TISRI: Portugal's NEW Tax Benefit System for Expats (Replacing NHR 2025) | Retirement Tax Savings Explained cover art

TISRI: Portugal's NEW Tax Benefit System for Expats (Replacing NHR 2025) | Retirement Tax Savings Explained

TISRI: Portugal's NEW Tax Benefit System for Expats (Replacing NHR 2025) | Retirement Tax Savings Explained

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Wondering if Portugal's new TISRI tax scheme could be your ticket to massive tax savings? In this episode, we sit down with tax expert Ricardo Chaves who breaks down everything you need to know about TISRI (Tax Incentive for Scientific Research and Investigation) and how it compares to the old NHR program that's being phased out.

Ricardo explains who qualifies for TISRI, how to apply, and the incredible tax benefits available for digital nomads, remote workers, and high-skilled professionals moving to Portugal. We also chat about how TISRI connects with the EFICI framework and what this means for your relocation plans in 2025.

If you're considering making the Algarve or anywhere in Portugal your home and want to understand these game-changing tax opportunities, this episode is essential listening. No complicated jargon, just straight talk about maximizing your financial situation when moving to Portugal.

Takeaways

TISRI is not open to everyone, unlike NHR.

Eligibility for TISRI requires specific professional qualifications.

TISRI offers a 10-year tax exemption on foreign income.

Setting up a company in Portugal can qualify you for TISRI.

Income from TISRI is taxed at a flat rate of 20%.

Pension income is not exempt under TISRI.

The application process is electronic and must be completed annually.

New residents cannot have been tax residents in the last five years.

Portugal remains an attractive destination for expatriates.

There are various tax deductions and allowances available.

Chapters

00:00 Introduction to TISRI and Its Importance

02:55 Differences Between TISRI and NHR

05:51 Eligibility Criteria for TISRI

09:05 Setting Up a Company for TISRI

11:48 Application Process and Requirements

14:58 Broader Implications of TISRI

17:52 Tax Benefits and Opportunities in Portugal

➣CONTACT US for relocation assistance

Get on a free discovery call and we can outline how we can work with you.

https://www.algarveaddicts.com/contact

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#PortugalTax #TISRI #EFICI #DigitalNomadPortugal #AlgarveLife #ExpatsInPortugal #PortugalRelocation #TaxBenefitsPortugal

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