Relocating to Madeira (your dream island) is a simple process, and there are three things that you need to take into account before moving, so no mistakes are made. First and foremost, one must understand that residency entails two aspects: tax and immigration. The...
In September 2009 Portugal introduced the Non-Habitual Resident (NHR) scheme, in other words, its own Expat Tax Regime. Under the NHR scheme, expats can invoke special taxation rights (benefits), for a consecutive ten-year period, on their foreign and Portuguese...
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...
In September 2009, Portugal introduced the Non-Habitual Resident (NHR) scheme, in other words, its own Expat Tax Regime. Under the NHR scheme, expats can invoke special taxation rights (benefits), for a consecutive ten-year period, on their foreign and Portuguese...
When it comes to relocating to Madeira Island (or Portugal), confusion arises among expats between residency for taxation purposes and residency for immigration purposes. Although both concepts are closely related to one another, one does not necessarily imply the...
Madeira offers the perfect conditions to attract digital nomads with its natural beauty, nature activities, culture and fantastic climate conditions all year round. What can Digital Nomads in Madeira Island benefit from? With reduced taxation, adequate...
More often than not, British expats in Portugal (Madeira Island included) face warnings from our tax advisors regarding the compliance of their income structure with the Portuguese Personal Income Tax Code in general and the Non-Habitual Resident scheme in particular....
First and foremost, it is essential to understand that 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...
Buying real estate with crypto in Portugal: is it possible? Although there are already some websites where you can "buy and sell" real estate using crypto-currencies, including some options located in Portugal, and although this type of business has already been...
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...