Last reviewed 1 january 2025

2025 Tax Guide – Favourable Tax Regimes

Favourable Tax Regimes

List of countries, territories and regions that provide a more favorable tax regime under Portuguese tax law.

Countries, territories and regions

Anguilla

Antigua and Barbuda

Aruba

Ascension Island

The Bahamas

Kingdom of Bahrain

Barbados

Belize

Bermuda

Plurinational State of Bolivia

Brunei Darussalam

Channel Islands (Bailiwicks of Guernsey and Jersey)

Cayman Islands

Cocos (Keeling) Islands

Cook Islands

Republic of Costa Rica

Republic of Djibouti

Commonwealth of Dominica

United Arab Emirates

Falkland Islands (Islas or Malvinas)

Republic of Fiji

Republic of The Gambia

Grenada

Gibraltar

Guam

Cooperative Republic of Guyana

Republic of Honduras

Hong Kong Special Administrative Region of the People's Republic of China

Jamaica

Hashemite Kingdom of Jordan

Qeshm Island (part of the Islamic Republic of Iran)

Republic of Kiribati

State of Kuwait

Labuan (Federal Territory of Malaysia)

Lebanese Republic

Republic of Liberia

Principality of Liechtenstein

Republic of Maldives

Isle of Man

Commonwealth of the Northern Mariana Islands

Republic of the Marshall Islands

Republic of Mauritius

Principality of Monaco

Monserrat

Republic of Nauru

Christmas Island

Niue

Netherlands Antilles

Norfolk Island

Sultanate of Oman

Pacific Islands not included elsewhere

Republic of Palau

Republic of Panama

Pitcairn Islands

French Polynesia

Commonwealth of Puerto Rico

State of Qatar

Solomon Islands

American Somoa

Independent State of Somoa

Saint Helena, Ascension and Tristan da Cunha

Saint Lucia

Federation of Saint Kitts and Nevis

Republic of San Marino

Saint Pierre and Miquelon

Saint Vincent and the Grenadines

Republic of Seychelles

Kingdom of Eswatini (formerly Swaziland)

Svalbard (Spitsbergen Archipelago and Bjornoya Island)

Tokelau

Kingdom of Tonga

Republic of Trinidad and Tobago

Tristan da Cunha

Turks and Caicos Islands

Tuvalu

Oriental Republic of Uruguay

Republic of Vanuatu

British Virgin Islands

United States Virgin Islands

Republic of Yemen

Netherlands Antilles (dissolved in 2010)

The contents presented are of a general and purely informative nature, not intended for any particular entity or situation, and do not replace obtaining appropriate professional advice for specific cases. PwC makes every effort to keep the 2025 Tax Guide updated; however, it cannot guarantee its up-to-date status at all times.
 
© 2025 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.

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Rosa Areias

Rosa Areias

Tax Lead Partner, PwC Portugal

Tel: Tel: +351 225 433 101

Catarina Gonçalves

Catarina Gonçalves

Tax Partner – Corporate & International Tax, PwC Portugal

Tel: +351 213 599 618

Francisco José Ancede

Francisco José Ancede

Tax Partner – Corporate & International Tax, PwC Portugal

Ana Luísa Costa

Ana Luísa Costa

Tax Partner – Corporate & International Tax, PwC Portugal

Tel: +351 225 433 101

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