List of Countries with Favourable Tax Regimes under Portuguese Tax Law
Updated in accordance with Portuguese Ordinance No. 150/2004 and subsequent amendments
What is this list about?
Portugal considers certain jurisdictions as offering more favorable tax regimes, commonly referred to as tax havens or low-tax jurisdictions.
This classification, established under Ordinance No. 150/2004, is used by the Portuguese Tax and Customs Authority (Autoridade Tributária e Aduaneira – AT) to apply specific anti-abuse rules in matters such as transfer pricing, CFC (Controlled Foreign Company) legislation, and other tax compliance contexts.
Entities or individuals with connections to jurisdictions on this list may be subject to stricter reporting requirements, higher tax rates, or limitations on tax benefits in Portugal.
List of Countries, Territories and Regions
- Anguilla
- Antigua and Barbuda
- Netherlands Antilles
- Aruba
- Ascension Island
- Bahamas
- Bahrain
- Barbados
- Belize
- Bermuda
- Bolivia
- Brunei
- Channel Islands (Alderney, Guernsey, Jersey, Great Sark, Herm, Little Sark, Brechou, Jethou, Lihou)
- Cayman Islands
- Cocos (Keeling) Islands
- Cook Islands
- Costa Rica
- Djibouti
- Dominica
- United Arab Emirates
- Falkland Islands (Malvinas)
- Fiji Islands
- The Gambia
- Grenada
- Gibraltar
- Guam
- Guyana
- Honduras
- Jamaica
- Jordan
- Qeshm Island
- Kiribati
- Kuwait
- Labuan
- Lebanon
- Liberia
- Maldives
- Isle of Man
- Northern Mariana Islands
- Marshall Islands
- Mauritius
- Monaco
- Montserrat
- Nauru
- Christmas Island
- Niue Island
- Norfolk Island
- Sultanate of Oman
- Pacific Islands not otherwise specified
- Palau Islands
- Panama
- Pitcairn Island
- French Polynesia
- Puerto Rico
- Qatar
- Solomon Islands
- American Samoa
- Samoa (Western Samoa)
- Saint Helena
- Saint Lucia
- Saint Kitts and Nevis
- San Marino
- Saint Pierre and Miquelon
- Saint Vincent and the Grenadines
- Seychelles
- Swaziland
- Svalbard (Spitsbergen Archipelago and Bjornoya Island)
- Tokelau
- Tonga
- Trinidad and Tobago
- Tristan da Cunha
- Turks and Caicos Islands
- Tuvalu
- Vanuatu
- British Virgin Islands
- United States Virgin Islands
- Yemen Arab Republic
Please note: This list may be subject to changes. For legal certainty, it is advisable to consult the most recent version published in the Diário da República.
This list is periodically updated by the Portuguese Government and published in the Diário da República. The official list can be viewed here: https://diariodarepublica.pt/dr/legislacao-consolidada/portaria/2004-105808897
If you need further clarification on how these rules may affect your investments or require assistance with any tax-related matters, our team is here to help.
Feel free to contact us at info@afm.tax or call +351 281 029 059.