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8 reasons why to live in Madeira: Climate In terms of climate, Madeira is characterized by all-year-round spring-like weather, which is the typical weather in the Autonomous Region of Madeira. Note that the number of hours of sunshine per year reaches values as high...
It is no secret that Portugal offers, right now, the best program of residency by investment in Europe. Nevertheless, what might surprise some is that Madeira, a Portuguese Autonomous Region, just 900 km from the coast of Portugal (just one and half hour away by plane...
Acquiring the right of permanent residence As an EU national, you automatically acquire the right of permanent residence in another EU country if you have lived there legally for a continuous period of 5 years. If you fulfil this requirement, you can apply for a...
Trusts in Madeira are regulated through omission. Decree-Law 352/88 & Decree Law 149/94 deal with the registration and management of offshore trusts whereas Decree Law 264/90 concerns authorization by the government of trust corporations and branches. Portuguese...
Tax reporting obligations in Madeira and Portugal are a serious matter for who are residents, for tax purposes, including those under the NHR (Non-Habitual Resident) status, we cannot stress enough the following warning: all worldwide income needs to be reported to...