Labor & Taxes
How Early Should You Start Financial Planning Before Moving to Portugal?
Financial experts recommend reviewing pensions, investments, tax liabilities, and estate planning six to twelve months before relocating to Portugal. The article highlights that tax residency can be triggered by spending over 183 days in the country within a 12-month period or by maintaining a habitual residence, and notes that foreign financial products may not retain the same tax or regulatory benefits once you move.
Why it mattersIf you are planning to move to Portugal, reviewing your financial assets and tax status before you arrive can help you avoid unexpected tax liabilities, exit charges, or unfavorable currency exchange scenarios once you become a resident.
