Imagine living somewhere where urban and rural life are intertwined, giving residents the best of both worlds.
To live in the Municipality of Machico is to be able to be close to nature, interact with the environment and make it an integral part of daily life. In the morning, in afternoon or at night...
To work in Machico is to work in a city that is constantly evolving. With support services that meet current needs and the largest financial platform in Portugal, rife with business opportunities.
To have non-habitual residence in Machico is to benefit from the tax advantages provided by the Portuguese state and to be part of a municipality that cares for its residents and all those who choose to live there.
To reside in Machico is to be part of the history of the Island and live among seafaring people. The sea of discovery and sea that feeds and molds the local cuisine.
To live in Machico is to have access to diverse recreational spaces, where the Marinas invite you to set sail, the golf course connects with the profound landscape, the sports parks challenge you, the beaches appeal to families and local traditions maintain the rich cultural heritage.
To breathe Machico is to feel the Laurissilva forest, enjoy the art of geology, feel the waves on a surfboard and pedal along the best tracks in the region.
Living in Machico is all this and more...
In the case of dependent or independent work, the applicable tax rate is 20%.
Taxation applies to income derived from high added value activities of a scientific, artistic or technical nature:
Registration as a Non-Habitual Resident confers the right to be taxed as such for a period of 10 years as from the year of registering as a tax resident in Portuguese territory.
In the case of pensioners and retired people when:
In the case of income derived from employment, when:
In the case of income from self-employment (through the provision of services of a high added value, of a scientific, artistic or technical nature, or through intellectual or industrial property, investment income, rental income, capital gains income or other increases in equity), when: