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The best place to live in Portugal is the Autonomous Region of Madeira (Madeira and Porto Santo islands). Do you ever ponder what life is like in Madeira? Let’s begin at the beginning: World Travel Awards has named Madeira Island, Portugal, the “World’s Leading Island...
Although tax planning can be legitimate under Portuguese law, the distinction between legitimate and illegitimate tax planning is blurred and depends on the interpretation and/or discretion of the tax administration. As a legitimate action, tax planning is the...
Holding a Portuguese Passport means that one has Portuguese citizenship. Currently, the Portuguese passport ranks third in the Passport Index, being on par with the Danish, Japanese and Swiss Passports regarding visa-free travel. By becoming a citizen of Portugal, one...
How to move to Madeira (Portugal), the Pearl of the Atlantic? In this blog article, you will find the main steps you will need to take to ensure a smooth transition into island life. Below, we have compiled a list curated by our professionals for you to use as a...
In Portugal (including the Autonomous Region of Madeira), there are several expenditures associated with purchasing a real estate property, such as lawyer, notary and administrative fees; additionally, one will also face property taxes in Portugal, namely: municipal...
The Autonomous Region of Madeira has recently become a popular destination for those wishing to invest in Portugal for citizenship. International investors are making use of the Golden Visa route to obtain citizenship. How to Invest in Portugal for Citizenship? Under...
Madeira has an island, and the outmost region of the European Union attracts expats who are willing to live and invest in Madeira. Given this tendency, due in part to many factors and the safe haven that the island was during the pandemic, we at MCS decided to launch...
In Portugal, a country viewed as a tax haven for investors in this industry, crypto-assets, including cryptocurrencies, will be subject to taxation. Current law does not allow for personal income tax to be levied on the sale of crypto-assets unless some conditions are...
Golden Visa delays Investors across the Portuguese territory are experiencing Golden Visa delays. Since the beginning of this year, Portugal's Golden Visa application processes have been stopped. The computer system was blocked by an administrative decision of the...
Crypto tax in Portugal and Madeira under analysis Recent developments are expected concerning crypto tax in Portugal and Madeira. The Portuguese Tax and Customs Authority (AT) is investigating, under orders issued in 2021 by the Secretary of State for Tax Affairs of...