Did you know that Digital Nomads can take advantage of their stay in Madeira to become tax residents in Portugal and benefit from a very advantageous tax regime for 10 years?
In general terms and depending on the type and origin of the income received in Madeira, this special tax regime allows for:
- Exemption on salaries received from foreign companies;
- Exemption or flat-tax rate of 20% on professional income derived from high-value added activities (eg. software developers, authors, journalists and linguists, creative artists, executive managers, commercial directors, IT specialists);
- Exemption on dividends received from foreign companies.
If you you’re looking for accounting, legal and tax advice and services, you can reach out to these partners!