NHR Qualification Advise – New Members - Start Here – Expats Portugal Community Forum

Clear all

Please feel free to view our Forum, but you must either LOGIN or REGISTER to join in the conversation.

[adrotate group="5"]

NHR Qualification Advise  

Posts: 2
VIP Member
New Member
Joined: 4 years ago

Hello all. My wife and I are considering relocating to Portugal. I am Canadian and my wife is from Denmark. I am 57 and retired from my professional occupation as an engineer in the oil and gas industry and have worked/lived as an expat for the past 25 years in eight different countries. We currently reside in Malaysia where we have lived the past 6 years. I'm considering the NHR scheme in Portugal. Our income is derived from various investment sources in the US and offshore and I also draw income in the form of dividends that I receive from a BVI company I set up last year for day trading which I now do mostly full time. Although the company is BVI based, the source of income is the US as that is where my broker is located. So the income is generated and taxable in the US (but as a non-resident I am tax exempt) and is tax exempt in BVI. Malaysia is my current tax residence and capital gains and foreign sourced income are tax exempt here but I do file an annual tax return. Since Malaysia, BVI and the US are not on the blacklist for the NHR scheme, I presume we should qualify but our situation is somewhat unique and I would like to get professional advise to be sure. Any recommendations would be much appreciated.

3 Replies

Posts: 605
VIP Member
Honorable Member
Joined: 5 years ago

Kennards are a Portuguese based English accountant


Posts: 154
VIP Member
Estimable Member
Joined: 4 years ago

Try here for some guidelines https://www.blevinsfranks.com/Portugal
There are many tax advisers that specialise in Portugal but I can't recommend any based on experience as yet. One thing to watch out for is if any of your income sources are paid via a trust (this applies to many pension schemes). The tax on trust laws changed in 2015 in Portugal and you can now be hit with 28% tax.


Posts: 1
Community Member
New Member
Joined: 1 month ago

Hi Dama,


I hope you figured this whole thing out? It's frustrating how hard it is to get any info, I read the Portuguese "Finances" explanation, but it keeps it quite open (depends on the dual trity between PT and US,...etc)


I would love to hear from you if you had a hands on experience with this..

I want to invest in some US based stocks and was wondering how would that be taxed under RNH regeime taking into consideration that Capital gains from selling the stocks under the Trity between US and PT should be taxed in the country of residence (in such case PT)... so does that indeed means I will have to pay 28% to PT?

What about Dividends? the trity says 15% will be taxed in US and the rest in PT, does that mean indeed I will pay (god knows how much 30 or 28%) split between US and PT?


Would really appreciate a feedback.


[adrotate group="6"]

To post a reply, sign up and become a member!


By becoming a valued Premium Member today, your support will help the team continue to bring you useful content about life in Portugal. You can also:

JOIN TODAYOnly €25 per year


Sign me up as a Community Member today for limited access to the forum and meet-ups.



By becoming a valued Premium Member today, you will unlock some great privileges, freebies and perks:

  • Receive over €300+ worth of exclusive member benefits from our partners (view current member perks and benefits)
  • Priority access to our Zoom meet-ups and webinars (visit our What’s On Calendar for our next online events)
  • Browse the forum with no advertising (only see or partners)
  • Get 10% discount off Business Directory advertising
  • Get 10% discount off Ask Our Expats services
  • Buy and sell items in our Classifieds forum
  • And last but not least, shout Astrid, Gerry & Carl a beer on Friday 🙂
Join TodayOnly €25 per year

Copyright © 2020 Expats Portugal

Marketing by Unity Online