official Portuguese black list of tax havens
| List of countries, territories and regions with favourable tax systems:
|
| Arab Republic of Yemen |
Gambia |
Panama |
| American Samoa |
Gibraltar |
Pitcairn Island |
| Andorra |
Grenada |
Puerto Rico |
| Anguilla |
Guam |
Qatar |
| Antigua & Barbuda |
Guyana |
Queshm Islands |
| Aruba |
Honduras |
Republic of Vanuatu |
| Ascencion |
Hong Kong |
San Marino |
| Bahamas |
Isle of Man |
Seychelles |
| Bahrain |
Jamaica |
Solomon Islands |
| Barbados |
Jordan |
St. Helena Island |
| Belize |
Kiribati |
St. Kitts and Nevis |
| Bermuda |
Kuwait |
St. Lucia |
| Bolivia |
Labuan |
St. Pierre and Miquelon |
| British Virgin Islands |
Lebanon |
St. Vincent and Grenadines |
| Brunei |
Liberia |
Sultanate of Oman |
| Cayman Islands |
Liechtenstein |
Svalbard Islands |
| Channel Islands1 |
Luxembourg2 |
Swaziland |
| Christmas Islands |
Maldivas |
Tokelau Islands |
| Cocos (Keeling) Islands |
Marshall Islands |
Tonga |
| Cook Islands |
Mauritius |
Trinidad and Tobago |
| Costa Rica |
Monaco |
Tristan da Cunha |
| Cyprus |
Montserrat |
Turks and Caicos Islands |
| Djibouti |
Nauru |
Tuvalu |
| Dominica |
Norfolk Island |
United Arab Emirates |
| Dutch Antilles |
Niue Island |
Uruguay |
| Falkland Islands |
Northern Marianas |
US Virgin Islands |
| Fiji Islands |
Pacific Islands |
Western Samoa |
| French Polynesia |
Palau |
|
| 1Alderney, Guernsey, Jersey, Great Sark, Herm, Little Sark, Brechou, Jethou, Lihou. |
| 2Only in relation to 1929 holding companies. |
This list is vitally important to Madeira companies given that there is a large amount of anti-evasion legislation applicable to operations with entities resident in these territories.
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