Portugal published Law No. 21/2021 in the Official Gazette on 20 April 2021, which introduces amendments regarding the Madeira Free Zone (Zona Franca da Madeira). This includes that companies may apply for a license to operate in the Free Zone until 31 December 2021, with companies granted a license allowed to benefit from the Free Zone tax benefits until 31 December 2027. The amendments also provide updated requirements regarding the creation of jobs and minimum investment in fixed assets to qualify for the tax benefits in order to comply with EU State aid rules. One of the main tax benefits...