Combating Money Laundering and Terrorism
23 November 2020
The European Union has tightened the rules for combating money laundering and terrorism, therefore, the Portuguese Law no. 58/2020, of 31st August 2020 has entered into force on 1st September 2020. This law transposes Directive (EU) 2018/843 of the European Parliament and of the Council of 30th May 2018 amending Directive (EU) 2015/849 and Directive (EU) 2018/1673 of the European Parliament and of the Council of 23rd October 2018, amending several laws.
Among many policies, this increased set of rules now provides the legal system guidance about the use of cryptocurrencies and specially, the increased number of entities that are now required to report and communicate to the authorities a large number of clients’ personal information and documentation in case any suspicious activity occurs.
These entities, law firms and real estate agencies included, need to comply with customer due diligence and “Know Your Customer” duties when providing a large number of services. These obligations imply collecting a considerable amount of information and documentation from their clients prior to the provision of that service and are required to store that data for a period of 7 years.
In Portugal, the annual income tax return for the 2024 tax year – IRS Modelo 3 – must be submitted between 1 April and 30 June 2025. Even though, you may request an extension of the filing deadline until 31 December of the same year by submitting Modelo 49 of the Portuguese Personal Income Tax system in certain circumstances.
A nova legislação veio transformar o regime das Autorizações de Residência para cidadãos da CPLP. Entre as principais mudanças, destaca-se a introdução de um cartão físico com validade de 2 anos, a necessidade de visto consular prévio, e o acesso à livre circulação no Espaço Schengen – algo até agora inacessível com este tipo de autorização.
Bought a new or recently renovated home in Portugal, only to find leaks, cracks, or other defects? You may be entitled to legal protection under Portuguese law, with warranty periods ranging from five to ten years. Learn how to identify defects, notify the responsible party, and take action. This article explains your rights and the steps to protect your investment.
A branch is not a separate legal entity. It operates as an extension of the parent company and is fully dependent on it, both legally and financially.
To maximise these benefits, property buyers should assess eligibility before purchasing a property, ensuring it meets the criteria for IMT exemption.
Acquiring Portuguese citizenship through marriage or a civil partnership with a Portuguese national may appear to be a straightforward legal process.
The D2 Visa allows non-EU, EEA, and Swiss nationals to legally start a business, invest, or engage in entrepreneurial activities in Portugal.
A “green lane” will be established to streamline the work visa process for foreign nationals being recruited by Portuguese companies.
The income earned in 2024 must be declared between 1 April and 30 June 2025 by submitting the IRS Model 3 declaration.
Na área migratória, a isenção de visto não só para turismo, mas também para atividades culturais, empresariais ou jornalísticas.