• IN478 - Portugal – An Increasingly Attractive Location for Entrepreneurs

    Background

    Historically, Portugal’s ‘brightest and best’ have looked for opportunities outside of Portugal. This was not necessarily because they wanted to, but because Portugal was more focused on keeping its head above water and on finding ways to leave the Economic Adjustment Programme agreed with the European Commission for the period 2010-2014 (the bailout programme).

    Whereas in the past … more

  • IN443 - The Portuguese Comandita Structure and the Benefits it Offers

    There are four different types of company that can be established in Portugal:

    Private limited liability companies (Sociedade por Quotas, LDA)

    Public limited companies (Sociedade Anónima SA Corporation)

    Limited co-partnership companies (Sociedade em Comandita, SC)

    General partnership companies (Sociedade em Nome Collectivo, SNC)

    The third type of company is based on a structure similar … more

  • IN437 - Key Characteristics and Advantages of Portuguese Holding Companies

    Since 2014 approximately 100,000 companies have been incorporated in Portugal, representing a 10% increase in comparison to 2011, when Portugal was granted an international bailout package, which culminated in a “clean exit” in May 2014.

    This significant increase in incorporations has been driven mainly by foreign companies seeking a jurisdiction in which the quality of life matches the … more

  • IN436 - Restarting the Clock for Non-UK Domiciles: Why Cyprus, Malta and Portugal are Attractive Jurisdictions to Consider for Relocation

    The UK offers an attractive tax regime for up to 15 years for individuals who are resident in the UK but do not have a UK domicile.

    Individuals who are UK resident, but not UK domiciled, do not have to pay UK tax on their foreign income and gains, as long as these sums remain outside of the UK.

    Individuals may choose to structure their tax affairs so that they cease to be UK tax resident for a … more

  • IN391 - Portuguese Golden Visa and the Non-Habitual Residents Tax Scheme - Making Portugal an Attractive Location for Residence

    Since the introduction of Portugal’s “Golden Visa” and a special tax regime for non-habitual residents, Portugal has become a destination of choice for many non-EU nationals.

    The Golden Visa enables non-EU residents to not only be resident in Portugal, but to also move freely within the Schengen Zone.  The “Non-Habitual Residents Regime” means that they can also enjoy low taxes or, in some cases, … more

  • IN415 - Taxation of Trusts in Portugal and the Implications for Non Habitual Residents

    When individuals who are potential beneficiaries of trusts are planning to move to Portugal and will become Non Habitual Residents (NHRs) they need to review the trust position prior to any future distributions being made.

    Background

    Legislation was approved in Portugal at the end of 2014 regarding the taxation of fiduciary structures, which includes trusts.

    Distributions made by fiduciary … more

  • PT1 - A Organização De Um Fundo Em Malta - Os Benefícios

    Dixcart fornece serviços de administração de fundos em Malta e na Ilha de Man. 

    A partir de Malta, podemos fornecer uma vasta gama de serviços, incluindo contabilidade e elaboração de relatórios financeiros, serviços administrativos empresariais, administração de fundos, avaliações e serviços financeiros.

    Os Benefícios da Criação de um Fundo em Malta

    Um dos principais benefícios de se utilizar … more

  • FR1 - Golden Visa Portugais

    Le programme « Golden Visa » fut adopté par le gouvernement portugais en décembre 2012 dans le but d’attirer des investisseurs étrangers au Portugal.

    Seuls peuvent en bénéficier les citoyens de pays non-membres de l’Union Européenne ou de l’Espace Economique Européen.

    L’un des principaux avantages de ce régime est qu’il permet non seulement à l’investisseur de résider au Portugal mais de … more

  • IN376 - Revised Portuguese Golden Visa Rules Confirmed

    0n 3 July 2015, the Portuguese Government confirmed a number of new rules relating to the Portuguese Golden Visa.

    Background and Key Benefits of the Portuguese Golden Visa

    The Portuguese Golden Visa Scheme enables non-EU individuals to gain the right to reside in Portugal and the right to travel within the Schengen Zone of 26 countries for a period of 5 years.

    This can lead to permanent … more

  • IN312 - Aircraft Registration: Guernsey, Isle of Man, Malta and Portugal

    Dixcart provides aircraft registration services in a number of jurisdictions. These jurisdictions have registries which offer a variety of advantages and tax efficiencies. 

    Dixcart can advise on aircraft registration and help coordinate the aircraft registration process in: Guernsey, the Isle of Man, Malta and Portugal. This can include establishing and administering the relevant ownership … more

  • IN275 - A Consideration of Shipping in the Jurisdictions of Cyprus, the Isle of Man, Madeira (Portugal) and Malta

    Dixcart can provide clients with a number of alternative ship registration solutions. 

    This note provides a brief overview of the shipping regimes in Cyprus, the Isle of Man, Madeira (Portugal) and Malta. More detailed information is available on request regarding shipping in each of the jurisdictions considered in this Article.

    Cyprus

    Cyprus is a major ship management centre attracting … more

  • HN48 - New Rules: The Portuguese Golden Visa

    Portugal is introducing new rules under the Golden Visa Residence Programme.

    The new rules, which need to be confirmed by the Portuguese Parliament, are detailed below:

    Investment in cultural or scientific researchThe investment of a minimum €350,000 in a project relating to cultural or scientific research will now qualify for a Golden Visa application.

    Rebuilding or renewal of urban … more

  • HN45 - Good News for Portuguese Companies Established in Madeira and for Individuals Applying for the Portuguese Golden Visa

    The European Commission has confirmed that companies licensed to operate in the Madeira International Business Centre (MIBC) will continue to enjoy tax benefits until 2027.

    The 5% Corporate Income Tax (CIT) rate has been confirmed until 31 December 2027.

    The benefit of the reduced CIT tax rate will be limited to a maximum ceiling, details of which are available on request.

    There is no … more

  • IN307 - The Portuguese Non Habitual Residents Regime

    Background

    The Portuguese Non Habitual Residents (NHR) regime presents a number of tax saving opportunities for individuals considering a move to Portugal. This regime is available to both EU and non-EU citizens.

    This tax regime was originally introduced in 2009 and continues to attract, to Portugal, qualified foreign residents engaged in high added value activities, and other high net worth … more

  • IN330 - Portuguese Holding Companies - A Tax Neutral Holding Structure

    In January 2014 Portugal implemented a major and ambitious reform of its Corporate Income Tax Code (CIT Code).

    One of the features of the new CIT Code was the introduction of a participation exemption method for dividends and capital gains. This provides a tax exemption on dividends and capital gains at the level of the company and a withholding tax exemption on outbound dividends, as long as … more

  • IN331 - Portuguese Patent Box and Madeira Companies - Additional Tax Efficiencies

    Portugal introduced a new Corporate Income Tax Code at the beginning of 2014 and at the same time put in place a Patent Box Regime which provides benefits for Intellectual Property (IP) activities.

    The Advantages of the Portuguese Patent Box Regime

    Only 50% of the gross income resulting from contracts exploiting patents, industrial designs or models (or other IP rights which are protected) … more

  • INPT1c - Portuguese Holding Companies - an Attractive Ownership Solution for Trading Companies in Luxembourg

    In January 2014 Portugal implemented a major and ambitious reform of its Corporate Income Tax Code (CIT Code).

    One of the features of the new CIT Code was the introduction of a participation exemption for dividends and capital gains. This provides a tax exemption on dividends and capital gains at the level of the company, and a withholding tax exemption on outbound dividends, as long as certain … more

  • INPT1a - Portuguese Holding Companies - an Attractive Ownership Solution for Trading Companies in the Netherlands

    In January 2014 Portugal implemented a major and ambitious reform of its Corporate Income Tax Code (CIT Code).

    One of the features of the new CIT Code was the introduction of a participation exemption for dividends and capital gains. This provides a tax exemption on dividends and capital gains at the level of the company, and a withholding tax exemption on outbound dividends, as long as certain … more

  • INPT1b - Portuguese Holding Companies - an Attractive Ownership Solution for Trading Companies in Belgium

    In January 2014 Portugal implemented a major and ambitious reform of its Corporate Income Tax Code (CIT Code).

    One of the features of the new CIT Code was the introduction of a participation exemption for dividends and capital gains. This provides a tax exemption on  dividends and capital gains at the level of the company, and a withholding tax exemption on outbound dividends, as long as certain … more

  • IN306A - The New Portuguese Corporate Income Tax Code (Long Version)

    Portugal has already introduced two new regimes to encourage wealthy foreign individuals to move to and/or invest in Portugal; the Non-Habitual Resident Regime and the Golden Visa Regime. Both schemes are proving successful with a significant positive impact on the share of foreign investment as a percentage of Portugal’s GDP.

    In addition, Portugal has now implemented a major reform of its … more

  • IN306 - The New Portuguese Corporate Income Tax Code (Summary Version)

    Portugal has implemented a major reform of its corporate tax code, which has increased the attractiveness of Portugal as an international jurisdiction for domestic and foreign investors.

    The key advantages of the new tax code are detailed below and more detailed information is available in our Information Note 306A or on request.

    Worldwide Participation Exemption Regime: Applicable to Capital … more