As a relatively new tax, it is not surprising that many have been caught unaware of their liability to pay AIMI and, more importantly, how they can avoid the disturbing consequences. The additional assessment to IMI (Adicional Imposto Municipal Imobiliário) is sending shock waves to individuals and company owners who unwittingly find themselves under the weight of this added fiscal obligation. Continue reading
Why move a Delaware company to Portugal?
Delaware will be classified as opaque jurisdiction:
A series of factors contribute to the recent surge in prices in the real estate market in Lisbon in particular and throughout Portugal in general.
- An exodus of residents over the past half century from the historical centres;
Until the recent boom, central Lisbon has been experiencing degradation and urban flight over the past 50 years. Continue reading
Portuguese law views a trust as a contract. All transactions involving trusts are deemed to be made with the trustees – the legal owners of the trust’s assets – rather than with the beneficiaries entitled under the terms of the trust. Beneficial interest is not a right formally recognised under Portuguese legislation. Let’s examine some common questions regarding the taxation of trusts in Portugal. Continue reading