Taxation in Portugal is levied by both the national government and by the regional governments of the Autonomous Regions of Azores and Madeira. Understanding how corporate taxation is levied at the national and regional level is important, especially when your...
Portugal: A Crypto Tax Mess Portugal has no tax legislation (crypto tax) nor provisions on cryptocurrencies and crypto-assets. Given this current absence of tax legislation on crypto assets, the Portuguese Tax and Customs Authority (AT) has issued a tax ruling on the...
Those relocating to Portugal will soon discover that having a Portuguese Taxpayer Number (locally known as NIF - Número de Identificação Fiscal) is required for conducting business and engaging with governmental authorities for the purposes of almost anything....
Golden Visa in Madeira is on the rise. Here's why. According to Investment Immigration Insider, "Portugal’s golden visa performed admirably; though program investment recorded a 13% reduction, the number of applications approved during the year (1,182) was only 5%...
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...
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...
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...