Yes, looks like it. But he makes it clear that anyone who already benefits from the regime will continue benefiting until their 10 years are up.
The exact timing isn’t clear either, just mentioning 2024.
If you’ve been wanting to utilize the scheme it may be prudent to register as resident of Portugal by the end of this year and apply for the NHR treatment by March next year by end of 2023 (to be on the safe side).
Though you are not wrong, it’s better to get it done ASAP, I would not be surprised if it took a while to sort out. I mean, look how long it took them to make changes to the golden visa after proposing them. 6-8 months at a minimum?
Surely one would have to have some kind of residency visa before registering for NHR? Are you saying that the only requirement is to have a NIF and a residence of some kind in Portugal that one could claim as one’s principal residence?
Yes, that’s my understanding and practical experience too.
Just to note that you don’t have to claim that you have a ‘principal residence’ in order to get registered by AT.
Again, refer to the definition of the tax residency in the Portugal law, this would explain things better than I do.
I recommend though to perform the registration via your lawyers. My first attempt was by myself in person at an AT office but it failed.
I’m not sure, wouldn’t this require you to start filing taxes in Portugal? Seems like a lot of extra paperwork unless you’re sure you will benefit from NHR later.
Tax residency in a whole extra country is not something to take on lightly. You may find you have some income sources that are untaxed or have low taxes in your home country, but now you have to pay PT high taxes on them.
At very least you should consult with an international tax expert before doing this.