NO 19. Will Portugal replace Dubai? Taxes and residency in 2026

Can Portugal replace Dubai? Taxes and residency in 2026 - in this video, I explain why more and more people are looking at Portugal as a serious alternative to Dubai. I explain how the new Portuguese tax regime, IFICI, often referred to as NHR 2, works and who may qualify for preferential tax treatment. I also show when Portugal can be an attractive option for entrepreneurs, investors, and people planning to buy a second home abroad. In this video, I discuss the absence of wealth tax, no inheritance and gift tax within the closest family, and the potential exemption of foreign income, including capital gains. I also explain why not every structure will work and why Portuguese tax authorities may in the future look more closely at whether business activity is actually being carried out in Portugal. We also cover dividends, income from Dubai, jurisdictions considered tax havens by Portugal, and the exceptions that may be crucial when planning your wealth and tax residency. Taxes and residency in 2026 are not only about tax rates - they are also about safety, lifestyle, and where your real centre of life and business is located.