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What will change? The Portuguese Government has published its decree-law introducing substantial changes to the Portuguese Golden Visa programme and thus the following new rules apply to obtain said visa: Capital transfer in the amount of 1.5 million euros or more;...
The two parties that support the majority in Madeira's Legislative Assembly consider it reasonable and realistic to set the regional minimum wage at 682 euros (still the lowest in Western Europe). The proposal, approved by Madeira's Legislative Assembly, of the...
Madeira Island, has asserted itself as a digital nomad paradise not only due to its tax friendly policy towards corporations and individuals, but also due to its internet connection and infrastructure. Madeira benefits from a Submarine Cable Station, hosted in the...
It's that time of of the year again: Henley & Partners have published their Global Passport Index and with it you will find another reason to apply for Golden Visa in Madeira. This year Portugal is ranking #6 in the Top 10 of the world's most coveted passports...
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%...
Do I need to file taxes in Madeira? This is the main question that expats relocating to Madeira ask to us as tax consultants. This is the most simple answer we can give: if you are resident, for tax purposes, yes (this includes non-habitual tax residents status...
Americans are relocating to Madeira Island, Portugal, in search of not only good weather but a safe island cosmopolitan life in Europe. Find out why, American pensioners and digital workers/nomads are choosing Madeira. “Of all islands, the most beautiful and free,” is...
Following the amendment to Ministerial Order No. 150/2004 of 13 February 2004, by Ministerial Order no. 309-A/2020, of 31 December, the Principality of Andorra has been removed from the Portuguese list of countries, territories and regions with clearly more favourable...
Madeira's General Corporate Tax Madeira’s Regional Budget for 2021 has been approved by the Representative of the Republic to the Autonomous Region of Madeira. Under the new budget, the general corporate income tax rate (CIT) is 14,7%. This means that Madeira has a...