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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...
What is a ‘cross-border succession’? A succession is the transfer upon death of the estate — rights and obligations — of the deceased. Rights can be, for example, the ownership of a house, a vehicle or a bank account; obligations can include debts, for example.A...
Digital Nomads in Madeira Islands are on the rise thanks to a joint initiative lead by the Regional Government of Madeira, Portugal's Tourism Board and StartUp Madeira. The current digital nomad village pilot project is being run from Ponta do Sol municipality and is ...
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...