Comparison

Italy €200k Lump-Sum vs Portugal IFICI — 2026

Post-NHR era. Portugal replaced its iconic NHR regime with IFICI — narrower, R&D-flavoured. Italy raised its lump-sum to €200k from August 2024 and to €300k for new applicants from 2026. Two of Europe's most attractive special regimes side-by-side.

Option A

🇮🇹 Italy

eu · 183-day rule

  • Days threshold183
  • Personal top rate43%
  • Capital gains26%
  • Dividends26%
  • Corporate effective27.9%
  • Wealth taxNo
  • Exit taxYes
  • Special regimeLump-Sum Tax (Flat-Tax HNWI) (open)
Full 🇮🇹 Italy page

Option B

🇵🇹 Portugal

eu · 183-day rule

  • Days threshold183
  • Personal top rate48%
  • Capital gains28%
  • Dividends28%
  • Corporate effective21%
  • Wealth taxNo
  • Exit taxYes
  • Special regimeIFICI (NHR 2.0) (open)
Full 🇵🇹 Portugal page

Decision context

High-income founders/operators relocating to a special-regime EU jurisdiction. Italy lump-sum is uncapped at €200-300k flat; Portugal IFICI is rate-capped 20% but only for qualifying activities.

Our take

Italy for ultra-high-income (>€2M/yr) where flat-rate beats rate-cap. Portugal IFICI for anyone in qualifying R&D / startup / scientific activity at sub-€2M income.

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