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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...
There are several ways one can open a 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 open a company. In this blog post we will discussing the "traditional"...
Madeira Island, Portugal, is affirming itself as a tech hub for European and American entrepreneurs. The main reasons? Low taxation, good weather, fast internet connections (above European and American mainland averages) and a steady supply of high-skilled workforce...
Get to know the company formation procedure in Portugal and Madeira Island. “Portugal’s history includes discoveries, entrepreneurship, creativity and permanent innovation. Portugal is a modern, sophisticated, and future-oriented country. Capable of combining...
Banco de Portugal (the Portuguese Central Bank) will assume the powers of supervision of entities that exercise services for the exchange, transfer or custody of virtual assets, with respect to compliance with the preventive rules on money laundering and terrorism...
The legal regime of the Madeira International Shipping Registry of Madeira (RIN-MAR or MAR) has just been revised, through Law 56/2020 of 27 August. The changes to RIN-MAR's legal regime are so relevant in reinforcing its attractiveness and competitiveness, that it...