Taxation is one of the main reasons that hinder the economic growth of a startup and finding the correct jurisdiction for your rising business can be troublesome. That is why Portugal has come up with a taxation business that is startup-friendly. Startups looking into...
The European Union has its own list of non-cooperative jurisdictions, also known as tax havens. This list is a non-binding one, therefore acting as a "bullying" diplomatic document against small island economies. Given the above, Portugal has its list of what it...
Investing in Madeira remains an attractive solution for those looking to operate in Portugal and abroad. Why Madeira International Business Center? The International Business Center of Madeira (MIBC, also known as Madeira Free Trade Zone) remains attractive for...
EU citizens who remain in Madeira (or in any Portuguese territory) for longer than 3 months have to formalize their right of residence by registering. After 3 months in Madeira (or in any Portuguese territory), EU citizens have 30 days to register, after which they...
The Statistics: Investment Turnover Official statistics collected from the Portuguese National Statistic Institute and the Directorate of Statistics of the Madeira Regional Government showed that already in 2018, the median value of rents for new leases of family...
At a time that it is increasingly important for companies to have internationalization tools at their disposal, the Autonomous Region of Madeira enables companies to significantly reduce their internationalization costs. Why Madeira is A Global Hub for Business? Given...
Why Madeira is your Brexit Opportunity? 1 - Low Taxes Today more than 10% of Madeira’s International Business Centre (MIBC) are of British origin, operating in one of Europe’s most tax-efficient and tax compliant jurisdictions. Approved the tax benefits were approved...
Definition of Tax Residency Generally, a taxpayer is considered to be a tax resident in Portugal if he remains more than 183 days. This counting refers to any period of 12 months beginning or ending in the year in question. One is also resident if he/she owns housing...
A leading destination for all ages, Portugal is asserting itself as a major start-up destination in Europe, and with that hundreds of techies are willing to relocate to Europe's oldest country. But it is not just the Web Summit's new capital, Lisbon, who's attracting...
Madeira, being a political autonomous territory of Portugal, has been granted, since the 80s, a low tax system (Madeira’s International Business Center, or MIBC) in order to promote its island economy. And, contrary to popular belief, not all low tax systems are...