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

Check out my Instagram on https://www.instagram.com/algarveaddicts - I enjoy a little bit of Insta!

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

Visit Meinke’s gallery in Portimão: https://g.co/kgs/eWsP8yt

Discover her work: https://www.meinke-flesseman.com/my-work

In this episode of the Algarve Addicts Podcasts, Meinke Flesseman shares her artistic journey, from her childhood in the Algarve to her experiences in various art education settings across Europe. She discusses the influence of her environment on her creativity, the evolution of the art scene in the Algarve, and her vision for her gallery in Portimão, which serves as a hub for artistic expression and community engagement.

Chapters

00:00 Introduction and Life in Portimão

02:54 Journey to Portugal and Family Background

05:55 Growing Up in the Algarve

09:04 Influence of Environment on Artistic Development

12:00 Art Education and Diverse Influences

15:13 Creative Response to Seasons

18:00 The Art Scene in the Algarve

21:00 Establishing a Gallery and Community Engagement

25:51 Challenges of Running a Gallery in the Algarve

28:00 Cultural Insights and Language Barriers

29:06 Navigating Bureaucracy and Community Integration

35:42 The Impact of Expat Communities

36:20 Future Projects and Artistic Directions

39:15 Advice for Newcomers to the Algarve

➣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

Check out my Instagram on https://www.instagram.com/algarveaddicts - I enjoy a little bit of Insta!

#portugal #expat #portugalliving #algarveartists #artistsinalgarve #portugalartists #meinkeflesseman

Get involved with Lenz and local.foundation: https://local.foundation/

In this episode of the Algarve Addicts Podcasts, mentor and community builder Lenz Gschwendtner shares his journey from Germany to New Zealand and finally to the Algarve, where he has become a key figure in building community and startup ecosystems.

Together, we discuss the importance of intentional community building, the challenges of entrepreneurship in Portugal, and the role of local.foundation in connecting various community efforts. Lenz emphasizes the need for inclusivity in the startup scene and the potential for impactful collaborations between locals and newcomers. He also offers practical advice for those looking to relocate to Portugal, highlighting the importance of finding and investing in community.

Takeaways

The Algarve offers a unique environment for startups and digital nomads.

Community events are essential for fostering connections and collaboration.

Local.Foundation aims to map and enhance the startup ecosystem in the Algarve.

Inclusivity is key in building a thriving entrepreneurial community.

Impact Hackers brings diverse individuals together for social good.

Discoverability of events is a challenge that needs addressing.

Entrepreneurship in Portugal faces bureaucratic hurdles but is possible.

Newcomers should actively seek out and invest in local communities.

Chapters

00:00 The Cap and Its Significance

02:21 Journey to the Algarve

05:28 Building Community in the Algarve

09:46 Local.Foundation: Ecosystem Building

12:39 Impact Hackers: Bridging Communities

17:00 Harnessing Local Expertise

20:51 Discoverability and Community Events

24:37 The Startup Landscape in the Algarve

30:54 Challenges of Entrepreneurship in Portugal

34:51 Advice for Newcomers to 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

Check out my Instagram on https://www.instagram.com/algarveaddicts - I enjoy a little bit of Insta!

#portugal #expat #portugalliving #localimpact #algarveentrepeneurship #algarvestartups #algarveliving

In this episode, Nick and Nick delve into the complexities of the housing crisis in Portugal, examining the roles of foreign buyers, local sellers, and government policies. It discusses the perceptions of immigration and its impact on the housing market, while also addressing the political landscape and future immigration policies.

The takeaway? We need a nuanced understanding of these issues - all of them are interconnected, none of them are an island.

Chapters

00:00 Understanding the Housing Crisis in Portugal

04:24 The Role of Immigration in Housing Prices

12:11 Political Landscape and Immigration Perceptions

16:35 Economic Factors Influencing Housing Market2

0:08 Future of Immigration Policies in Portugal

➣ CONTACT US for relocation assistanceGet on a free discovery call and we can outline how we can work with you.https://www.algarveaddicts.com/contactCheck out my Instagram on https://www.instagram.com/algarveaddicts - I enjoy a little bit of Insta!#portugal #expat #portugalliving #bankaccountportugal #visaportugal #movingtoportugal #portugalexpat

Get to know Barbara’s work: https://barbaragrassey.com/ Follow her Substack: https://barbaragrassey.substack.com/p/welcome-to-my-expat-golden-girl-lifeIn this episode of the Algarve Addicts Podcast, Barbara Grassey shares her journey of relocating from the United States to Portugal, detailing her experiences with cultural adjustments, language barriers, and the importance of community. She reflects on her initial motivations for moving, the challenges she faced in adapting to a new environment, and the joy of finding a sense of belonging in Santa Luzia. Barbara also provides insights into the expat community, healthcare, and the importance of doing thorough research before moving. Additionally, she discusses her writing career, including her upcoming book and her experiences as a ghostwriter and book coach.➣CONTACT USFor a free discovery call and we can outline how we can work with you.https://www.algarveaddicts.com/contactCheck out my Instagram on https://www.instagram.com/algarveaddicts , I enjoy a little bit of Insta!#algarve #algarveportugal #portugal #expat #expatlife

In this episode of the Algarve Addicts video podcast, Nick Robinson sits down with Claire and Hadrien, the dynamic duo behind the innovative Pomar Coliving space in the Algarve. Together, they share their inspiring journey of creating a vibrant co-living community that caters to the needs of remote workers.

Their story underscores the value of community and local integration, providing a glimpse into the changing landscape of the Algarve, particularly in the town of Olhão.

Chapters

00:00 Introduction to Claire and Hadrien

02:16 The Journey to Co-Living in the Algarve

06:17 Roots and Authenticity in the Algarve

09:15 Challenges of Moving to Portugal

14:24 Understanding Co-Living and Community

21:34 Growth and Community Engagement in Co-Living

25:17 The Transformation of Olhão

➣ 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

#colivingalgarve #portugaldigitalnomads #algarveentrepreneurship

Join Nick Smith and Tiago from BankInter as they dive into the world of banking in Portugal. Tiago, with over 15 years of experience, shares his insights on the ease of setting up bank accounts and the advantages of traditional banks.

From personal to company accounts, discover how straightforward banking can be with the right guidance. Learn about the challenges, solutions, and why traditional banks might be the safer choice for your financial needs in Portugal.

Contact Tiago and start your journey to Portugal today:Tiago FigueiredoDiretor de Conta Negócios • European Investment PractitionerT +351 289 359 426 • M +351 910 056 722tiago.figueiredo@bankinter.com

Chapters

00:00 Introduction

00:38 Tiago and BankInter’s Introduction

02:02 Banks as allies to your business and daily life

04:38 Opening a bank account for the Visa process

06:42 What do you need to open a bank account?

10:00 Contingencies

11:07 Is Power of Attorney enough to open a bank account?

12:50 Flagged countries and restrictions

15:52 Closing an account

16:57 Types of accounts and fees

19:11 Neobanks vs. Traditional Banks

19:33 How to contact Tiago

➣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

#portugal #expat #portugalliving #bankaccountportugal #visaportugal #movingtoportugal #portugalexpat

Join Nick Smith as he sits down with Alejandro, a seasoned mortgage broker, to unravel the intricacies of securing a mortgage in Portugal. Alejandro shares his wealth of experience, offering valuable insights into why using a broker can be more advantageous than going directly to a bank.

The conversation delves into the unique challenges non-residents face, the essential documentation required, and the exciting possibilities of financing land and construction projects.

With a touch of humor and plenty of practical advice, this episode is a must-listen for anyone considering a move to Portugal.

Chapters

00:00 Introduction

00:48 Alejandro's introduction and company overview

01:30 Why a Broker over a Bank?

04:42 Specificities for self-employed professionals and business owners

05:28 How many banks are there in Portugal (and how to choose the best)?

06:26 The process for foreign people: paperwork needed

10:59 Pre-approved mortgage amount

16:07 Duration of the process

17:52 The valuation of the property

20:40 Risk assessment

24:18 After the approval

26:09 Spread and mixed rates

28:41 Representation in opening the bank account

32:13 The next steps: possible scenarios

41:57 Conclusion

➣ 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