ECOVIS International

🌍 Portugal’s 2025 State Budget: New Tax Benefits 🚀 Portugal’s 2025 budget brings exciting tax measures to boost growth and attract talent: 1️⃣ Tax Breaks for Young Professionals Young people (up to 35) can enjoy up to 10 years of income tax relief, starting with: - 100% exemption in year 1 - Gradual reductions to 25% by year 10 (cap: €28,009.03). 2️⃣ Support for Entrepreneurs Deduct 20% of invested capital from personal income tax. 3️⃣ Corporate Tax Cuts - SMEs: Tax on the first €50,000 drops from 17% to 16%. - Large companies: Rates fall from 21% to 20%. These changes aim to attract talent, foster innovation, and boost investment. Eloísa Ribeiro Santos and Bernardo Viana de Sá know the details. ➡ https://lnkd.in/dGxveGpJ #Portugal #TaxReform #EconomicGrowth #ECOVIS

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We’re excited to welcome ECOVIS Advisory Morocco to the ECOVIS International family! 🌍 Specializing in capital raising, M&A, and strategy services, ECOVIS Advisory Morocco, led by Mehdi Alami and Amine Lahlou, helps clients transform their projects with a focus on innovation and sustainability. Amine Lahlou shared: “This marks a new stage for us, broadening our scope and aligning with ECOVIS standards of excellence. We look forward to global collaboration and access to best practices.” Welcome to the Ecovis family! 🎉 https://lnkd.in/d8tKzR8V #MergersAndAcquisitions #Innovation #GlobalNetwork

🌟 Vietnam’s Banking Sector: Key Innovations and Regulatory Changes 🌟   The new Law on Credit Institutions, effective 1 July 2024, introduces substantial updates to strengthen consumer protection and financial stability in Vietnam’s rapidly evolving banking sector.   📌 Key Changes:   ·        Transparency: Shareholders with ≥1% shares must disclose holdings and related parties; limits set on ownership by individuals and related groups. ·        Data Protection: Stricter requirements for customer data collection, storage, and disclosure. ·        Unbundling Products: Prohibition on tying credit to insurance products. ·        Credit Ceiling: Gradual reduction in individual and group credit limits by 2029. ·        Digital Banking: Encourages digital services like remote loan processing and digital signatures.   📈 Customer Impact:   ·        Benefits: Improved data security, dispute resolution, and more product options. ·        Challenges: Complex procedures and potential technical issues in digital banking.   Want to know the key changes? Vu Manh Quynh and Nguyen Nhuan know the details. ➡ https://lnkd.in/dF39i4G2   #VietnamBanking #RegulatoryChanges #ConsumerProtection #DigitalBanking #CreditInstitutions

🌍 Uruguay Free Trade Zone: A Prime Investment Opportunity 🌍   Uruguay’s free trade zones offer unparalleled benefits, including exemption from all national taxes for companies operating within these zones. With 14 zones across the country, they cater to industrial, commercial, and service sectors, backed by strong government support.   📌 Why Invest in Uruguay’s Free Trade Zones?   ·        Tax-Free Operations: No national taxes, present or future. ·        Skilled Workforce: Hire up to 25% foreign personnel to train local teams. ·        Flexibility: Home office option introduced (post-COVID) for up to 90% of staff. ·        National Stability: Uruguay’s political, economic, and social reliability ensures a safe investment environment. Multinationals are already leveraging Uruguay as a hub for regional operations and shared service centers.   Want to know the key changes? Cristina Caiafa knows the details. ➡ https://lnkd.in/duudAxmE   #UruguayFreeTrade #TaxAdvantages #InvestmentOpportunity #RegionalHubs

💡 Taxes in Slovakia: Key Legislative Changes 💡   Slovakia has introduced significant updates to its tax legislation, impacting corporate income tax (CIT), value-added tax (VAT), and introducing a financial transaction tax (FTT).   Want to know the key changes? Ľubomír Alezár knows the details. ➡ https://lnkd.in/dsJJKwjU   #SlovakiaTaxes #TaxUpdates #BusinessCompliance

🏢 Simplex Portugal: Legal Reforms Driving Change in Real Estate Development👀   In 2024, the Portuguese government launched Simplex, a transformative legal package designed to tackle housing shortages and streamline urban planning. By adopting a "zero licensing" approach, Simplex aims to simplify and accelerate the often slow and complex licensing processes, shifting from pre-construction controls to oversight during or after execution.   Key changes include the elimination of prior public validation, allowing developers to start construction after submitting required documents and paying fees. Additionally, usage licensing is no longer mandatory at the time of sale, shifting responsibility to buyers for ensuring legality.   These shifts highlight the increased need for comprehensive legal and technical support for developers and buyers alike.   🔍 Need insights on navigating Simplex? Gonçalo Areia at RBMS – Member of ECOVIS International, has summarized all the important information for you. ➡ https://lnkd.in/dFi4nbRw #portugal #legal #realestate

🌍 Stay ahead with our Global Business Insights newsletter! 🌍 In our latest edition: ✅ Economic Potential of Kosovo: Nehale Hajredini explains why Kosovo, one of Europe’s youngest countries, offers exciting opportunities for investors. ✅ Managing Tax Risks in China: 胡平雯 Pingwen HU knows how companies and individuals can proactively manage their tax obligations to identify and mitigate potential risks. ✅ New Whitepaper: Alexandra Pasareanu, FCCA provides an in-depth analysis of the role of ESG and explores the latest challenges and opportunities for businesses worldwide. 📩 Don’t miss out on expert insights - subscribe today! #newsletter #globalnews #ecovisexperts #ecovisinternational

🌟 Invest in Kosovo: A Top Destination for Growth 🌟   With 4% GDP growth, a skilled, young workforce, and a business-friendly environment, Kosovo offers exceptional opportunities for investors.   📌 Key Benefits:   ·        Young Talent: Over 50% of the population is under 30, offering expertise in IT, engineering, and business services. ·        Low Taxes: A 10% corporate tax rate, among the lowest in the region. ·        Strategic Location: Gateway to Balkan and European markets with CEFTA trade advantages. ·        Ease of Doing Business: Streamlined processes for foreign investors. ·        Competitive Labour Costs: Cost-effective for labour-intensive sectors.   📈 High-Growth Sectors:   ·        IT & Tech ·        Renewable Energy ·        Agriculture ·        Real Estate   👀 Want to know more about it? Nehale Hajredini knows the details. ➡ https://lnkd.in/dDZeWUXU   #InvestInKosovo #EconomicGrowth #BusinessOpportunities

🌍 Company Secretarial Services in Poland: Navigating Regulatory Challenges with Ease 🌍   In today’s complex business environment, compliance with regulatory obligations and corporate governance standards can be daunting—especially for foreign investors. Here’s how Ecovis Legal Poland helped an Asian client establish operations in a highly regulated sector in Poland.   📌 Case Study: Overcoming Regulatory Hurdles in Poland   The client aimed to operate in the consumer loans sector, a field sensitive to anti-money laundering (AML) regulations. The combination of a non-EU ultimate beneficiary owner and regulatory complexity posed challenges, particularly in starting operations and cooperating with banks.   💡 Ecovis Support Enabled Success:   ·        Director Services: Ecovis provided interim directors during the critical startup phase. ·        Compliance Expertise: Focused AML support ensured regulatory readiness. ·        Licensing & Banking: Facilitated licensing processes and bank account openings to kickstart operations.   🏢 Comprehensive Company Secretarial Services:   With over 20 years of experience, Ecovis handles everything from board meeting minutes to regulatory filings and corporate housekeeping, ensuring smooth operations for foreign companies in Poland.   👀 Want to know more about it? Piotr Pruś knows the details. ➡ https://lnkd.in/d--SAWfz   #BusinessSupport #Poland #Compliance #CorporateGovernance #AML #ForeignInvestment