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Golden Visa in Madeira is on the rise. Here's why. According to Investment Immigration Insider, "Portugal’s golden visa performed admirably; though program investment recorded a 13% reduction, the number of applications approved during the year (1,182) was only 5%...
Do I need to file taxes in Madeira? This is the main question that expats relocating to Madeira ask to us as tax consultants. This is the most simple answer we can give: if you are resident, for tax purposes, yes (this includes non-habitual tax residents status...
Americans are relocating to Madeira Island, Portugal, in search of not only good weather but a safe island cosmopolitan life in Europe. Find out why, American pensioners and digital workers/nomads are choosing Madeira. “Of all islands, the most beautiful and free,” is...
Following the amendment to Ministerial Order No. 150/2004 of 13 February 2004, by Ministerial Order no. 309-A/2020, of 31 December, the Principality of Andorra has been removed from the Portuguese list of countries, territories and regions with clearly more favourable...
Madeira's General Corporate Tax Madeira’s Regional Budget for 2021 has been approved by the Representative of the Republic to the Autonomous Region of Madeira. Under the new budget, the general corporate income tax rate (CIT) is 14,7%. This means that Madeira has a...
The Regional Government of Madeira is set to reduce the Autonomous Region's corporate income tax from the current 20% rate to a 14,7% rate (the Portuguese current mainland CIT is 21%). Madeira's Regional Budget for 2021, which foresees the CIT reductions, was...
Madeira is a Portuguese archipelago in the Atlantic Ocean, situated 625 miles (1 000 km) from Mainland Portugal and 545 miles (900 km) from North Africa. It consists of four islands: Madeira, Porto Santo, Desertas and Selvagens. Madeira and Porto Santo are the only...
Residency Those who are resident in Madeira before the end of the transition period on 31 December 2020, are able to stay. One must register as a resident in Madeira if one wants to stay for more than 3 months. To get a Registration Certificate (Certificado de...
There are several ways one can start a business in company in Portugal, as the Portuguese Government aims at reducing bureaucracy for investors and as such it has implemented some quicker ways for investors to start a business. Starting a business in Portugal (or...
In recent months we have seen a trend of Americans moving to Portugal or inquiring about the advantages available to them in this European Union Member-State. Portugal itself is a unique budget destination, having a surprisingly affordable cost of living, and an ideal...