If you are a qualified professional – such as a scientist, engineer, doctor, architect, artist, computer programmer, or other – and are considering moving to Portugal for the first time, or after an absence of 5 or more years, this is a good time to do so. In an attempt to boost the ranks of its qualified workforce, the Portuguese government has issued an Act (Decreto-Lei no 249/2009) by which you will become a privileged taxpayer. Your tax rate will be capped at 20% for net income in categories A and B, and this low rate will be fixed for the next 10 years (after which the benefit is renewable). Measures have also been put in place to prevent double-taxation in case you maintain any foreign income. It’s all pure genius! Read more here [in portuguese]. (sent by Mariza Costa-Cabral)