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Holding a Portuguese Passport means that one has Portuguese citizenship. Currently, the Portuguese passport ranks third in the Passport Index, being on par with the Danish, Japanese and Swiss Passports regarding visa-free travel. By becoming a citizen of Portugal, one...
Portugal, and the Autonomous Region of Madeira, are popular destinations among expats due to the Non-Habitual Resident Tax scheme. Access to the 10-year tax holiday entails fulfilling certain requirements from an immigration and income structure standpoint. 1. You...
When selling real estate property in Portugal, including Madeira Island, it is possible to avoid capital gains tax, provided some conditions are met. The most common route to avoid capital-gains tax Gains arising from the transfer of real estate destined for the...
Whether you are an EU/EEA/Swiss citizen or a third-country national, to gain Portugal (or Autonomous Region of Madeira) permanent residency, foreign nationals must have a temporary residence for five years, be gone from Portugal territory for no more than six or eight...
How to move to Madeira (Portugal), the Pearl of the Atlantic? In this blog article, you will find the main steps you will need to take to ensure a smooth transition into island life. Below, we have compiled a list curated by our professionals for you to use as a...
In Portugal (including the Autonomous Region of Madeira), there are several expenditures associated with purchasing a real estate property, such as lawyer, notary and administrative fees; additionally, one will also face property taxes in Portugal, namely: municipal...
Do Expats Pay Taxes in Portugal? This is a question many expats moving to the country ask themselves and their tax advisors when relocating to the country or its Autonomous Region of Madeira. The answer to the question "Do Expats Pay Taxes in Portugal?", couldn't be...
The Autonomous Region of Madeira has recently become a popular destination for those wishing to invest in Portugal for citizenship. International investors are making use of the Golden Visa route to obtain citizenship. How to Invest in Portugal for Citizenship? Under...
Madeira has an island, and the outmost region of the European Union attracts expats who are willing to live and invest in Madeira. Given this tendency, due in part to many factors and the safe haven that the island was during the pandemic, we at MCS decided to launch...
In Portugal, a country viewed as a tax haven for investors in this industry, crypto-assets, including cryptocurrencies, will be subject to taxation. Current law does not allow for personal income tax to be levied on the sale of crypto-assets unless some conditions are...