Portugal’s IFICI Tax Regime: 0% on Global Income*. 20% Flat on Portuguese Income.
The NHR is gone. IFICI replaced it. If you haven’t been a Portuguese tax resident in the past 5 years, you may qualify for 10 years of tax benefits. Here’s how it works.
* Pension income may be taxed differently. Some jurisdictions are blacklisted. Always consult a qualified tax advisor for your specific situation.
How IFICI Compares to Where You Are Now
Top marginal personal income tax rates (2026). The difference speaks for itself.
Source: Tax Foundation, “Top Personal Income Tax Rates in Europe, 2026” (February 9, 2026), by Alex Mengden.
What’s Required and What You Get
†Ventures.eu helps to meet this requirement. We help to place you in a qualifying board role with a certified Portuguese startup from our portfolio.
Who This Is For
Beyond the tax benefit — the IFICI scheme through Ventures.eu connects you to Portugal’s startup ecosystem. You take a board role with a certified Portuguese startup, support early-stage founders, and give back to the community that welcomes you.
Post-Exit Founders
You’ve had or are approaching a liquidity event, and you’re thinking about where to base yourself next. IFICI means 0% on global income while you figure out the next thing from Portugal.
Global C-Suite
Whether you’re active or between roles, you already operate across borders. A 20% flat rate on Portuguese income and 0% on everything else is hard to ignore.
Expat-Curious Professionals
You’re already looking at Europe for the lifestyle. IFICI turns that into a smart financial move too, not just a quality-of-life one.
About the Fund
Ventures.eu is a CMVM-regulated venture capital fund based in Portugal. Our team has spent 10+ years evaluating over 24,000 startups across European markets, investing in the top 2%. With a 60/40 split between Portuguese and broader European companies, our portfolio includes a strong pipeline of certified startups with roles that can qualify investors for IFICI eligibility.
Check Your Eligibility
Fernando Ferreira, General Partner at Ventures.eu, offers a 30-minute confidential call to walk through your situation and tell you whether IFICI makes sense for you.
No commitment. No cost. Just clarity on whether this makes sense for you.
Book a Call with FernandoEligibility for the IFICI tax regime depends on individual circumstances, including residency history, qualifying activity, and regulatory approval by the Portuguese tax authorities. Tax rules are subject to change. This page is for informational purposes only and does not constitute tax, legal, or financial advice. Always consult a qualified tax advisor before making decisions based on this information. Ventures.eu, Sociedade de Capital de Risco, S.A. is a registered venture capital fund in Portugal and does not provide tax or legal advice.
1 France (55.4%): Combines the 45% top statutory bracket with surtaxes on high incomes — 3% on income exceeding €250,000 (single) / €500,000 (couple), and 4% above €500,000 (single) / €1,000,000 (couple). A differential contribution on high incomes (CDHR) may also apply from 2025 onward. Social charges (CSG/CRDS) are excluded.
2 Sweden (52.3%): Combines municipal income tax (~30–35%, varying by municipality) with a 20% state income tax on earned income exceeding SEK 643,000 (2026). The top marginal rate was reduced from ~55% to ~52% effective January 2025 via changes to the job tax credit.
3 Germany (47.5%): Combines the 45% top bracket (“Reichensteuer,” applying above €277,825) with the 5.5% solidarity surcharge on income tax. Most taxpayers are exempt from the surcharge; it applies only to those with income tax liability above ~€20,350.
4 United Kingdom (45.0%): This is the “additional rate” applying to income above £125,140 (England, Wales, Northern Ireland). Scotland sets its own rates, with a top rate of 48%.
All rates reflect combined central and sub-central top personal income tax rates and surtaxes. Social security contributions are not included.
* Pension income may be taxed differently. Some jurisdictions are blacklisted. Always consult a qualified tax advisor for your specific situation.
