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Bearing in mind the unique advantages of the International Business Center of Madeira, New Madeira has conceived and created a product brochure specifically dedicated to investment in Angola and other Portuguese-speaking African countries.
On 27th and 30th August 2010, the Conventions between the Portuguese Republic and the Republic of Panama and the Republic of Colombia, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, were signed respectively.
Portugal also signed recently an agreement for the exchange of information relating to tax matters with Belize, bringing to 13 the number of agreements of this kind signed by Portugal.
Our purpose is to inform you about the existence of these conventions and agreements, which increases the network of conventions and agreements of this nature concluded by Portugal, improving the competitiveness of the International Business Centre of Madeira as well as its capacity to attract foreign investment.
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INVESTMENT IN ANGOLA AND OTHER PORTUGUESE SPEAKING AFRICAN COUNTRIES
Bearing in mind the advantages of the International Business Center of Madeira towards investment in Angola and other Portuguese-speaking African countries (for example, Mozambique, Cape Verde and São Tomé e Príncipe), New Madeira has conceived and created a product brochure specifically dedicated to this topic.
Indeed, the possibility of exemption from tax on dividends received from an Angolan subsidiary, coupled with low taxation of income of the company – 4 to 5% up to 2020 – and the exemption from withholding tax on distribution of profits, interest and royalties to its shareholders, makes Madeira the vehicle of choice for investment in Angola.
Therefore we invite you to read this product brochure carefully, available here.
PORTUGAL CONCLUDES NEW CONVENTIONS FOR THE AVOIDANCE OF DOUBLE TAXATION AND OTHER AGREEMENTS FOR THE EXCHANGE OF INFORMATION RELATING TO TAX MATTERS
On 27th and 30th August 2010, the Conventions between the Portuguese Republic and the Republic of Panama and the Republic of Colombia, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, were signed respectively. An agreement of the same nature with Barbados was also signed recently. These conventions have not yet been submitted for the approval of the Parliament.
In order to combat fraud and tax evasions, Portugal also recently signed an agreement for the exchange of information relating to tax matters with Belize, bringing to 13 the number of agreements of this kind signed by Portugal. We recall that Portugal has already signed agreements, based on the OECD model, with St. Kitts and Nevis, Santa Lúcia, Dominica, Jersey, Guernsey, Man, Bermudas, Cayman Islands, Andorra, Gibraltar and Antigua and Barbuda.
With these new conventions and agreements, Portugal increases its network of conventions for the avoidance of international double taxation and agreements to combat fraud and tax evasion. The conclusion of conventions of this nature, contributes to the competitiveness and capacity to attract foreign investment to Portugal.
Consult all the conventions concluded by Portugal here.
New Madeira, an independent corporate service provider with a vast experience attracting inward foreign investment to Madeira, has provided all professional services related to the evaluation, implementation and management of business-related structures in the International Business Centre of Madeira, since 1990.
Please feel free to consult our website at www.newmadeira.com.
Should you require further clarification on the above or to discuss any other specific structure, do not hesitate to contact us.
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