A set of measures has been recently approved aimed at stimulating the capital markets, granting tax benefits to both investors and companies.
On September 10th, 2024, the government approved Decree-Law 57/2024, which repeals the extraordinary contribution on local accommodation (CEAL).
The Madeira Regional Budget for 2024 has approved a set of appealing tax measures for those looking to invest in this Autonomous Region. The key measures to highlight are the following:
This Monday, July 3rd, 2024, the Ministers Cabinet approved an Action Plan for Migrations, which is targeted at correcting and solving the serious and major issues currently being faced in the legal framework concerning the entrance into Portuguese National Territory, AIMA’s operational incapacity and to ensure the efficiency and functionality of all border control systems, as well as the correct and just integration of immigrants.
Law Decree 10/2024
On January 8th, 2024, Decree-Law no. 10/2024 was published in the Republic Diary, which aims to simplify and speed up the processes related to urban licensing and operations, with the inclusion of new deadlines for decisions to be taken by licensing entities, the expansion of the scope of PIP's (requests for prior information) the creation of the electronic platform for urban procedures as well as the changes relating to the requirement of documentation when entering into some legal transactions.
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