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...
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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...
MAR introduces Electronic Certificates
The International Shipping Register of Madeira (MAR) is now issuing ships’ electronic certificates and documents. In line with national policies concerning digitalization within public services and administration, the Portuguese maritime administration has also taken...
NHR Regime – Update of Procedures
Following the publishing of the new list of “high value added activities” applicable to non-habitual residents (NHR) that register from 2020 onward, the Portuguese Tax Authority (AT) has decided to change the way which it controls how the high value added activities...
Madeira’s Ship Registry is World’s TOP 15
Portugal and its national merchant navy have recently been the subject of very positive analyzes by both the Organization for Economic Cooperation and Development (OECD) and the United Nations (UN). The reason: the International Ship Registry of Madeira (MAR) In the...
Starting Up in Madeira
The Autonomous Region of Madeira has since the 80s, a low tax system is known as the Madeira’s International Business Center, or MIBC. Since Portugal’s accession to the EU, the MIBC has been subject to several revisions and approvals from the European Commission....
Why live in Madeira?
8 reasons why to live in Madeira: Climate In terms of climate, Madeira is characterized by all-year-round spring-like weather, which is the typical weather in the Autonomous Region of Madeira. Note that the number of hours of sunshine per year reaches values as high...