The Portugal Tax Experts

We help expats use the generous tax breaks in Portugal

FRESH Portugal is a the Portuguese desk of FRESH, an international legal practice with 15 lawyers spread between the US, UK, Israel and now Portugal. We advise expats who are coming to Portugal from all over the world.

Portugal offers incredible lifestyle. It is also has one of the highest tax rates in Europe, alongside some of the most attractive systems of tax breaks in the world.

Our firm is the only boutique international firm operating in Portugal. As such, we are able to holistically look at people's sources of income, assess their taxes from the perspective of different countries and identify the best solutions for them.

Zeev Fisher

Lawyer (England & Wales, Israel)

Zeev is an IP and tax lawyer, qualified in the UK, Ireland and Israel, a partner in the US offices of FRESH and an angel investor. His legal practice focuses on cross border aspects of ambitious international businesses.

Dirk Cluckers

Tax advisor (Belgium)

Dirk is a seasoned tax advisor who started his career working for IBM, later moving to private practice. He has over 20 years of experience dealing with international taxation. He lives in Portugal and advising expats in Portugal on cross-border tax matters.

Magda Feliciano

Lawyer (Portugal)

With approximately 20 years of experience as a senior tax lawyer in Portugal, Magda supports the Fresh team with a strong view on Portuguese taxes. Magda also resides in the Portuguese tax arbitration court as an arbitrator, giving her strong insights on the decision-making process of the authorities.

Rebecca Castro

Lawyer (Portugal and Brazil)

With over 7 years of experience spanning work in the United States, India, Brazil and Portugal, Rebecca adds a further international dimension to Fresh. As a tax lawyer, she focuses her practice on contentious proceedings versus the authorities, including civil and criminal tax proceedings

Pedro Abreu

Tax Lawyer (Portugal & Brazil)

Pedro is a specialized lawyer with a master's degree in tax law and with an accumulated experience of 6 years between works in Portugal and Brazil. In addition to his refined knowledge in the tax area, Pedro's previous experience in the public sector gives him a unique view of the legal aspects of taxation. Pedro's work at Fresh will be directly focused on the development and structuring of tax consulting strategies and administrative and tax litigation.

Nicolas Danziger

Client & Partnership Relations Manager

Nico is a lawyer by background and a communications specialist that had worked for several companies around the world, including Think Tanks and political communications agencies. He is a people skills professional that brings Fresh a close and dedicated approach to our client and partnership relations.

Tax consultation: If you want an understanding of how expat taxes work

A senior tax expert will help you plan your taxation when moving to Portugal.

PERSONAL TAX PLAN: if you want a comprehensive written report on optimising taxation

We offer a personal, tailored, tax planning to people who want to take their financial freedom in their own hands. Tax planning includes a drill down into your tax situation and an individual, tailored plan that you can follow.

Tax return - 2022

Our most common tax return and is meant for people with income streams that include income from work, profits, pension and investments.

Fresh monthly subscription: For self-employed/freelancers in Portugal who want high end support and ongoing advice

A monthly subscription package (125+IVA a month) for people who have or need to open an activity in Portugal, people with complex incomes, or people who need regular access to tax services.

Solving tax problems

We help people solve difficult problems with the tax authorities, such as lost NHR status, residency by error, mistaken tax returns etc.

Quality tax advice requires spending time understanding a person's individual situation.

We created Joana for two reasons:

1. We wanted everyone to be able to understand not just the basics of the NHR regime but also how it applies to them.

2. Since Joana collects a lot of valuable information, she saves us time and makes paid consultations with us more efficient.

Joana is not meant to replace a human tax attorney, but she is a very helpful member o our team and a great way to start.

Talk to Joana now (free!)
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We designed a special service for filing tax returns under the NHR.

Try our tax calculator now to estimate your 2022 taxes.

Go to tax calculator.
Any time is a good time for tax planning, but the best time is as early as possible, preferably before coming to Portugal and before having a NIF issued.

People who are coming to Portugal with a certain business structure will very rarely be doubted, even if the structure is highly efficient from a tax perspective. People who change structures will often be questioned by the tax authorities. Changing structures after coming to Portugal is not impossible, but it's much harder than doing it early.

More on this here.
The Non-Habitual Residency tax regime is a 10-year preferential tax regime in Portugal, targeted at people who have not lived in Portugal for the last 5 years. See our guide to NHR.
Anyone who has not been a tax resident in Portugal for the last 5 years can use the NHR as long as they apply on time (up to 31 March the year after becoming tax residents).

People often confuse eligibility and use of the NHR system and more specifically, one of the benefits of NHR is a reduced tax rate in certain high value professions. However, having one of these professions is not a requirement in obtaining NHR status and we often advise people how to benefit from the NHR even if they are not working in any of these professions.
It depends on the type of advice that you want.

Tax lawyers are experts in tax planning. A tax lawyer looks at the sources of income and will suggest ways to utilise tax breaks and reduce the overall tax burden. The advice given by tax lawyers is confidential and remains between their clients and themselves. As experts of the law, tax lawyers are usually more expensive than accountants and charge for consultation.

Accountants are experts of auditing and doing the books. Their primary role is to help their clients with reporting requirements. Many accountants will offer tax advice to their clients . If a tax case is audited, tax accountants have to disclose the advice that they gave to their clients.

Ideally, you should use a tax lawyer for tax planning and an accountant for ongoing administration and bookkeeping.
Would you prefer to be operated by a surgeon or by a family GP?

Many firms in Portugal offer a wide range of services, ranging form immigration, to property, civil litigation and they also offer tax advice.

Indeed, we would expect any lawyer to know "a little bit about everything" but believe us - tax law is really complicated and it is also very creative. So yes, it is easier to use the same people you already know for everything you need, but it is unlikely that they will have the expertise and depth of tax knowledge to give the best advice.

Apart from being tax lawyers who focus our practice on advising expats, we are also an international boutique with qualified lawyers from Portugal and multiple other jurisdictions.  

The reason that this is so important is that the NHR system does not allow Portugal to impose tax in many cases when the other country has the right to impose tax. It is therefore impossible to advise on Portuguese taxation without understanding the systems that interact with it and who is better placed to understand such system than lawyers in these jurisdictions?

When we create a tax plan, we consider how the countries' different tax systems interact with each other, we understand the sources of income and the different forms of incorporation and investment vehicles used by people.

And finally, we offer big-4 quality advice and solutions in accessible prices.

We have qualified lawyers in the UK, US and Portugal but we advise expats who are coming to Portugal from all countries. We are experts of reading and understanding double taxation treaties and we have very good familiarity with exit taxes and similar situations.

We do not advise on taxation in countries where we are not qualified but we often coordinate advice with a tax expert in the country that people come from. Our advantage is knowing how to do that - what questions to ask, and how the systems interact with each other. 
Many people don't understand the difference between international tax lawyers and high street accountants. Think brain surgeons vs. a family doctors.

At FRESH, we do a lot as free service to the community. We encourage everybody to join our free FB group, read our free content , use our free taxbot or the free tax calculator.

However, our time and expertise is reserved to our good paying clients.
When a person moves from one country to another, more than one legal system is involved and often, more than one tax expert is needed.

At Fresh, we normally have a lead advisor whose responsibility is to collect all the facts. This advisor would be an expert in one jurisdiction. Such lead advisor will discuss the situation, as needed, with tax advisors qualified in all the involved jurisdictions.


While living in Portugal as a British expat can be an attractive proposition due to the tax-friendly environment offered by Portugal's Non-Habitual Residence (NHR) regime, the taxation of dividends from UK companies can be more complex than initially anticipated. 

In this blog post, we will explore the tax implications for British expats in Portugal receiving dividends from UK companies, highlighting the challenges of split-year taxation, returning to the UK within five years, and the risks associated with a UK company being deemed tax resident in Portugal due to effective management being located there.

Understanding the Tax Environment in Portugal: 

To comprehend the tax implications for British expats in Portugal, it is crucial to understand the NHR regime, which was introduced in 2009 to attract foreign professionals and high net-worth individuals. The NHR status provides tax exemptions on foreign-sourced income (including dividends) and reduced tax rates on certain Portuguese-sourced income for ten years. It is important to note that this tax scheme is only available to those who have not been Portuguese tax residents in the five years preceding their application.

Taxation of Dividends from UK Companies: 

Under the NHR regime, dividends received from UK companies are generally exempt from Portuguese taxation, as long as they are not sourced from a tax haven. The UK is particularly attractive as it normally does not impose a withholding tax on dividends paid to a non-resident despite having the right to do so.

Risks of Split-Year Taxation: 

When relocating to Portugal, a British expat's tax year may be split between the UK and Portugal, resulting in a 'split year.' 

This occurs when an individual leaves the UK in the middle of the UK tax year (which normally starts, inconveniently, from early April). 

Under the split-year treatment, income received during the UK part of the tax year is subject to UK tax, while income received during the Portuguese part of the tax year follows the rules of the NHR regime. 

This general rule does not apply to dividend income. Dividends paid to a non-resident in a split year cannot be considered excluded income and is therefore taxed in the UK fully.


Returning to the UK within Five Years: 

Another potential risk for British expats in Portugal is the "temporary non-residence" rule. This UK tax rule affects individuals who return to the UK within five complete tax years of leaving. If a British expat receiving UK dividends returns to the UK within this time frame, they may be subject to UK tax on the dividend income received while they were non-residents, even if the dividends were exempt from Portuguese tax under the NHR regime.

The Risk of UK Company Deemed Tax Resident in Portugal: 

British expats should also be cautious of their UK company being considered a tax resident in Portugal by virtue of its effective management being located there. 

According to the double taxation treaty between the UK and Portugal as well as domestic Portuguese legislation, a company can be deemed tax resident in the country where its "place of effective management" is situated. 

Consequently, dividends paid by a UK company deemed tax resident in Portugal may be subject to Portuguese taxation instead of being exempt under the NHR regime.

This risk can be mitigated in various ways, including by ensuring that strategic decisions and board meetings take place in the UK and that the majority of the company's directors are UK tax residents. Maintaining accurate documentation is essential to support the company's tax residency claims.

The tax filing season will shortly start. 

At Fresh Portugal, we file more tax returns for expats than any other company in Portugal. 

Despite our very best efforts to make our own tax return service affordable, some people have told us that they cannot afford our tax filing service priced at 600 Euro. We therefore decided to put together a guide to help people better understand how taxes in Portugal work and how they should file their tax return. 

As you will see below, the main issue with filing a tax return is not filling the form. The hard part is classifying the income. It is not always obvious or easy to understand what a certain type of income is and therefore we provide some guidance below. 

Those filing themselves or using neighborhood Portuguese accounting firms are welcome to use this guide to review how their income should be classified. Ready? Here we go! 


  • Apply for NHR!

The NHR scheme is not automatically granted for recent residents in Portugal, there is an administrative deadline to follow, which is March 31st of the following year in which you became a tax resident in Portugal. 

  • Getting familiar with Modelo 3

You can go into the IRS form – Model 3. You can find the digital form on your Finances Portal. The important thing to know about how to fill the Mod 3 form is that the burden of classifying and matching the income with the existing types provided by Portuguese law is entirely yours

You can check the types of income provided by the Portuguese tax law on articles 2 to 11 of the IRS Code. 

You will see categories A to H income: 

A: employment income
B: self-employment income
E: capital income
F: income from property (rental)
G: capital gains
H: pension income 

After correctly classifying and matching your types of income to the Portuguese classification, you have to identify whether the income is Portuguese sourced or foreign-sourced. 

A lot of people make mistakes at this point, because the decisive criteria here for the most important income types – employment and self-employment income - is not where your clients are, but where you do the work from

And finally, to access the 20% flat rate for employment and self-employment income, you have to identify if you have a high value activity. Portugal have changed this list over the years according to the professions most needed in the country. We have the current list of high value activities at another post of our blog. 

  • Common pitfalls:

 Here are a few mistakes that we see frequently: 

  • You don’t have to hold a high value profession to be eligible to the NHR. The only criteria you have to meet is not being a tax resident in Portugal for the last 5 years and inform the country where you were a tax resident before coming to Portugal.

  • Also, if you have been a tax resident just for a portion of the first year, you don’t need to declare the income incurred in the entire year. Also, if you have to file a partial declaration for the year and want to file together with your partner, you have to make sure your tax residence dates match.

  • Portugal has an accrual tax accounting system, different from the American system, so for example, you don’t need to report bonuses when received if it was incurred in the past years (when you were not a tax resident in Portugal).

  • Another typical mistake has to do with profit from a US LLC. Such profits are normally classified as self-employment income in the US, but in Portugal, the only known decision on the matter deals with this income as capital income.

  • As mentioned before, is very common to misunderstand foreign-sourced income with Portuguese income when your client base is outside Portugal or the company you work for is a foreign entity. The place where the work is done from that defines where the income is sourced.

  • Along with the domestic laws and the NHR rules, you always have to analyse the Double Taxation Treaties between Portugal and the country you have business with. The double taxation treaty leads to different outcomes depending on what country the income comes from.

  • Finally, it is important to be consistent between jurisdictions, so that the information you submit on both returns match as much as possible.

Classifying income

The below tables show how we normally classify income and could give a good indication to you and/or your accountant.

Kindly note that we are not responsible to how you choose to classify your income when working with other firms!


Income typeManagement / work donePT/Foreign sourcedNormal tax treatment Modelo 3
LLC (not S-Corp)PortugalPortuguese sourced incomePT capital income (28%)Annex E (4)
LLC (not s-Corp)Outside PTForeign sourcedForeign sourced capital income (0%)Annex J (8) + Annex L (6)
S-Corp/LLC Scorp election – salaryWork done in PTPortuguese sourced income20% + SS in PortugalAnnex A (4) + Annex L (4) (6)
S-Corp/LLC Scorp election – salaryWork done outside PTForeign sourced income0%Annex J (4) + Annex L (5) (6)
S-Corp/LLC Scorp election – distributionsPortugalPortuguese sourced incomePT capital income (28%)Annex E (4)
S-Corp/LLC Scorp election – distributionsOutside PortugalForeign sourcedForeign sourced capital income (0%)Annex J (8) + Annex L (6)


  • Income from other companies (UK, EU, but not black-listed)
Income typeManagement / work donePT/Foreign sourcedNormal tax treatment Modelo 3
SalaryWork done in PTPortuguese sourced income20% + SSAnnex A (4) + Annex L (4) (6)
SalaryWork done outside PTForeign sourced0%Annex J (4) + Annex L (5) (6)
DividendManagement in PTPortuguese sourced incomePT capital income (28%)Annex E (4)
DividendManagement outside PTForeign sourced incomeForeign sourced capital income (0%)Annex J (8) + Annex L (6)
  • Employment income
Income typeWork donePT/Foreign sourcedNormal tax treatment Modelo 3
In Portugal, high valueWork done in PTPortuguese sourced income20% + SS in PortugalAnnex A (4) + Annex L (4) (6)
In Portugal, not high valueWork done in PTPortuguese sourced incomeStandard rates + SSAnnex A
From outside Portugal, high valueIn PortugalPortuguese sourced income20% + SS in PortugalAnnex A (4) + Annex L (4) (6)
From outside Portugal, not high valueIn PortugalPortuguese sourced incomeStandard rates + SSAnnex A
From outside Portugal + effective taxFrom fixed base + DTTForeign sourced income0%Annex J (4) + Annex L (4) (6)
  • Self-employment income
Income typeWork donePT/Foreign sourcedNormal tax treatment Modelo 3 
In Portugal, high valueWork done in PTPortuguese sourced income20% + SS in Portugal (subject to coefficient)Annex B + Annex (4) (6) + Annex SS
In Portugal, not high valueWork done in PTPortuguese sourced incomeStandard rates + SS (subject to coefficient)Annex B + Annex SS
From outside Portugal, high valueIn PortugalPortuguese sourced income20% + SS in PortugalAnnex B + Annex (4) (6) + Annex SS
From outside Portugal, not high valueIn PortugalPortuguese sourced incomeStandard rates + SSAnnex B + Annex SS
From outside Portugal + not high value + risk of tax under DTTFrom fixed baseForeign sourced incomeStandard rates + SSAnnex B + Annex SS
From outside Portugal + high value + risk of tax under DTTFrom fixed baseForeign sourced income0%Annex J (6) + Annex L (5) (6)

  • Capital income (dividend, interest)

Income typeSourcePT/Foreign sourcedNormal tax treatment Modelo 3
Capital incomePortugalPortuguese sourced income28%Annex E
Capital income, risk of tax under DTTFrom outside PortugalForeign sourced0%Annex J (8) + Annex L (6)
  • Property income

Income typeSourcePT/Foreign sourcedNormal tax treatment Modelo 3
Capital gainPortugalPortuguese sourced income28% * coefficientAnnex G
Capital gain, risk of taxationFrom outside PortugalForeign sourced0%Annex J (9) + Annex L (6)
ALPortugalPT sourced income28% * coefficientAnnex B (15)
RentPortugalPT sourced incomeSee special ratesAnnex F
Rent, risk of taxationOutside PortugalForeign sourcedNormally 0%Annex J (7) + Annex L (6)
  • Capital gains (securities)

Income typeSourcePT/Foreign sourcedNormal tax treatment Modelo 3
Capital gainPortugalPortuguese sourced income28%Annex G
Capital gainFrom outside PortugalForeign sourced28%Annex J (9)
Capital gain, American citizens (risk of tax)From outside PortugalForeign sourced0%Annex J (9) + Annex L (6)
  • Pension (any retirement savings)

Income typeSourcePT/Foreign sourcedNormal tax treatment Modelo 3
Pension from PortugalPortugalPortuguese sourced incomeNormal ratesAnnex A (4)
Pension, NHR before 2020From outside PortugalForeign sourced0%Annex J (5) + Annex L (5) (6)
Pension, NHR before 2020From outside PortugalForeign sourced10%Annex J (5) + Annex L (5) (6)
Government pensionFrom outside PortugalForeign sourcedSee the DTTAnnex J (5) + Annex L (5) (6)

  • Using

Fresh Portugal created a tax calculator with the most common foreign income types, leaving the classifying work with us.

Fresh Portugal's primary focus is optimising the benefits awarded by the NHR regime to expats coming to Portugal. 

However, the NHR benefits are subject to a harsh deadline imposed by the tax authorities in Portugal. 

The deadline

A tax resident must apply to obtain NHR status until the 31st of Marth, during the year following the year of becoming a tax resident. 

In other words, if someone becomes a tax resident during 2022, they should apply for NHR status until 31/03/2023. Or at least, so say the authorities.

One may remember that the tax residency date is normally based on self-declaration - the date that the person associated an address in Portugal with their NIF. 

However, the tax residency date can be backdated by the authorities if the relevant taxpayer met the legal definition of a tax resident prior to that date - i.e. if the tax resident stayed in the country for longer than 183 days in a prior year or had a primary residence. 

The primary residence rule can theoretically be applied to rental properties, but in practice the authorities normally treat a residence owned by the tax payer where taxes of a primary residence have been paid as an admission that the intention is to occupy the residence is a primary residence.

Deadlines missed due to Catch 22 

Joseph Heller's mythical novel Catch 22 is remembered for multiple paradoxes where you cannot do one thing without doing the other first and you cannot do the other before doing that one thing. 

Since tax residency can be backdated, so can the deadline for NHR, so a sensible strategy would be to apply for NHR as soon as possible rather than wait to the last minute to avoid any risks of backdating.

However, the authorities add a further paradox - they normally do not let people change their address to a Portuguese address before obtaining a residence permit. In other words, they say "you cannot register as a tax resident before you are legally registered as a resident". 

On a first glance, this appears like a reasonable statement, but in fact, this statement is entirely false. Tax residency has to do with the physical presence of a person in a country and that person's duty to pay taxes. Being in a country illegally does not in any way take away the person's duty to pay taxes and it is therefore no coincidence that there is nothing in the tax residency legal definition about legal residency. The two things are unrelated concepts. 

However, in practice, the authorities normally prevent registration from people who are not yet legal residents. Furthermore, the ever growing waiting time for SEF appointments leads to a paradox - it could take many month before legal residency can be registered, but the tax residency could be backdated once this happens.

If is therefore possible for someone to miss the NHR deadline at no fault of their own - simply due to the waiting times at SEF. 

Strategy 1 - set the record straight

One strategy to addressed the said missed deadline is to convince the authorities that the taxpayer's tax residency had in fact began in a later year. This is a common strategy when people arrive in Portugal and register at the end of a calendar year. 

This is better done by disputing the initial refusal of NHR. A further deadline of 15 days is set out for that. 

The golden evidence to shift tax residency is a legalised tax residency certificate from the other country. However, these could take a while so it is often wise to first obtain the certificate and then apply for NHR, so that the negative outcome could be disputed straight away. A further procedure of amending the records is also available. 

Strategy 2 - dispute the legality of the denial

It may come as a huge surprise to readers, but the NHR law does not in fact set any deadline to apply for NHR. The deadline has been set by authorities in separate ordinances which many experts (and us amongst them) argue, is illegal as the executive cannot take away a right given by the legislator. 

One would consider whether taking away a benefit publicly advertised to attract people to Portugal for a mere few days formal delay of submitting an online form presents a reasonable outcome. Even those opposing the NHR regime for ideological or political reasons would normally admit that in-so-far as the regime exists, it is unfair and unreasonable not to apply it consistently to the entire group that it covers, even if such people believe that the rights given to this groups are unfairly given.

And indeed, taxpayers have now disputed tax assessments denying NHR treatment to people who missed the deadline a number of times. Such disputes have been made in arbitration courts, so these were specific tax assessments and may not be respected by the authorities for future years, but the emerging trend is clear - the arbitration courts did not believe that it is acceptable for the authorities to deny NHR status due to the missed deadline.

This understanding of the arbitration center in Portugal can be attested in the decisions of the arbitral pronouncements "Processo nº 188/2020-T"; "Processo No. 777/2020-T"; "Processo No.: 815/2021-T"; "Processo nº 319/2022-T".

The position of the CAAD in these decisions has been consistent - regarding the matters of the tax regime applicable to non-habitual residents, the registration referred to in paragraph 10 of article 16 of the IRS Code assumes a merely declarative nature and does not constitute the right to be taxed under such regime.

This means that the registration does not condition the application of the regime, only the criteria established by Law serve this purpose.

It is unfortunate that the authorities continue to deny NHR treatment due to missed deadlines but taxpayers have a path to resist. Please free to consult us.

One of the most frustrating revelations for people moving to other countries is the fact that the employment relationship that they have can rarely continue as such.

Why employment doesn't work?

The main reason that employment relationship rarely works is the sense that the common arrangement in tax treaties between countries is that people are liable to pay taxes (both income tax and social security) in the country where they reside. As a result, in order to legally employ someone in a different country, the employer needs to register with the authorities in that country and deduct taxes for the other country.

In addition to this practical difficulty, having an employee in another country risks the creation of a Permanent Establishment or in other words, risks that the country of residence of that employee will seek to attribute some of the profits of the company to the employee and tax such profit. 

EOR - a solution?

To resolve this problem, there are companies that act as a de-facto employer and take on the administrative tasks related to employment, including payroll processing, benefits administration, and compliance with labour laws. These are called "Employer of record" companies (EOR) and they allow companies to legally employ in other countries. 

Employers of record are a practical and compliant solution for employers seeking to employ in other countries but are, in our opinion, the worst possible option for people moving to Portugal.

The costs of an EOR in Portugal

EOR don't come free and incur some setup costs. The costs can vary between hundreds or thousands of Euros per employee per month. 

However, it is not the EOR costs as much as the it is the employment taxes that are the main issue.

Income tax

Employees who work for international companies in Portugal are often paid salaries that are considerably higher than the average salary in Portugal. The sliding scale of taxation in Portugal is designed around the local population and it therefore rapidly reaches 45% in addition to a potential further 2.5-5% solidarity tax.

Many people working in a high value activity under the NHR scheme enjoy a reduction to a 20% flat tax rate.

So far so good.

Social security

This is where the real trap is. Social security is levied at a 23.75% over employers in Portugal (including EORs). In addition, the employee pays 11%. The total social security burden is therefore 34.75% (!) There is no social security ceiling so any amount suffers the 34.75%.

Overall tax burden 

Together, the tax burden of employing via an EOR is approximately 50% taking into account the 20% preferential tax rate

For people not in high value activity, the tax rate could be as much as 70%.

For many companies, this is a prohibitive rate.



A reasonable alternative to using an EOR is creating a contract relationship and having the employee register as self-employed in Portugal.

Portugal encourages freelancers and the tax benefits under the NHR scheme work better for freelancers. 

Income tax

The 20% special tax rate is further reduced by the application of the simplified regime, allowing for taxation of only 75% (in most cases) of the income (and achieving approximately 15% tax rate).

Social security

Self-employed individuals pay 21% social security but this is further reduced by the application of a the simplified regime by taxing only 70% of the income, leading to an overall rate of approximately 15%. In addition, there is a waiver on social security for the first year and a cap of approximately 1,200 Euros a month.

Overall taxation

The overall taxation of high value activities of freelancers therefore starts at around 15% and doesn't go over 30%. This is a reasonable tax rate. 

Indeed, using the self-employment mechanism leaves employers exposed to a hypothetical risk of the creation of a PE, but this risk could be mitigated considerably by avoiding a physical office and not awarding the freelancer a signing authority. We are not aware of a single case in Portugal, ever, where the risk had been more than theoretical. 

Working via a company

Another option is for the employee to set up an entity - either in Portugal or outside of Portugal and bill the employer via said entity. This option reduces the risk of a PE further and could lead to varying taxation depending on the exact structure chosen. 

One of the side effects of the large rise of Americans moving to Portugal is also the considerable use of unique US structures. 

We have already written about the treatment of US LLCs in Portugal and it is now time to say a few words about S Corporations (S Corp / S-Corp) or LLCs that elect to be taxed as S-Corps.

S-Corps are a unique vehicle that is only available to US citizens. It is a desirable structure when living in the US because it shields some of the income that people have from social security payments, leading, mostly, to a reduced overall tax rate. S-Corps are also an efficient vehicle for various deductions.

However, for people living in Portugal, S-Corps (or LLC/SCorps) are not a recommended vehicle in our view, even for people with NHR status, for reasons explained below.

Income from S-Corp - US perspective

S-Corp must pay their shareholder-employees a reasonable salary. A reasonable salary needs to be a sensible market compensation. Most S-Corp shareholder-employees pay themselves approximately 40% of the profits as a salary. The IRS is cracking down on people trying to reduce the salaries below "reasonable".

Over and beyond the salary, the S-Corp can retain or distribute its profits. Distributed profits are not considered earned income and are therefore not subject to social security payments. They are, however, pass-through income, i.e. they are allocated to the owners regardless of whether they have been distributed or not. 

It is important to remember that whilst distributions are exempt from social security payments in the US, there is another side to the coin - since they are not earned income, they will not be benefiting from the Foreign Earned Income Exclusions and will be fully taxed in the US.

Income from S-Corp - the Portugal position

The salary

As we have seen, S-Corp owner-employees much pay themselves a salary. 

The double taxation treaty between the US and Portugal gives both countries taxation rights over salary income.

The default clause on salary income in the double taxation treaty sets out that salary is taxed at the country of residency unless the work is done in the other country. In other words, the default position is that work done from Portugal is taxed in Portugal regardless of where the employer is or where the clients are.

However, the saving clause gives the US taxation rights over all income by US citizens regardless of what other clauses say.

The bottom line is that both countries can tax the salary.

Many people mistakenly believe that the fact that the combined effect of the US's right to tax the salary, the effective taxation in the US that is deducted at source and the NHR regime that exempts foreign sourced employment income that is taxed at the source country leads to no taxation in Portugal.

This position may be on many tax returns but it is legally wrong

Since work done from Portugal, even for a US employer and US client is sourced in Portugal both in accordance with the double taxation treaty and in accordance with Portuguese domestic legislation, the NHR exemption does not apply as it only applies to foreign-sourced income.

The outcome is reverting to the default position - Portugal has the first right of taxation. 

S-Corp employment income should therefore be reported to the tax authorities in Portugal as Portuguese-sourced income and tax should be paid in Portugal first, claiming a refund on the US tax return, leading to a cash-flow problem. 

However, the problems do not end there. Employment income in Portugal is also subject to social security contributions in Portugal. Social security contributions in Portugal are paid BOTH by the employee AND by the employer. 

Therefore, employees in Portugal should be income tax and social security and their S-Corp employers should technically register with the Portuguese authorities and pay employers' social security. 

The combined effect of doing things "by the book" would be a tax rate of the salary portion of approximately 54% under the NHR regime with no social security cap.


The distributions

Distributions from an S-Corp that is genuinely a US entity would likely follow the rationale set out in processo 2360/2016 (covered here in relation to LLCs) and will be considered foreign-sourced capital income that is exempt from tax in Portugal under the NHR regime. 

However, the risks of partnership LLCs apply to this income in an equivalent manner. Particularly, if the S-Corp is managed from Portugal, it could be considered a tax resident in Portugal and thus not benefiting from the exemption.

When would S-Corps be a good structure?

When an S-Corp is very profitable, e.g. can legitimately pay a relatively small salary and relatively high distributions, it can be a better structure than a standard LLC. 

In such a specific scenario, the combined benefits on the US and the fact that it is slightly less likely that its status as a company will be questioned in Portugal, can give the S-Corp the edge.

However, these are rare occasions.

Bottom line

We believe that S-Corps are a ticking time bomb. 

There are many people not following the correct treatment who are under enormous risk of future audits in Portugal going 4 years backwards.

for those who have any flexibility, we generally do not favour S-Corps and recommend to sacrifice the social security benefits in exchange for a much more straight forward structure.

The day has arrived and our much anticipated tax calculator for expats is finally up and running. Our tax calculator is the first product to estimate taxes for expats under the NHR scheme. There is nothing quite like it.

But estimating taxes is not enough. Eventually, a tax return need to be filed and at Fresh we designed the best-in-class tax return filing service, designed around our calculator.

Early on in our journey, we consulted our clients and the expat community and a large majority told us that they would not feel comfortable self-filing their taxes. Further conversations have made it clear that nearly everyone filing their taxes in Portugal would want to consult a tax lawyer before doing so. We therefore made it a standard part of our service. 

Our tax filing package (500 Euros)

Our most common tax return and is meant for people with income streams that include income from work, profits and investments. 

Once you book our service, we will ask you to provide us your income information and personal details and will book a consultation with a tax attorney to discuss it. 

This will be followed by filing and reporting the tax return.

Our standard packages do not include responding to queries from the tax authorities, arguing with them or taking them to court.  

Fresh Membership  (125 Euros a month)

For people who have complex income, or people who need regular access to tax services, including people who are self-employed in Portugal and need to file VAT and social security reports, we designed a membership package that includes the tax return but also ongoing consultancy. 

Next steps

The next step would be to book a package with us. If you are not sure about which package you need, do not worry, you can change it later. 

One of the most important tools in the toolbox of the tax advisor is identifying income from intellectual property. Tax planning that takes advantage of intellectual property is very common at big corporate level, but unfortunately, rarely utilised when it comes to individual taxpayers due to the niche expertise needed in both tax and intellectual property. 

The two most important principles of taxation is tax residency and the source of the income. The NHR in Portugal exempts most types of foreign sourced income. This leads to a great deal of planning that focuses on using non Portuguese companies and taking dividends out of these companies as an alternative to incorporating in Portugal.

Such structures have risks that need to be mitigated as part of planning. These risks have to do with both the residency of the company and the sourcing of the income.

Companies that are managed from Portugal could be considered residents in Portugal. 

Income generated from work in Portugal could be considered Portuguese-sourced. 

Whilst foreign companies remain one of the most important pillars of tax planning, foreign-based structures that are not based on a genuine trade outside of Portugal require a high level of risk mitigation.

Intellectual property, however, can give rise to royalty income. Royalty income falls under the NHR and will not be taxed in Portugal if it is sourced in the other country and can be taxed in the other country. The vast majority of the double taxation treaties that Portugal is a party to provides for possible (very low) taxation of royalties so foreign royalties are almost always exempt from taxation in Portugal. 

However, the truly great benefit of royalties is that the typical clause in the double taxation treaty sets out that the location of the payer has preference in determining where the income was source. This is in sharp contrast to income from work, which is sourced where the work is physically done.

The outcome is that if someone living overseas pays a person to use their intellectual property, the income is genuinely foreign sourced and issues of sourcing and residency should not arise.

It is very common in the course of trade that businesses own intellectual property - this could be brands, websites, copyrighted materials, software etc. However, small businesses tend to ignore the existence of such intellectual property rather than charge for using it. It is often the case that income that is classified as self-employment or employment income is actually wrongly classified and in fact, some of the income relates to intellectual property owned by the taxpayer. Identifying such intellectual property and assigning an appropriate value to it can be extremely powerful and open up exciting tax planning opportunities.

A lot of confusion arises from the definition of "Foreign sourced income" and "Portuguese-sourced income". 

For our readers' benefit, the view of the Portuguese authorities of what constitutes Portuguese sourced income is defined in Article 18(1) of the IRS code which is brought hereby fully, followed by a machine translation to English.

It should be noted that the definition in Portuguese law of Portuguese sourced income is at times at odds with the double taxation treaty that Portugal is part of. In such an event, it is expected that the authorities will respect the double taxation treaty.

In Portuguese:

Artigo 18.º
Rendimentos obtidos em território português

1 - Consideram-se obtidos em território português:

a) Os rendimentos do trabalho dependente decorrentes de atividades nele exercidas, ou quando tais rendimentos sejam devidos por entidades que nele tenham residência, sede, direção efetiva ou estabelecimento estável a que deva imputar-se o pagamento;

b) As remunerações dos membros dos órgãos estatutários das pessoas coletivas e outras entidades, devidas por entidades que nele tenham residência, sede, direção efetiva ou estabelecimento estável a que deva imputar-se o pagamento;

c) Os rendimentos de trabalho prestado a bordo de navios e aeronaves, desde que os seus beneficiários estejam ao serviço de entidade com residência, sede ou direção efetiva nesse território;

d) Os rendimentos provenientes da propriedade intelectual ou industrial, da prestação de informações respeitantes a uma experiência adquirida no setor comercial, industrial ou científico, ou do uso ou concessão do uso de equipamento agrícola, comercial ou científico, quando não constituam rendimentos prediais, bem como os derivados de assistência técnica, devidos por entidades que nele tenham residência, sede, direção efetiva ou estabelecimento estável a que deva imputar-se o pagamento;

e) Os rendimentos de atividades empresariais e profissionais imputáveis a estabelecimento estável nele situado;

f) Os rendimentos que não se encontrem previstos na alínea anterior decorrentes de atividades profissionais e de outras prestações de serviços, incluindo as de carácter científico, artístico, técnico e de intermediação na celebração de quaisquer contratos, realizadas ou utilizadas em território português, com exceção das relativas a transportes, telecomunicações e atividades financeiras, desde que devidos por entidades que nele tenham residência, sede, direção efetiva ou estabelecimento estável a que deva imputar-se o pagamento;

g) Outros rendimentos de aplicação de capitais devidos por entidades que nele tenham residência, sede, direção efetiva ou estabelecimento estável a que deva imputar-se o pagamento;

h) Os rendimentos respeitantes a imóveis nele situados, incluindo as mais-valias resultantes da sua transmissão;

i) As mais-valias resultantes da transmissão onerosa de partes representativas do capital de entidades com sede ou direção efetiva em território português, incluindo a sua remição e amortização com redução de capital e, bem assim, o valor atribuído aos associados em resultado da partilha que, nos termos do artigo 81.º do Código do IRC, seja considerado como mais-valia, ou de outros valores mobiliários emitidos por entidades que aí tenham sede ou direção efetiva, ou ainda de partes de capital ou outros valores mobiliários quando, não se verificando essas condições, o pagamento dos respetivos rendimentos seja imputável a estabelecimento estável situado no mesmo território;

j) As mais-valias resultantes da alienação dos bens referidos na alínea c) do n.º 1 do artigo 10.º, quando nele tenha sido feito o registo ou praticada formalidade equivalente;

l) As pensões devidas por entidade que nele tenha residência, sede, direção efetiva ou estabelecimento estável a que deva imputar-se o pagamento;

m) Os rendimentos de atos isolados nele praticados;

n) Os incrementos patrimoniais não compreendidos nas alíneas anteriores, quando nele se situem os bens, direitos ou situações jurídicas a que respeitam, incluindo, designadamente, os rendimentos provenientes de operações relativas a instrumentos financeiros derivados, devidos ou pagos por entidades que nele tenham residência, sede, direção efetiva ou estabelecimento estável a que deva imputar-se o pagamento;

o) Os rendimentos derivados do exercício, em território português, da atividade de profissionais de espetáculos ou desportistas, ainda que atribuídos a pessoa diferente.p) As mais-valias resultantes da transmissão onerosa de partes de capital ou de direitos similares em sociedades ou outras entidades, não abrangidas pela alínea i), quando, em qualquer momento durante os 365 dias anteriores, o valor dessas partes de capital ou direitos resulte, direta ou indiretamente, em mais de 50 %, de bens imóveis ou direitos reais sobre bens imóveis situados em território português, com exceção dos bens imóveis afetos a uma atividade de natureza agrícola, industrial ou comercial que não consista na compra e venda de bens imóveis. (Aditado pela Lei n.º 114/2017, de 29 de dezembro)

q) As mais-valias resultantes de cessão onerosa de direitos, de qualquer natureza, sobre uma estrutura fiduciária, desde que, em qualquer momento durante os 365 dias anteriores à transmissão, o valor dessa estrutura resulte, direta ou indiretamente, em mais de 50 % de bens imóveis ou direitos reais sobre bens imóveis situados em território português. (Redação da Lei n.º 12/2022, de 27 de junho)
2 - Entende-se por estabelecimento estável qualquer instalação fixa ou representação permanente através da qual seja exercida uma das atividades previstas no artigo 3.º

3 - É aplicável ao IRS o disposto nos n.os 4 e 5 do artigo 4.º e nos n.os 2 a 11 do artigo 5.º, ambos do Código do IRC, com as necessárias adaptações. (Redação da Lei n.º 75-B/2020, de 31 de dezembro)

In English:

Article 18.
Income obtained in Portuguese territory

1 - The following are considered to be obtained in Portuguese territory:

a) Income from dependent work [employment - Fresh comment] arising from activities carried out there [in Portugal - Fresh comment], or when such income is owed by entities that have their residence, head office, effective management or permanent establishment to which the payment [in Portugal - Fresh comment];

b) Remunerations of members of statutory bodies of legal persons and other entities, owed by entities that have their residence, registered office, effective management or permanent establishment to which the payment must be attributed; [this relates for example to payment to directors of Portuguese companies, even if NOT located in Portuguese territory - Fresh comment]

c) Income from work provided on board ships and aircraft, provided that their beneficiaries are at the service of an entity with residence, head office or effective management in that territory [Portugal - Fresh comment];

d) Income from intellectual or industrial property, from the provision of information regarding experience acquired in the commercial, industrial or scientific sector, or from the use or concession of the use of agricultural, commercial or scientific equipment, when they do not constitute property income, as well as as the derivatives of technical assistance, owed by entities that have their residence, headquarters, effective management or permanent establishment [In Portugal - Fresh comment] to which the payment must be attributed;

e) Income from business and professional activities attributable to a permanent establishment located therein [in Portugal - Fresh comment];

f) Income that is not provided for in the previous paragraph arising from professional activities and other services, including those of a scientific, artistic, technical and intermediation nature in the celebration of any contracts, carried out or used in Portuguese territory, with the exception of those relating to transport, telecommunications and financial activities, provided that they are owed by entities that have their residence, head office, effective management or permanent establishment to which the payment must be attributed;

g) Other income from investing capital owed by entities that have their residence, head office, effective management or permanent establishment to which the payment must be attributed;

h) Income from real estate located therein, including capital gains resulting from their transfer;

i) Capital gains resulting from the onerous transfer of shares representing the capital of entities with head office or effective management in Portuguese territory, including their redemption and amortization with capital reduction, as well as the value attributed to associates as a result of the sharing that, under the terms of article 81 of the IRC Code, is considered as a surplus value, or of other securities issued by entities that have their registered office or effective management there, or even of shares of capital or other securities when, not if these conditions are met, the payment of the respective income is attributable to a permanent establishment located in the same territory;

j) Capital gains resulting from the sale of the assets referred to in subparagraph c) of paragraph 1 of article 10, when the registration has been made or an equivalent formality has been carried out;

l) Pensions owed by an entity that has its residence, head office, effective management or permanent establishment to which the payment must be attributed;

m) Income from isolated acts performed therein;

n) Equity increases not included in the preceding paragraphs, when the assets, rights or legal situations to which they relate are situated, including, in particular, income from operations relating to derivative financial instruments, due or paid by entities that have their residence there , head office, effective management or permanent establishment to which the payment must be attributed;

o) Income derived from the exercise, in Portuguese territory, of the activity of entertainment professionals or sportsmen, even if attributed to a different person.p) Capital gains resulting from the onerous transfer of shares of capital or similar rights in companies or other entities, not covered by subparagraph i), when, at any time during the previous 365 days, the value of those shares of capital or rights results, directly or indirectly, in more than 50%, of immovable property or rights in rem over immovable property located in Portuguese territory, with the exception of immovable property allocated to an agricultural, industrial or commercial activity that does not consist of the purchase and sale of real estate. Added by Law No. 114/2017, of December 29)

q) Capital gains resulting from the onerous assignment of rights, of any nature, over a fiduciary structure, provided that, at any time during the 365 days prior to the transfer, the value of this structure results, directly or indirectly, in more than 50 % of immovable property or rights in rem over immovable property located in Portuguese territory. (Writing of Law No. 12/2022, of June 27 )
2 - A permanent establishment is any fixed installation or permanent representation through which one of the activities provided for in article 3 is carried out
- The provisions of paragraphs 4 and 5 of article 4 are applicable to the IRS and in paragraphs 2 to 11 of article 5, both of the IRC Code, with the necessary adaptations. (Writing of Law No. 75-B/2020, of December 31)

Fresh Portugal, a Portuguese desk of an international law group specialising in taxation, has announced registration for early access to FreshReturns, a tax return product designed specifically for expats benefiting from the NHR scheme.

The service, now open for early access for a limited time, is the first of its kind and is meant to resolve the many confusions and inaccurate tax reporting in the expat community.

Everyone living in Portugal with foreign income needs to file a tax return at the end of each tax year in Portugal.

Due to the complexity of the NHR scheme, filing a correct tax return in Portugal is almost an impossible mission. Expats with income sources such as LLCs, limited companies or S-Corps often find themselves puzzled in front of the Portuguese annual statement wondering what to do and high streets accountants without deep understanding of corresponding systems are often unable to offer reliable help.

Fresh Portugal already helps hundreds of expats, primarily those on high income, to plan their taxation. To support all expats, Fresh has already Joana the tax bot, an automated chatbot that provides basic advice to expat on taxation in Portugal. With the launch of FreshReturns, Fresh Portugal is completing its offering to all expats in Portugal.

Portugal offers a lot of wonderful things - great weather, beaches, food, safety, golf, friendly culture, relaxed pace of life. Portugal has always been high on the list of choices of places to retire to, but in recent years, Portugal also became one of the trendiest place for many groups - digital nomads, remote workers, surfers, young families. Most recently, it was discovered by Americans who are moving to Portugal in masses.

Despite all of Portugal's many virtues, Portugal probably would not have had such success attracting expats if not for taxes. Two major issues woo money-savvy expats to come to Portugal - no tax on crypto gains, which is likely to change soon, and the NHR program. 

A google search of the NHR program will surface many articles. There is no shortage of information but even savvy readers will end up more confused after reading some of it. The information on the NHR system is inconsistent and often wrong. 

Things do not get better when seeking advice. Expats trying to understand how taxation truly works are often puzzled by the fact that different tax advisor tell them different things and some who have ventures into the tax authority offices to try and ask the officials were equally confused - even the tax authorities don't know how NHR really works.

So is Portugal a low tax country for expats? Yes, no and definitely maybe.

Why Yes?

The NHR framework differentiates between different streams of income. Generally, most types of foreign-sourced income are exempt from taxation so long as the income comes from a "legit" country (not black-listed) and so long as it is exposed to potential taxation in that country (even if no tax is charged).

Many people who come to Portugal own foreign companies or create them before coming to Portugal. The fact that "foreign-sourced" income is usually exempt from taxation in Portugal allows them to claim the exemption on their tax return. Theoretically, the tax authorities could challenge many of these tax returns but in reality, they do not. Most tax returns are accepted and so, income from foreign companies (including US LLCs) flows to their owners without taxation in Portugal. This could lead and often leads to a very tax-friendly environment.

Why not? 

Whilst some of the income that expats are generating and are paying themselves from companies is indeed genuine passive income, much of it is not and the foreign companies are in fact a channel to pay people money that they earned from work. Such income is not exempt from taxation under the NHR

There are multiple ways that the tax authorities could use to attack company structures, leading to taxation that is not particularly low. The fact that the Portuguese authorities are not conducting many audits and are not aggressively using the options afforded to them by the law is not a fact of nature. There is little enforcement now but this could change tomorrow, leading to huge potential exposure.

Definitely maybe

Perhaps the best way to answer the question above is by highlighting the uncertainty. Portugal's tax regime is complex, includes multiple grey areas, is applied inconsistently and is rarely enforced. Even the very few decisions implementing the NHR law are not binding on future courts or tax inspectors so "anything can happen" is the most correct answer. 

Navigating uncertainty

People who come from jurisdictions with relatively clear rules and binary answers find it rather overwhelming to try to navigate the uncertainty. 

Unfortunately, the local community of accountants and tax lawyers are completely overwhelmed by the amount, complexity and intensity of the new expat migration. The Portuguese legal and financial services industry is still mostly made primarily of generalists. Neighbourhood lawyers who deal with property, commercial matters and occasionally a tax issue are suddenly asked to understand what is an LLC or an S-Corp and suggest how it would be taxed. Accountants who have dealt primarily with domestic clients discover an influx of clients just because they can communicate well in English, but their questions are complex and nuanced and are truly, hard work.

The outcome is that many expats end up never receiving good advice, never having clarity and essentially, move to Portugal and assume considerable tax risks. 


The author is an international tax lawyer who advises expats on their move to Portugal. He is the creator of the Joana tax bot and offers a dedicated tax filing service designed specifically for expats.

Many people who are used to operating as employees or self-employed are sometimes worried about trading via a company, such as an LLC. 

In fact, trading as a company is really easy and has the benefits of a more organised way to conduct business.

Here are the tools we recommend for trading as a company:

Xero - we recommend creating an account with Xero ( Xero is a modern, award-winning accounting software. 

After creating an account, you could create invoices and send them to your clients.

Wise - Wise (previously Transferwise) offers bank-like and currency conversion services. Wise could be linked to Xero as a bank account (each currency is a separate account).

Dext - Dext simplifies and automates the process of converting paper receipts into bills that can later easily be reported as expenses. Dext can be linked to Xero as well.

That's it! This is all you need to run a successful business via a company!

Since Portugal does not tax dividend income and potentially other distributions under the NHR regime so long as it could be taxed in the other country (which is normally the case), it has been attractive for people benefitting from this regime to trade via foreign companies and extract distributions, as an alternative to incurring employment or self-employment income which is both taxed in Portugal and is subject to the list of high value professions. 

The risks of this approach have been the subject of much discussion. Essentially, a foreign company that incurs profits in Portugal could be taxed for these profits and this outcome can be achieved in a number of ways, including treating the company as Portuguese tax resident or concluding that the company has a permanent establishment in Portugal. 

It is generally true that the more substance the company has overseas, the lower these risks. One strategy which has been common in the past is appointing nominee directors overseas. These are people who act under direction of the owners without any true authority. In our mind,  appointing a person who knows nothing about the company can do more damage than good. In a thorough tax inspection, it is all but admission that the incorporation of the company is meant for tax reduction. 

In our mind, the best structures are real one. A company that includes true partners in other jurisdiction with real authority to make important decisions and with economic sense and history is the way to go.

Naturally, not all companies have foreign managers. 

At Fresh, we offer a management service through a separate company (FreshOps Limited) created for this purpose to support companies wishing to introduce a true, substantive, international element to their trade and improve their operations and compliance. 

Some people attempt to create an image of management overseas by "naming someone who lives in another country" as a manager, often a family member or a nominee lawyer who knows nothing about the company. In our view, trying to present an artificial and false image of management that carries no true substance will not survive scrutiny and could in fact make things worse. 

It is possible that a company will be managed from another country, but it needs to be a real structure

We call our management service Fresh Ops. We created a management consultancy that is run by one of our members in the UK and brings together some of the brightest minds, executives with decades of experience running companies, to create a "board for hire" for your company. 

FreshOps is given management powers and it is  responsible to identify people with the requisite experience in supporting your company, assemble regular meetings of the board of directors (or managers in the event of LLCs), identify the important decisions that need to be made in the company's life, vote on them and implement them. Board (or management) meetings are normally convened physically in our offices in the UK 4 times a year.

We also accept responsibility to negotiate and sign contracts on behalf of the company (one would note that managers retaining a right to sign contracts risk being seen as a permanent establishment). 

During board meetings, facts are presented, a discussion is had and decisions are made. 

Board meetings are documented and we produce minutes showing proper compliance and management. 

Whilst the shareholders/owners remain in ultimate control of the company, our involvement in a company is made to improve its management style, introduce proper decision-making mechanisms and improve the outcomes of company contracts. 

Although board meetings are minuted, the discussions between us and the company owners are confidential.

We do not believe in management without substance and therefore, the service offered by Fresh Ops is not a cheap service and we can only accept so many companies. It is also not designed just for people who want to shift tax residency. It is designed for people who want to improve their companies by introducing robust management and decision making strucutures. 

At the same time, we believe that Fresh Ops is defensible to any tax authority that considers place of effective management.

  • Rua Saraiva de Carvalho 148 R/C, Lisbon, Portugal

Please do not use this form to send us your questions about taxation in Portugal. If you want a consultation, please book here: