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Head-to-head · tax residents 2026

Spain or Portugal: which should you move to?

Two of Europe's top relocation targets, both with newcomer regimes. Here is how they compare on the taxes that move the needle.

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FactorES flag Spain ↗PT flag Portugal ↗
Top personal income tax47%48%
Corporate tax25%*19%*
Capital gains taxTaxedTaxed
Dividend tax19% to 28%28%
VAT / sales tax21%23%
Wealth taxYesNo
Inheritance taxYesNo
Foreign incomeWorldwideWorldwide
Headline expat regimeBeckham LawIFICI (ex-NHR)
Cost of living (vs your country)6460
Population49,355,14310,804,871
Area504,782 km²92,391 km²
Population density98/km²117/km²
Airports (large + medium)5531
Annual tourists93,759,30028,970,000
Flight time from your country··
Direct flight likely?··
Life expectancy83.8 yrs82.5 yrs
Safety (homicides/100k)0.70.7
Happiness (0-10)6.45.91
Corruption index (higher = cleaner)62/10061/100
Double-tax treaties (approx)~93~79
Internet speed (median fixed)278 Mbps244 Mbps
Healthcare spend / person$3,107$2,971
Air quality (PM2.5, lower=better)10.088.77
Time zone (approx)UTCUTC-1
Digital nomad visaYesYes
Official languages1 (Spanish)1 (Portuguese)

Green = more favourable. Cost of living shown as a percentage of your home country (under 100% = cheaper than home). Tax data: compiled by us, being re-verified; cost of living: World Bank PPP; area & population: GeoNames; life expectancy & homicide rate: World Bank.

* Spain: 15% for newly created companies (first 2 profitable years) and qualifying start-ups (first profitable year + 3). Micro-enterprises (turnover Portugal: Reduced to 19% (mainland) from 2026 (was 20% in 2025). SMEs/Small Mid-Caps: 15% on first EUR 50,000 of taxable income; inland-territory SMEs 12.5%. Madeira/Azores: 13% standard. Start-ups access the SME reduced rates.

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ES flag Spain or Italy IT flagES flag Spain or Greece GR flagPT flag Portugal or Italy IT flagPT flag Portugal or Greece GR flag
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