Filing a Portuguese Tax Return

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As a resident of Portugal, you’re required to declare not only your income earned globally but also any taxes you’ve already paid in other countries and details of bank accounts held outside Portugal, starting from the moment you become a tax resident. There may be other reasons you have to file a return with the … Read more

4 Places to Open an EU Bank Account

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Opening a bank account in the European Union (EU) can be a smart move for many, from those planning to move to an EU country like Portugal, or buying a property abroad, or travellers who want to make handling money easier while they’re on the road. The main reason to get an EU bank account … Read more

Portugal’s New NHR: The Scientific Research & Innovation Regime

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Portugal, known for its captivating landscapes and rich culture, has long been a magnet for expatriates seeking a new home. However, in a significant shift, the country is phasing out its Non-Habitual Resident (NHR) tax regime and ushering in a new era with the introduction of a new Portuguese tax regime, which some are calling … Read more

What does NIF stand for?

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If you’re planning to move to Portugal or you’ve spent any kind of time here, you’ve probably come across the word NIF from time to time, and may be wondering what exactly does the term NIF mean? Literally, NIF stands for fiscal identification number or tax identification number, sometimes called a TIN. It’s a way … Read more

What Are The Benefits of Having a NIF Number?

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Having a NIF number isn’t really a question of benefits. There are some things that you just can’t do without a NIF. For example: Etc, etc. Basically, a NIF number is something you need if you’re planning to live in Portugal rather than something that’s optional. Now that’s not to say that there aren’t some … Read more

Can I get a NIF Without a Portuguese Address?

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Most people need a NIF, or Portuguese tax number, before they move to Portugal. But what if you don’t have a Portuguese address yet? Can you get a Número de Identificação Fiscal (NIF) with a foreign address? According to Kathleen Lo from Bordr.com, “Yes, you can absolutely get a NIF without having a Portuguese address … Read more

How Can I Shop at a Portuguese Website Without a NIF Number?

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If you aren’t resident in Portugal, there’s a good chance you don’t have a NIF number. Although you could get a NIF, and even though there are no tax obligations from having own, you don’t really need to have one, unless you have certain financial commitments in Portugal, like owning a house or car. However, … Read more

What’s the Fastest Way to Open a Portuguese Bank Account?

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Do you need to open a Portuguese bank account quickly? That may be the case if you’re applying for a residency visa and have been told that you need to show a Portuguese bank account funded with at least 1 year’s living expenses (a common requirement).  Unfortunately, for whatever reason, it isn’t easy to open … Read more

What is the Best Portuguese Bank for Expats?

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When it comes to selecting the best bank in Portugal, there’s no one-size-fits-all answer. Individual preferences and experiences can vary greatly, making it challenging to provide a definitive recommendation. Moreover, most people only have experience with one or two banks, which limits their ability to offer an unbiased, comprehensive comparison. However, given the importance of … Read more

Can Foreigners Open a Portuguese Bank Account?

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Foreigners can open a Portuguese bank account, however, that doesn’t necessarily mean that opening a bank account is always easy. The issue isn’t whether you’re a foreigner or Portuguese, but whether you’re a resident in Portugal or somewhere else. If you’re already resident in Portugal, opening an account is fairly simple. If you aren’t yet … Read more