Author - wassim hanchi

Mercan Group to Invest 450M Euros in 8 New Lisbon & Algarve Hotels

In an anticipated move, Mercan Group disclosed plans to commence construction this year on multiple hotel projects, including Portugal's inaugural Hard Rock Hotel, set to grace Vau Beach. The Canadian conglomerate will inaugurate three hotels this year, solidifying their commitment to the country.Miguel Gomes,...

Non-Habitual Resident (NHR) regime

On the most recent Tuesday, which was the 14th of the month, a significant debate took place regarding the State Budget for the year 2024. The discussion primarily focused on the non-habitual resident regime. During this debate, the government introduced a proposal outlining a transitional...

Is the Era of the Portuguese NHR Regime Coming to a Close?

How the taxation for new residents may look in 2024The Non-Habitual Resident (NHR) regime is a beneficial tax regime that offers people who were not tax residents in Portugal for the past 5 years a more favorable Personal Income Tax (PIT) for a period of...

Mercan Group joined the Portuguese Diaspora Council in Canada!

Mercan Group joined the Portuguese Head of State for a prestigious event in Toronto, celebrating 70 years of Portuguese emigration to Canada.The Portuguese Diaspora Council hosted a corporate gala that marked the beginning of Portuguese President Marcelo Rebelo de Sousa's visit to the emigrant communities of...

Latest Update on Portugal Golden Visa on September 22, 2023

As per initially scheduled following the Conferência de Líderes, we would like to inform you, that the Parliament has just reconfirmed the “Mais Habitação” law with the votes in favor of 119 deputies from PS (Government party) and against 87 deputies, which means all opposition...