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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...
An update on the NHR status has occurred through a Minister of Finance’s Ordinance 230/2019, published today, has approved a revision of the list of jobs deemed as high-added value and therefore subject to a flat tax rate of 20% under the Non-Habitual Resident status....
If you have moved to Madeira Island or are planning to relocate, you already know that it is a beautiful place to live and with a lot of choices to what you can do. Nevertheless, such a move does require careful planning since the island can offer many tax advantages...