Description

Portugal is entering a new era of tax incentives with the introduction of the IFICI (Incentivo Fiscal à Investigação Científica e Inovação) — also known as NHR 2.0.

This program replaces the long-standing Non-Habitual Resident (NHR) regime and reflects Portugal’s pivot toward innovation, entrepreneurship, and high-value economic activity.

Key Highlights:

• Purpose: Attract global talent in research, technology, and innovation sectors
• Who Qualifies:
• • Tech entrepreneurs
• • R&D professionals
• • Startup founders
• • Innovation-driven businesses
• Main Benefits:
• • Flat 20% personal income tax rate for qualifying income
• • Foreign income exemptions for up to 10 years
• Strategic Goal: Reinforce Portugal’s position as a European hub for innovation and startups — combining favorable taxation with strong business and lifestyle advantages

Takeaway:

Portugal’s new IFICI regime marks a major evolution — from attracting retirees to building a future-oriented economy powered by innovation and entrepreneurship.