IFICI Tax Regime
Portugal's successor to the NHR program — a 20% flat tax for qualifying professionals and investors relocating to Europe.
Why Global Executives Are Choosing Portugal
The Tax Incentive for Scientific Research and Innovation (IFICI) offers a 20% flat tax on Portuguese-source income. Most foreign-source income — dividends, interest, capital gains — remains exempt.
Benefits extend for up to ten consecutive years, with pause options. For venture capital investors, IFICI complements a Golden Visa investment by providing significant tax advantages.
Tax Rates Under IFICI*
20%
Portuguese-source Income
0%
Qualifying Global Income
Duration
10 years
Renewable benefit period
Eligibility
Must not have been a Portuguese tax resident in the previous 5 years
How IFICI Compares
Top marginal personal income tax rates (2026). The difference speaks for itself.
Source: Tax Foundation, "Top Personal Income Tax Rates in Europe, 2026" (February 9, 2026), by Alex Mengden.
Who Qualifies
You must become a Portuguese tax resident (183+ days/year) and not have been a resident in the preceding five years.
Scientific Research
Researchers and academics in qualifying fields
Technology & Innovation
Tech professionals, engineers, and startup founders
Investment Management
Fund managers and investment professionals
Senior Executives
C-suite, board members, and senior management
Healthcare
Medical professionals and health sector specialists
Creative & Cultural
Artists, designers, and cultural industry professionals
Why Portugal — and Why Now
EU legal protections and business-friendly policies make Portugal an increasingly attractive base for global professionals.
Modern infrastructure, world-class healthcare, competitive cost of living, and a growing innovation hub — Portugal consistently ranks among Europe's safest and most liveable countries.
EU legal protections and single-market access
Ranked among Europe's safest countries
Growing tech and innovation hub
Government support for technology and sustainability
Explore IFICI for Your Move to Portugal
We connect you with specialist tax advisors to evaluate your eligibility and potential savings.
Get in Touch1 France (55.4%): Combines the 45% top statutory bracket with surtaxes on high incomes — 3% on income exceeding €250,000 (single) / €500,000 (couple), and 4% above €500,000 (single) / €1,000,000 (couple). A differential contribution on high incomes (CDHR) may also apply from 2025 onward. Social charges (CSG/CRDS) are excluded.
2 Sweden (52.3%): Combines municipal income tax (~30–35%, varying by municipality) with a 20% state income tax on earned income exceeding SEK 643,000 (2026). The top marginal rate was reduced from ~55% to ~52% effective January 2025 via changes to the job tax credit.
3 Germany (47.5%): Combines the 45% top bracket ("Reichensteuer," applying above €277,825) with the 5.5% solidarity surcharge on income tax. Most taxpayers are exempt from the surcharge; it applies only to those with income tax liability above ~€20,350.
4 United Kingdom (45.0%): This is the "additional rate" applying to income above £125,140 (England, Wales, Northern Ireland). Scotland sets its own rates, with a top rate of 48%.
All rates reflect combined central and sub-central top personal income tax rates and surtaxes. Social security contributions are not included.
* Pension income may be taxed differently. Some jurisdictions are blacklisted. Always consult a qualified tax advisor for your specific situation.