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In 2021 the Portuguese Government introduced a new policy concerning the residency by investment program. The Portugal Golden Visa changes will take effect on January 1st 2022. These changes are expected to alleviate real estate market prices in the coastal...
Portugal: A Crypto Tax Mess Portugal has no tax legislation (crypto tax) nor provisions on cryptocurrencies and crypto-assets. Given this current absence of tax legislation on crypto assets, the Portuguese Tax and Customs Authority (AT) has issued a tax ruling on the...
In September 2009, Portugal introduced the Non-Habitual Resident (NHR) scheme, in other words, its own Expat Tax Regime. Under the NHR scheme, expats can invoke special taxation rights (benefits), for a consecutive ten-year period, on their foreign and Portuguese...
When it comes to relocating to Madeira Island (or Portugal), confusion arises among expats between residency for taxation purposes and residency for immigration purposes. Although both concepts are closely related to one another, one does not necessarily imply the...
Madeira offers the perfect conditions to attract digital nomads with its natural beauty, nature activities, culture and fantastic climate conditions all year round. What can Digital Nomads in Madeira Island benefit from? With reduced taxation, adequate...
More often than not, British expats in Portugal (Madeira Island included) face warnings from our tax advisors regarding the compliance of their income structure with the Portuguese Personal Income Tax Code in general and the Non-Habitual Resident scheme in particular....
First and foremost, it is essential to understand that Portugal has no tax legislation (crypto tax) nor provisions on cryptocurrencies and crypto-assets. Given this current absence of tax legislation on crypto assets, the Portuguese Tax and Customs Authority (AT) has...
Buying real estate with crypto in Portugal: is it possible? Although there are already some websites where you can "buy and sell" real estate using crypto-currencies, including some options located in Portugal, and although this type of business has already been...
Golden Visa - Can it be a profitable investment? Tax Benefits related to the rehabilitation of real estate. In the last few articles I have been mentioning and outlining several reasons why the purchase of a property worth 350 thousand Euros with rehabilitation works...
If you are considering relocating to Madeira Island (Portugal), there are a few simple steps that you ought to follow to avoid tax and immigration complications regarding residency on the island. There are many cases where expats, unknowingly registered themselves as...