Tax Incentive Regime for Scientific Research and Innovation (IFICI+)

Ministerial Order 352/2024/1, of the 23^rd of December, came into force on January 1^st of 2025. It clarifies the Tax Incentive Scheme for Scientific Research and Innovation (IFICI+), which came into force with the approval of the State Budget Law for 2024. The scheme is aimed at immigrants and Portuguese nationals who have lived abroad for at least five years and offers a reduced IRS rate of 20 per cent.