What is the philosophy behind this new NHR 2.0, now called IFICI (Fiscal Incentive for Scientific Research and Innovation)? Its aim is to make Portugal's fiscal position more competitive worldwide and to attract foreign investment, capital and qualified professionals. This tax package applies to individual workers and companies. It's clear that European pensioners are no longer the target. Portugal wants to attract talent to boost its economy and develop an entrepreneurial spirit. Revision of the list of so-called "high value-added" professions, a flat tax of 20% on IHT, maintenance of the exemption for passive income of foreign origin, a tax credit for individuals who invest in Portuguese companies involved in capitalization operations.
In other words, the new IFICI 2024 is clearly geared towards companies! The new IFICI 2024 is clearly geared towards companies. Above all, it requires candidates to have proven experience. Companies must have certain characteristics. The IFICI is aimed at the self-employed, the self-employed and senior management. Finally, the deadlines for submitting your application to the various decision-making bodies will be shorter, as there will be no one-stop shop!
What is the philosophy behind this new RNH 2.0, now called IFICI (Incentivo Fiscal à a Investigação Científica e Inovação)? It aims to strengthen Portugal’s tax competitiveness on the global stage and attract foreign investment, capital, and skilled professionals. This tax package applies to working individuals and businesses. Portugal seeks to attract talent to boost its economy and foster an entrepreneurial spirit. The program includes a revision of the list of so-called “high value-added” professions, a 20% flat tax on personal income tax (IRS), the continuation of the exemption for passive income from foreign sources, and a tax credit for individuals who invest in Portuguese companies engaged in capitalization operations.
The 2024 edition of the IFICI is therefore “business”-oriented! It reshapes the eligibility criteria for professions and incorporates requirements for research or innovation. As for companies, they must meet certain criteria. The IFICI is intended for self-employed individuals, freelancers, independent professionals, and salaried senior executives. Finally, the timeline for submitting your application to the various decision-makers will be tighter, and there will be no one-stop shop!
Let’s discuss your plans to relocate to Portugal!
The continuation of the RNH program in Portugal is good news, but now we’ll need to work hard and be innovative to make it happen! At Residir Em Portugal, we highlight two key points: if you pay too much tax on your professional income in France, you’ll pay less in Portugal—and you’ll also enjoy a better quality of life (that’s our opinion!). But you’ll need to prepare and ensure your application is accepted. Portugal aims to attract high-value-added talent, for the benefit of the Portuguese economy and without wasting public funds!
The continuation of the RNH program in Portugal is good news, but now we’ll need to work hard and be innovative to make it happen! At Residir Em Portugal, we highlight two key points: if you pay too much tax on your professional income in France, you’ll pay less in Portugal—and you’ll also enjoy a better quality of life (that’s our opinion!). But you’ll need to prepare and ensure your application is accepted. Portugal aims to attract high-value-added talent, for the benefit of the Portuguese economy and without wasting public funds!
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0)
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0).
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0)
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0).
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0)
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0).
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0)
IFICI Portugal – Working and innovating with the new tax regime (RNH 2.0).
Why IFICI is replacing the former RNH
Why IFICI is replacing the former RNH
The IFICI (RNH 2.0) regime has replaced the former Non-Habitual Resident regime to provide a more structured framework geared towards the needs of the Portuguese economy. The main differences are:
- Stricter criteria: the innovative and scientific nature of the activity is now assessed.
- Three-month deadline after arrival: it is crucial to prepare your application before or upon arrival in Portugal.
- Proof of income and activity: it is no longer sufficient to declare your profession; you must demonstrate that your activity is innovative and eligible.
The IFICI (RNH 2.0) regime has replaced the former Non-Habitual Resident regime to provide a more structured framework geared towards the needs of the Portuguese economy. The main differences are:
- Stricter criteria: the innovative and scientific nature of the activity is now assessed.
- Three-month deadline after arrival: it is crucial to prepare your application before or upon arrival in Portugal.
- Proof of income and activity: it is no longer sufficient to declare your profession; you must demonstrate that your activity is innovative and eligible.
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Who can benefit from IFICI?
Who can benefit from IFICI?
The IFICI program is aimed at professionals who wish to set up in Portugal. All sectors are eligible, as innovation is possible everywhere. However, we have extensive experience in the following areas:
- Healthcare: general practitioners, specialists, surgeons, dentists
- IT: code, low-code, no-code
- Hospitality: management and operation of tourist establishments
- Wine production: production, marketing, and management of wine estates
Consulting: eligibility depends on the innovative nature of the activity and compliance with reporting deadlines... And more! Expert support is strongly recommended.
How can I benefit from the IFICI plan?
How can I benefit from the IFICI plan?
Prepare the application before moving.
- Describe the business and its innovative aspects in detail.
- Prepare evidence of internationalization and related income.
Move to Portugal and comply with the three-month deadline.
- Register your residence and business with the relevant authorities.
Seek expert advice.
- Attempting to do this on your own is risky.
- An expert can ensure your eligibility and optimize your income.
"We accompany all French professionals to ensure their eligibility for the IFICI tax regime and optimize the tax legal framework between France and Portugal. Special attention is paid to the health, IT, hotel and wine sectors."
We have created IFICI IMPULSO...
We have created
IFICI IMPULSO...
We have created IFICI IMPULSO...
Work in Portugal and get the IFICI (RNH 2.0) to boost your company's finances!
Work in Portugal and get the IFICI (RNH 2.0) to boost your company's finances!
Work in Portugal and obtain IFICI (RNH 2.0) to boost your company's finances!
FAQ – 10 essential questions about IFICI, the new tax regime in Portugal
FAQ – 10 essential questions about IFICI, the new tax regime in Portugal
FAQ – 10 essential questions about IFICI, the new tax regime in Portugal
FAQ – 10 essential questions about IFICI, the new tax regime in Portugal
FAQ – 10 essential questions about IFICI, the new tax regime in Portugal
FAQ – 10 essential questions about IFICI, the new tax regime in Portugal
1- What are the differences between the old NHR and the new IFICI system?
1- What are the differences between the old NHR and the new IFICI system?
RNH 2.0 now requires scientific or innovation criteria and proof. The three-month deadline after installation is also crucial for validating eligibility.
2- Who can benefit from IFICI?
2- Who can benefit from IFICI?
High value-added professions. For example, healthcare professions, IT specialists, hospitality, and wine production are targeted. Technically, thanks to AI and revolutions in distribution methods, most activities are innovative in nature and can be studied on a case-by-case basis.
3- Is the “innovative” nature of my business mandatory?
3- Is the “innovative” nature of my business mandatory?
Yes, it is central. You must demonstrate this, for example to the AICEP, to ensure your eligibility.
4- Why are the first three months after moving in so crucial?
4- Why are the first three months after moving in so crucial?
It is simply the legal deadline for your IFICI application. Failure to meet this deadline will result in the application being rejected.
5- Can I prepare my application on my own?
5- Can I prepare my application on my own?
It's possible, of course, but risky, so we strongly advise against it. Expert guidance minimizes mistakes and maximizes your chances!
6- What proof do I need to convince the AICEP?
6- What proof do I need to convince the AICEP?
6- What proof do I need to convince the AICEP?
6- What proof do I need to convince the AICEP?
6- What proof do I need to convince the AICEP?
6- What proof do I need to convince the AICEP?
Examples: business plans, international contracts, documentation of innovative services, patents, collaboration contracts...
7- What if I don't meet all the criteria from the start?
7- What if I don't meet all the criteria from the start?
The authorities are likely to refuse your request. Timely and structured preparation is really essential.
8- Does Portugal really check the files?
8- Does Portugal really check the files?
Yes, strict controls are applied to all the professions concerned.
9- How long does it take to prepare a solid file?
9- How long does it take to prepare a solid file?
That's the big question! It all depends on your starting point and, in particular, whether you're simply gathering evidence or refocusing on your core business. Depending on the complexity, it will take between 1 and 5 or 6 quarters, which implies a certain amount of anticipation.
That’s the big question! It all depends on your starting point and, above all, on how the evidence is presented: is this simply a matter of gathering data, or does it involve a reorientation of your core business? Get in touch with us or any other professional to prepare yourself properly.
That's the big question! It all depends on your starting point and, in particular, whether you're simply gathering evidence or refocusing on your core business. Depending on the complexity, it will take between 1 and 5 or 6 quarters, which implies a certain amount of anticipation.
10- When is the best time to start?
10- When is the best time to start?
As soon as possible, preferably before the move, in order to meet the deadlines and provide the necessary proof.
Madeira's special status has been extended and negotiated with Europe until 2030.
Madeira's special status has been extended and negotiated with Europe until 2030.
In short:
With us, put all the odds on your side!
- IFICI eligibility audit
- Tax & statutory support
- Constitution of a complete file
- Network of certified experts
Contact us to make your professional project in Portugal a business and fiscal success.
REP - Experts in setting up business in Portugal.
In short:
With us, put all the odds on your side!
- IFICI eligibility audit
- Tax & statutory support
- Constitution of a complete file
- Network of certified experts
Contact us to make your professional project in Portugal a business and fiscal success.
Residir Em Portugal - Experts in setting up business in Portugal.
In short:
With us, put all the odds on your side!
- IFICI eligibility audit
- Tax & statutory support
- Constitution of a complete file
- Network of certified experts
Contact us to make your professional project in Portugal a business and fiscal success.
Residir Em Portugal - Experts in setting up business in Portugal.
In short:
With us, put all the odds on your side!
- IFICI eligibility audit
- Tax & statutory support
- Constitution of a complete file
- Network of certified experts
Contact us to make your professional project in Portugal a business and fiscal success.
Residir Em Portugal - Experts in setting up business in Portugal.
Locating your business in Madeira is always an opportunity worth considering! Under certain conditions, the licences grant a corporate tax rate of 5%. We will put our expertise and our network at your disposal to help you. The Madeira Free Zone is an opportunity that is 100% compliant with the legal and fiscal obligations of the European Community.
IFICI tax benefits
IFICI tax benefits
- Flat tax of 20% on professional income.
- Exemption of certain foreign income.
- Safe and legal optimization of income.
IFICI made easy with RESIDIR EM PORTUGAL
RNH 2.0 is here. It's called IFICI, and it's 100% business-oriented. Contact us to get it!
