IFICI is Portugal’s new tax regime (0% foreign income tax | 20% flat local income tax) replacing NHR, and it’s attracting major interest from founders, investors and global professionals. But qualifying depends on doing the right thing, in the right order.

Portugal is once again at the center of a heated political debate — and if you hold a Golden Visa, are pursuing naturalization, or are advising clients who are, you need to pay close attention.

Even broad U.S. equity exposure is more concentrated than many realize. By late 2025, the 10 largest companies represented almost 40% of the S&P 500, and big tech alone accounted for roughly 36% of the index. That is a big concentration in a small number of companies, and a meaningful share of that valuation is tied to continued enthusiasm around AI.

Today’s global C-suite doesn’t “relocate.” They rebase strategically. CEOs, CFOs, CTOs and Managing Directors are running international teams, revenue streams, and innovation hubs across multiple markets.

Today’s global C-suite doesn’t “relocate.” They rebase strategically. CEOs, CFOs, CTOs and Managing Directors are running international teams, revenue streams, and innovation hubs across multiple markets.

For over a decade, SaaS was the undisputed king of venture capital. Predictable revenues, scalable distribution, and clean metrics made subscription software the safest growth story in tech. Then came AI - and with it, a structural break that many founders and investors are still underestimating.