Portugal

Directive 2013/34/EU and its implementation in the Italian discipline (Legislative Decree n. 171 draft). Changes to the Italian Civil Code

Following a public consultation that the Finance Ministry had promoted on the implementation in Italy of the Directive 2013/34/EU on annual and consolidated financial statements and related reports, the Italian Government has recently issued (May 2015) the Legislative Decree n. 171 draft containing modifications to the current legislation that will affect the domestic framework on […]

Dr. Pierino PostacchiniChartered Accountant, Auditor, BP&A, Finance and Business consulting

Directive 2013/34/EU on annual and consolidated financial statements and related reports.

Directive 2013/34/EU of 26 June 2013 is aimed at amending Directive 2006/43/EC of the European Parliament and of the Council and repealing Council Directives 78/660/EEC and 83/349/EEC. Such Directive will oblige all member States to bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 20 July 2015. Directive […]

Dr. Pierino PostacchiniChartered Accountant, Auditor, BP&A, Finance and Business consulting

New code of advertising – Pedro Pinto, Bessa Monteiro, Reis, Branco, Alexandre Garden & Associados

In order to create an instrument more accessible to consumers and businesses and improve the effectiveness and quality of the normative framework of advertising materials, the Government has reviewed the legal regime of advertising by proposing the creation of a new code of advertising “. This proposal for a new law has a phase of […]

Unique Environment licensing scheme: A title, a process, a fee – pbbr.a

 Unique Environment licensing scheme: A title, a process, a fee     1. Framing Was published on 11 may, Decree-Law No. 75/2015, which approves the long-awaited single licensing scheme (LUA) Environment. This new MOON scheme aims at the simplification of procedures of environmental licensing schemes, regulating the procedure for issuing the Single Title environmental (YOUR), embodied in […]

GOLDEN VISA PORTUGAL – NEWS AND 2015 UPDATE

The Portuguese Government announced that it will reformulate the regime currently in force for the granting of ARI/Golden Visa to nationals of non-European Union and non-Schengen countries carrying out investment activities in Portugal. The above proposed reformulation have now been approved by the Portuguese parliament and is pending from publication at the Portuguese Official Gazette. […]

João Valadas CorielManaging Partner, Valadas Coriel & Associados

The Procedural Conference in the new CPA: a faster public administration? – Pedro Pinto, Bessa Monteiro, Reis, Branco, Alexandre Jardim & Associates

The new code of administrative procedure (hereinafter ‘ CPA ‘), approved by Decree-Law No. 4/2015, of 7 January, in force since 7 April, introduced relevant changes in the administrative procedure, of which stands out the figure of Procedural Conferences (articles 77 to 81).  1. purpose It is an autonomous administrative procedure phase, already provided for in […]

PORTUGAL BECOMES A MORE COMPETITIVE HUB FOR CIVS – Valadas Coriel & Associados

NEW TAX REGIME FOR COLLECTIVE INVESTMENT VEHICLES (CIVS): PORTUGAL BECOMES A MORE COMPETITIVE HUB FOR CIVS  On the 13th of January 2015 Decree-Law No. 7/2015 was published, altering the tax regime for the Collective Investment Vehicles (CIVs), a concept including both securities investments and real estate funds, and securities investment and real estate investments companies. […]

João Valadas CorielManaging Partner, Valadas Coriel & Associados

Descendants of Sephardic Jews: The regulations of the nationality law finally published

Decree-Law nº 30-A/2015 of 27 February finally approved the regulations on the grant of Portuguese nationality to descendants of the Sephardic Jews unfairly expelled from Portugal around the end of the XV and early XVI centuries. In practical terms, Portuguese nationality now becomes available to descendants of Sephardic Jews able to prove having: (a) a […]

João Valadas CorielManaging Partner, Valadas Coriel & Associados

European Commission approves Regime IV of the International Business Centre of Madeira

SDM is pleased to announce that the European Commission has formally authorized Regime IV of the International Business Centre of Madeira (IBCM). Under the terms approved by the EC, companies licensed to operate within the framework of the IBCM will enjoy until the end of the year 2027 a reduced corporate tax rate of 5%, […]

Sandra Jardim FernandesHead of Immigration Dept, Valadas Coriel & Associados