Author - wassim hanchi

Modification to the Portuguese Citizenship Law

We wish to notify you that, on January 26th, after the parliamentary approval of the decree amending the citizenship law, the President of the Republic requested a precautionary review of the constitutionality of said decree.The President's request specifically pertains to Article 6 of the decree,...

Mercan Group to Invest 450M Euros in 8 New Lisbon & Algarve Hotels

In an anticipated move, Mercan Group disclosed plans to commence construction this year on multiple hotel projects, including Portugal's inaugural Hard Rock Hotel, set to grace Vau Beach. The Canadian conglomerate will inaugurate three hotels this year, solidifying their commitment to the country.Miguel Gomes,...

Non-Habitual Resident (NHR) regime

On the most recent Tuesday, which was the 14th of the month, a significant debate took place regarding the State Budget for the year 2024. The discussion primarily focused on the non-habitual resident regime. During this debate, the government introduced a proposal outlining a transitional...

Is the Era of the Portuguese NHR Regime Coming to a Close?

How the taxation for new residents may look in 2024The Non-Habitual Resident (NHR) regime is a beneficial tax regime that offers people who were not tax residents in Portugal for the past 5 years a more favorable Personal Income Tax (PIT) for a period of...