What are the key takeaways from Nick Robinson’s discussions with tax expert Ricardo Chaves on TISRI?

Nick Robinson and tax expert Ricardo Chaves had an in-depth discussion about TISRI, which stands for Tax Incentive for Scientific Research and Investigation. Here are the key takeaways:

• TISRI is a new tax benefit system in Portugal, aimed at digital nomads, remote workers, and high-skilled professionals.
• Unlike the Non-Habitual Residency (NHR) scheme, TISRI is not open to everyone. Eligibility requires specific professional qualifications.
• TISRI offers a 10-year tax exemption on foreign income, and income from TISRI is taxed at a flat rate of 20%.
• Setting up a company in Portugal can qualify you for TISRI, but pension income is not exempt under this scheme.
• The application process is electronic and must be completed annually. New residents cannot have been tax residents in the last five years.

Would you like to know more about the application process or the specific qualifications required for TISRI?