PORTUGAL: Portugal toughens migration rules ahead of upcoming EU elections

The Portuguese government has put an end to an exceptional regime that allowed foreigners to enter Portugal and then apply for a residence permit.

Portugal announced a new plan to toughed immigration rules on Monday.

The Portuguese government put an end to the regime that allowed foreigners to enter the country and only then apply for a residence permit.

They also announced the creation of a structure to settle an estimated 400,000 pending residency cases.

From now on, it will no longer be possible for a foreigner with a tourist visa to apply for legalisation in Portugal.

“We want to put an end to some mechanisms that have become an excessive abuse of our willingness to receive,” said the Portuguese Prime Minister Luis Montenegro. “That end is today.”

The announcements come days before millions of European head to the polls to vote for their representatives in the European Parliament – in an election widely anticipated to tilt the bloc to the right.

26 February 2024

ASIA: South Korea tracks tax evaders’ crypto with new digital system

The South Korean government has introduced a new digital system to track tax evaders’ cryptocurrency transactions. In a bid to crack down on tax evaders, the Gyeonggi tax department in South Korea

Read More
8 November 2024

CAREY OLSEN: Carey Olsen takes lead role in new TISE ‘Specialist Companies’ equity rulebook

Press Release from Carey Olsen, Friday 8 November, 2024. The International Stock Exchange (TISE) has today announced the publication of its new ‘Specialist Companies’ equity rulebook (the

Read More
12 September 2025

UK: Reeves Blocks Wealth Tax Plan: Defies Labour Hopeful, Gambles with Public Finance Chaos

Chancellor Rachel Reeves has rejected a wealth tax to plug a £50 billion ($76.7 billion) fiscal deficit, defying Labour MPs pushing for levies on the ultra-rich. Her decision, announced on 9 September

Read More
5 September 2025

GUERNSEY FINANCE: Guernsey Boosts UK Capital Inflow

The Channel Islands jurisdiction’s report about the value such an IFC brings to the UK comes at a time when such locations continue to promote their “value-added” status in the global

Read More