starting in 2024.
The transitory regime aims to protect those who were already in the process of moving but could not complete the residency process before the end of 2023.
All of those who started their emigration process to Portugal before the end of 2023 can still apply for the NHR, as long as they complete their residency process and become tax residents before December 31st 2024.
Therefore, this opens more possibilities for clients to continue the emigration process, it also means that the NHR status will be valid from 2024 until 2033.
At AFM weβve created a fast-track residency process to help our clients.
If you wish to move to Portugal, please contact us at: [email protected] or through our website: https://allfinancematters.com/
