🇵🇹 Portugal vs 🇲🇨 Monaco
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇵🇹 Portugal | 🇲🇨 Monaco |
|---|---|---|
| Tax System | NHR (Non-Habitual Resident) | Zero Tax |
| Income Tax (Foreign) | 20% flat (qualifying income) | 0% |
| Capital Gains Tax | 0% (foreign gains) | 0% |
| Corporate Tax | 21% | 25% (non-Monaco revenue) |
| Residency Requirement | D7 Visa (passive income proof) | €500k+ deposit |
| Minimum Stay | 183 days/year | None |
| Cost of Living | Moderate ($2,000-3,000/mo) | Very High ($8,000+/mo) |
🇵🇹 Portugal
Highlights
- ✅EU membership & passport path
- ✅NHR tax regime benefits
- ✅High quality of life
- ✅English widely spoken
- ✅Great weather
Considerations
- ⚠️NHR being phased out for new applicants
- ⚠️183-day stay requirement
- ⚠️Higher taxes after NHR ends
Best For
- 👤EU access seekers
- 👤Retirees
- 👤Quality of life focus
🇲🇨 Monaco
Highlights
- ✅Zero personal income tax
- ✅Ultra-safe
- ✅Mediterranean climate
- ✅Prestigious address
- ✅EU border access
Considerations
- ⚠️Extremely expensive
- ⚠️Tiny country
- ⚠️Hard to get residency
Best For
- 👤Ultra-high-net-worth
- 👤F1 enthusiasts
- 👤Yacht owners
Which Should You Choose?
Choose Portugal if: You prioritize eu membership & passport path and nhr tax regime benefits. Ideal for eu access seekers, retirees, quality of life focus.
Choose Monaco if: You prioritize zero personal income tax and ultra-safe. Ideal for ultra-high-net-worth, f1 enthusiasts, yacht owners.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.