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Do you wonder why people invest in Madeira? Let’s start with the beginning: Madeira Island, Portugal, is just under a two-hour flight from Lisbon and has been consecutively voted the “World’s Leading Island Destination” by World Travel Awards. The principal island of...
Taxpayers in the Non-Habitual Resident (NHR) tax regime who choose to be taxed at the special 20% IRS rate cannot use education or health expenses (tax deductions) to lower the tax they have to pay. A taxpayer who has had NHR status since 2017 asked the Tax and...
Under the Madeira International Business Center (MIBC) regime, Company Incorporation in Madeira is an EU-approved solution that may benefit international companies operating across different jurisdictions. Under the MIBC regime, duly licensed companies are entitled to...
Preparing for a successful move to Madeira implies long-term planning and understanding of the implications of relocation. Our team of professionals has assisted many expats over the year. From experience, 90% of them do not plan their move to Madeira properly or fail...
The amendment to the Personal Income Tax (IRS) Code that the State Budget Law established for 2022 (no. 12/2022, of 27 June) makes it mandatory to aggregate income from capital gains on securities when the assets in question have been held for less than 365 days, and...
To invest in Portugal for Citizenship is not an option, as the country does not offer a citizenship-by-investment program. However, the country currently offers a program known as the Golden Visa (residency-by-investment), which allows high-networth foreigners...
As one of the world's most sought-after destinations, many wonder if buying a house in Portugal is a good investment. Its warm weather, breathtaking landscapes, connections to Europe and Portuguese-speaking countries, and attractive tax regime make it the choice of...
The war initiated by Russia against Ukraine is affecting Ukrainians and Russians in Portugal. Given this, our team at MCS has prepared the following piece of information concerning Ukrainians and Russians in Portugal and what they should expect should they decide to...
During the WebSummit, the Portuguese Prime Minister announced that his Government would be analysing the ending of the Golden Visa. The Prime Minister, and later the Minister of Home Affairs, argued that the residency by investment program "had served its purpose, and...
Who and in which circumstances may one acquire Dual Citizenship? Before considering Portuguese Dual Citizenship, one must first understand that Portugal is a jurisdiction which follows two criteria in the attribution of citizenship: at birth which is known as Jus...