Enough

🇵🇹 Retire in Portugal

Tax rates, cost of living, special programs, and top cities for international investors and retirees.

Tax System Overview

Portugal taxes investment income at a flat 28% — dividends, interest, and capital gains. Crypto held over 1 year is tax-free. The old NHR program ended; the new IFICI (NHR 2.0) only benefits qualifying professionals, not retirees or passive investors. Portugal has excellent tax treaties with most countries.

  • ✓No wealth tax
  • ✓20% flat tax for qualifying professionals (10 years)

What Would You Pay?

Estimated annual tax on different levels of investment income (capital gains + dividends + interest):

Annual Investment IncomeEstimated TaxEffective Rate
$50,000$14,00028.0%
$100,000$28,00028.0%
$200,000$56,00028.0%

Assumes 60% capital gains, 25% dividends, 15% interest. Actual tax depends on your specific income mix.

Tax Programs for New Residents

20% flat tax for qualifying professionals

10 years at 20%

Must not have been a Portugal tax resident in the prior 5 years. Only for qualifying professions (tech, science, healthcare, senior executives). Employer must export >50% revenue. Does NOT apply to passive investment income — only employment income.

Top Cities in Portugal

Braga

$1,420/month

Coimbra

$1,445/month

Porto

$1,668/month

Funchal

$1,820/month

Lisbon

$2,096/month

Tax Calculator

Compare your tax bill across specific cities in Portugal.

Move & Save Simulator

Compare Portugal vs your current country.

Tax rates and programs are subject to change. Information is current as of 2026. Always consult a qualified tax professional before making relocation decisions.