Madeira Island’s real estate market has been booming in the last couple of years, offering a wide variety of real estate investment opportunities to those looking for a truly international real estate market and without the inflated prices that have been afflicting...
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A Small Guide to Living in Madeira
“Of all islands, the most beautiful and free,” is the Madeira’s motto. Backing up this assertion, H.N. Coleridge once said: “I should think the situation of Madeira the most enviable on the whole earth. It ensures every European comfort with almost every tropical...
Madeira: Island Life with a European Flavour
Just under a two-hour flight from Lisbon, Portugal’s Madeira Island was named the “World’s Leading Island Destination” by World Travel Awards in both 2015 and 2016. This archipelago’s primary island is one of the few in the world offering both the zest and vibe of...
COVID-19 e Ajudas de Estado Portuguesas
Cumprindo com dever de responsabilidade social empresarial, a MCS informa, por este meio, do regime de ajudas de estado portuguesas autorizadas pela Comissão Europeia no âmbito do surto de SARS-CoV2/COVID-19: A Comissão Europeia considerou que quatro regimes de...
SARS-CoV-2 | COVID19 Measures
In view of developments regarding SARS-CoV-2 (“Coronavirus”), we hereby inform you which of the measures we are taking to ensure the continuity of our services to our customers. Considering that circumstances may change on a daily basis, we currently believe that we...
Changes to the UK European Health Insurance (EHIC) Card
Introduction Following the UK's departure from the European Union on 31 January 2020, the UK Government decided to modify the graphic design of the current European Health Insurance Card (EHIC) to reflect its new status. As decided in the Withdrawal Agreement, EHIC...
MIBC: ready for business
Portugal has one of the most important tax policy tools in Europe, the Madeira Free Trade Zone, internationally known as the International Business Center of Madeira (MIBC) and it is ready for business. Intended for the internationalization of Portuguese and foreign...
Portuguese Registry of Beneficial Owners
The Portuguese Registry of UBOs (Beneficial Owners) is the transposition of the Chapter III of Directive (EU) 2015/849 of the European Parliament and of the Council. Portuguese companies must identify the UBOs, ie those individuals “ who, in any event, has their...
Minimum Wage Raise In Portugal For 2020
The Council of Ministers has approved, today, the update of the Guaranteed Minimum Monthly Remuneration (aka Minimum Wage) to EUR 635 (six hundred and thirty-five euros), effective on 1 January 2020. The XXII Government has included the sustained rise of the minimum...
Armed Security on Board Made Legal
The Presidency of the Council of Ministers of the Portuguese Republic has approved armed private security onboard Portuguese registered ships, including those registered in the International Shipping Registry of Madeira (MAR), through Decree-Law 159/2019 of October...