Portuguese Central Bank's position on cryptocurrencies Since there is no central entity that guarantees the irremovability and finality of payment orders, the virtual currency cannot be considered a safe currency, as there is no certainty of its acceptance as a means...
In international taxation one can seldomly have the best of both worlds. However, Portugal is proving otherwise, thanks not only to the Madeira International Business Centre, but also to the Non-Habitual Resident (NHR) tax regime. Created in September 23rd, 2009, the...
It is increasingly common for expats to come and spend their retirement in Madeira Island, Portugal. They bring with them not only their savings of a lifetime of work, but also their foreign pensions. Fulfilling the criteria of tax residence in Portugal (residing more...
In recent years Portugal has been considered a safe haven for several expats and foreign investors, who in turn have contributed on a large scale to the improvement of the Portuguese economy, by investing in the real estate sector, sometimes simultaneously associated...
Starting July 1, Madeira and Porto Santo, Portugal, will be open to international travelers. To ensure security for both visitors and residents, all people traveling to the Atlantic islands will have to either present a negative test done within 72 hours prior to...
Portugal is asserting itself as a major start-up destination in Europe, and with that hundreds of techies are willing to relocate to Europe's oldest country. But it is not just the Web Summit's new capital, Lisbon, who's attracting new residents, the Algarve and...
Without a doubt, the ultimate expat tax benefit is the Non-Habitual Tax Resident Tax Regime (NHR) granted by Portugal (Madeira Island included) to those wishing to relocate (or return) to the country, regardless of their nationality. What are the Ultimate Expat Tax...
In an effort to promote investment in the country and attracting digital nomads, freelancers, startups and digital entrepreneurs, the Portuguese Government approved Resolution of the Council of Ministers no. 30 / 2020, which sets ou the Action Plan for the Digital...
One of the fastest routes to obtain Portgual’s Golden Visa, residency by investment program, is through a capital transfer into an investment fund. Under the current Golden Visa rules, one can apply for a residency permit in Portugal (with full free travel access to...
The Non-Habitual Resident regime/scheme is the special Portuguese taxation regime applicable to the foreign income of natural persons. This program is specially designed for people wishing to transfer their residence to Portugal. Those qualifying for the Non-Habitual...