If youre a self-employed person and are working for a Portuguese company, you can start the process of applying for a Portugal Self-Employed Visa now. Having a local bank account is also necessary when making your residence application. The Golden Visa is Portugals investment visa. Portugals governing tax body is the Autoridade Tributria e Aduaneira, or Portuguese Tributary & Customs Authority. One major factor that you should consider when choosing a place to move to as a remote worker is internet connectivity and mobile. You dont have to apply in advance for a visa or anything special. Youll also need to file and pay local income taxes if you stay long. It doesn't matter if you travel frequently, as long as you spend the minimum amount of days. It lasts for two years and can be renewed for an additional three years, at which point holders can apply for permanent residency. The pins are 19 mm long and 19 mm apart. This climate also makes Portugal an ideal wine region, which means there is plenty of good quality affordable wine everywhere you go. You (and your dependents) must have a clean criminal record. Your application form will also ask you to specify how you would like your passport to be returned to you following the application process. The principal eligibility requirements for the Temporary-Stay Visa are as follows: To pay taxes in Portugal, you must obtain a NIF (Numero de Identification Fiscal). If youre choosing to work remotely in Portugal, you will find many different available options for your accommodation. Technically, any rental income a US expat receives is subject to taxation by both the US and Portugal. Post-covid many companies are allowing their employees to do this, although it does vary from company to company. It is actively running tourist campaigns to attract remote workers and digital nomads and, as of September 2022, it has introduced a new visa for digital nomads and remote workers. FR | DE | ES. Additionally, there are ongoing discussions about lowering the tax rate to 5%! It also has several areas that are nomad hubs, particularly Lisbon but also places like Lagos in the Algarve, Madeira, Porto, Ericeira, and Costa da Caparica. But if you are making a bucket list for your time in the country, make sure these are on your list. In addition, while you may be able to make your initial visa application at your local Embassy in Portuguese, English, or your local language, when you apply for your residency permit in Portugal, your documents will need to be translated into Portuguese and authenticated by the Portuguese embassy. Most countries have a flat tax rate for remote workers, and an income tax rate can vary from anywhere between 10% in Bulgaria to 55% in Denmark. Yes. Read more. If you choose to do so, be aware that youll need to report any income and expenses associated with it to the IRS on Schedule E and Part I of Form 1040. Your appointment should last around 20 minutes, and you will be expected to pay a fee of 320. It is worth mentioning that Portugal ranked the world's best country for digital nomads in 2022. This tax rate falls between 14.5% and 48% depending on the value (using the same bracket as the one for income tax). To work remotely from Portugal, youll need a source of income and a place to stay. Your spouse and dependent children are eligible for the same rights as an extension of your visa, and you will be eligible to open bank accounts. The country is known for being one of the most economic places to live in Europe. Whether or not you need to apply for the Temporary-Stay Visa may depend on your current citizenship. Most of the mentioned above are suitable options for non-EU citizens, but what about EU citizens? Mendona said she didn't believe digital-nomad visas were "a cause for alarm" because "digital nomads are not necessarily looking to work in large cities," as exemplified by Portugal's popular "digital-nomad village" Madeira. There are also big Tech warehouse sellers and big Apple stores in the main cities and the shopping malls. For instance, rent will cost you 46.37% less in Lisbon than it does in Washington, DC. If you believe your business will be providing services to locals or companies within Portugal, the Self-Employment Visa may be the better route. The author makes no representations as to the accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors or omissions or damages arising from its display or use. You may also need a vehicle for running errands and shopping. You may be eligible for significant tax advantages under NHR Program in Portugal. If you are keen to explore historic Portugal between conference calls and creative sessions, Braga is a nice city in the north. The process of obtaining a D7 requires the applicant to establish tax residency; after tax residency is established, the remote worker in Portugal may then apply for a Non . You may also use. This provision allows expats to exclude a certain amount of their earned income (up to $112,000 for the 2022 tax year) from taxation. The minimum investment to qualify is 500,000, and there are several ways you can make this investment. In Madeira, the VAT rate is either 5%, 12%, or 22%. Where to work remotely in Portugal? See the top 5 places This is aimed at the two types of remote workers and freelancers Portugal attracts: Both have slightly different implications. End service in Portugal with no additional penalties or fees. The form asks for detailed personal information and information about your trip and finances. He is a contributing writer for various organizations and media involved in the digital nomad industry (AllWork.Space, e-Residency Estonia). You only need to stay in Portugal for seven days during your first year on the program and for 14 days in each subsequent year. Whats more, as of 30 October 2022, Portugals new Digital Nomad Visa will launch, allowing remote workers to be granted a year-long visa to work in Portugal, so long as they meet the requirements. If you stay for more than 183 days in Portugal, you will become a tax resident. Remote work in Portugal & taxes :), Portugal forum - expat All Portugal-based employees receive . This visa is targeted at digital nomads specifically. You will also find an internet connection in almost all accommodation types and hosts usually indicate their free internet connection in their listing. Accommodation; Whether you rent an Airbnb, a hostel, apartment, or home, you should be able to hook up to a good internet connection. . There is no need to make an appointment; just show up during opening hours. Portugal features a high-speed internet infrastructure with various WI-FI hotspots around the country. Note:If you employ remote workers in Portugal, then a home office allowance is mandatory. You can provide various documents to demonstrate that you are financially self-sufficient, depending on your situation. It also allows you to buy credit that you can use at multiple co-working spaces. to find the proper co-working space near, in which you find the real-time availability in the place you are about to book. Horizons-owned entity with local country experts in Lisbon. United States citizens can apply for the Portugal Temporary-Stay Visa as long as they meet the income requirement of 2,800 per month. We can also help your organization develop and execute a . Lisbon is one of the most vibrant and cultural capitals in Europe. Being the capital, Lisbon provides everything you might need in your first days in Portugal, and keep in mind that there you will find all the main governmental offices where you will deal with your paperwork, visa issues, and any legal problems. It is focused more on areas like Lisbon and Porto, as well as some surf and beach towns between these cities. As an NHR, you can be exempt from paying tax on pensions, rental income, real estate gains, and income from non-Portuguese sources if your country has a Double Taxation Agreement (DTA) with Portugal. Apps like Croissant allow you to buy credit that you can use at multiple different co-working spaces. Stay up to date with what you want to know. But if you like to be in the middle of the action, you can work in Portugal during tourist season or live in one of the major cities like Porto, Lisbon, or Peniche. Nevertheless, at minimum, you will need to provide valid identification (passport), proof of residence (your visa), proof of your address in Portugal or your home country, and your NIF. The Physical Presence Test requires expats to prove that they were physically present in another country than the US for at least 330 of 365 days. In those three months, Portugal does not consider you a tax resident, which means an individual who pays taxes regardless of your residency status, and does not ask you to pay taxes. Moving there as an American, of course, does carry some tax implications. Quickly and compliantly hire employees in more than 185 countries worldwide, without the need to open a local entity. However, urban properties are usually taxed at a rate between .3% and .45% while rural properties tend to be taxed at .8%. Hiring freelancers in low-cost markets is a popular option for companies looking to scale their operations at a low cost; however, it comes with serious risks, including the risk of employee misclassification. Remote work in Portugal Independent contractors, however, do not have taxes withheld from their earnings and therefore must make separate tax payments. There are 95 eligible countries listed here. For one, Americans living in Portugal still have to file a US tax return and possibly pay US taxes. If you are self-employed: certificate of business registration and bank statements from the previous three months. for this category of accommodation search. Legalities. You will only be eligible for Portuguese public healthcare if you are a resident for tax purposes and contribute to Portugals social security system. Regarding the residency procedures, once you complete a 183 stay in Portugal, you will become a taxpayer and have the right of filing a tax return in Portugal. There are also big Tech warehouse sellers and big Apple stores in the main cities and the shopping malls. Everything you say in the document should align with the information in your supporting documentation. How you intend to support yourself and any dependents during your time in Portugal. Income from high value-added activities in Portugal will be taxed at 20%. With Horizons the result was fast, efficient, and fit-for-purpose. You (and your dependents) must have a clean criminal record. Digital nomad visas: How to live, work and travel in Europe Rental income is considered unearned income. Second, you can also make a capital investment of a minimum of 1.5 million to qualify for the visa. By Sarah Brown 25th April 2023. You can bring your spouse and dependent children with you as an extension of the visa. A monthly pass for public transportation is around the same as it is in major U.S. cities. Exact visa fees fluctuate depending on the country where you are applying and the local currency. The city centers around the Ribeiro riverside, where you can drink Port made just meters away. Continue with Recommended Cookies. Processing periods depend on the country you are applying from, but you can usually expect your initial visa application to take 3-4 months to be processed and approved. If you want tohire a remote employee in Portugal, you have two options: Option 3: Engage an international employer of record, Home Countries We Cover Portugal HR Services & Solutions Hiring Employees in Portugal. If you are retired: evidence of stable income from a pension or investments. The local cuisine is excellent, travel connections around the country efficient, and from Portugal, you are free to explore the rest of the European Schengen area on your visa. However, if youre going to be working with clients and companies outside of Portugal, its best to use the D7 Visa route. Tax Implications of Remote Work | Deloitte ), Criminal record certificate (certified by Apostille), Proof of valid health insurance (for the first four months of your trip). You can expect it to take 3-4 months for your visa to be processed. Remote Worker? Why Not Move to Portugal (or just visit)? Things to do in Curaao A Complete Guide! If you set up shop and work remotely from Portugal for 183 days or less, you dont have to worry about income tax implications. Thats the equivalent of $453 to $759 U.S. dollars. This is at no additional cost to you and it does not affect our editorial standards in any way. 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