Lisbon, Portugal
🇵🇹 Countries · current to September 2026

Portugal, for a high earner.

3 addresses in Portugal on the Patrician.ch board, ranked by what a $1M earner keeps. Lisbon leads at 49%.

In short, current to September 2026

  • Lisbon ranks first in Portugal, at 49% on $1,000,000 and ahead on the engine score (safety, schools, sun, beauty, cost and ease of entry). Quinta do Lago follows, then Cascais.
  • A resident pays about 28% on a capital gain in Portugal.
  • No address in Portugal carries an annual wealth tax.
  • Inheritance: Spouse and children exempt. Portugal charges 10% stamp duty on inheritance, but a spouse, children and parents are exempt.
  • Portugal runs a special regime for new arrivals: IFICI, the successor to NHR, gives qualifying new residents a 20% flat rate for 10 years.
  • Rules moved in May 2026: citizenship moved from 5 to 10 years of residence.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 48 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to September 2026. Updated . Cite as: Patrician.ch, Portugal for high earners 2026: 3 addresses ranked after tax, patrician.ch/countries/portugal/, September 2026.

Ranked

3 addresses in Portugal, by what a $1M earner keeps.

01
Lisbon 🇵🇹 Portugalkeeps $512K of $1M, gains 28%, safety 9 of 10, schools 7 of 10
49%
02
Quinta do Lago 🇵🇹 Portugalkeeps $512K of $1M, gains 28%, safety 9 of 10, schools 7 of 10
49%
03
Cascais 🇵🇹 Portugalkeeps $512K of $1M, gains 28%, safety 9 of 10, schools 8 of 10
49%
AddressTax on $1MKeptGainsWealth taxHeirsCost
Lisbon49%$512K28%NoneSpouse and children exempt62
Quinta do Lago49%$512K28%NoneSpouse and children exempt78
Cascais49%$512K28%NoneSpouse and children exempt74

Simplified marginal model, indicative 2026 brackets, non-US single filer. Wealth tax is the top rate. Cost is the Patrician.ch index where Zurich is 100.

Who gets in

The route into Portugal.

EU nationals register on arrival. The Golden Visa continues through a €500K fund investment, real estate no longer qualifies. Citizenship after 10 years of residence since May 2026, 7 for EU and CPLP nationals.

Residence by investment · 3 of 3Remote work visa · 3 of 3Founder & talent · 3 of 3

Portugal's passport scores 72.5 on the Henley 2026 mobility index. All 65 passports, ranked.

The regime for new arrivals.

IFICI, the successor to NHR, gives qualifying new residents a 20% flat rate for 10 years

Every regime for new arrivals, compared

Keep reading

Portugal, head to head.

Lisbon vs CascaisHead to headLisbon vs Quinta do LagoHead to headCascais vs Quinta do LagoHead to headLisbon vs MilanHead to headLisbon vs MadridHead to headLisbon vs BarcelonaHead to headLondon vs LisbonHead to headAthens vs LisbonHead to headTel Aviv vs LisbonHead to head

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Questions

The short answers.

Where should a high earner live in Portugal?

Lisbon ranks first in Portugal, at 49% on $1,000,000 and ahead on the engine score (safety, schools, sun, beauty, cost and ease of entry). Quinta do Lago follows, then Cascais.

Ties on tax are broken by the Patrician.ch engine score at its default weights (safety, schools, sun, beauty, cost and ease of entry). Your own income and passports can reorder the list.

How much income tax does a $1M earner pay in Portugal?

49% effective across the 3 addresses on the Patrician.ch 2026 model, single filer, before social contributions.

Portugal runs a special regime for new arrivals: IFICI, the successor to NHR, gives qualifying new residents a 20% flat rate for 10 years.

Does Portugal tax capital gains?

Yes.

A resident pays about 28% on a capital gain in Portugal, about $280K on a $1,000,000 gain.

Does Portugal have a wealth tax?

No. None of the 3 addresses in Portugal carries an annual wealth tax on the Patrician.ch model.

Does Portugal have an inheritance tax?

Spouse and children exempt in Portugal. Portugal charges 10% stamp duty on inheritance, but a spouse, children and parents are exempt.

Source: Código do Imposto do Selo, current to September 2026.

How does a foreigner get residence in Portugal?

EU nationals register on arrival.

The Golden Visa continues through a €500K fund investment, real estate no longer qualifies. Citizenship after 10 years of residence since May 2026, 7 for EU and CPLP nationals. Routes that matter for money: Residence by investment, Remote work visa, Founder & talent.

Are millionaires moving to Portugal?

Yes. Portugal saw a net inflow of 1,400 millionaires in 2025 on the Henley Private Wealth Migration Report, against +800 in 2024.

That is a country figure, not a city one. Henley's 2026 report published no new flow estimates, so 2025 is the latest.

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The general case, ranked: Where should high earners live in 2026 · Best country to live in if you are rich · Best countries for high earners after tax · Europe · United States · Americans moving abroad · Tax calculator

Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.

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