Ecovis in Cyprus

ECOVIS International is now offering M&A services in Morocco

19.12.2024

In addition, to our partners of ECOVIS Morocco, we welcome our new partners from ECOVIS Advisory Morocco.

ECOVIS Advisory Morocco is a capital raising, mergers and acquisitions consultancy offering M&A and Strategy services. The financial investment advisory firm is run by Mehdi Alami and Amine Lahlou. With a team of passionate experts, ECOVIS ADVISORY MOROCCO supports its clients in the transformation of their projects, focusing on innovation, performance and sustainability.

Amine Lahlou is enthusiastic about joining ECOVIS International:

“This change marks a new stage in the development of the firm, which is broadening its scope and resources to meet the needs of its customers with innovative solutions and global support. SEVEN 11 PARTNERS has become ECOVIS ADVISORY MOROCCO, reflecting its ambition for growth and its desire to join the Ecovis network’s standards of excellence. As a member of this international network, ECOVIS ADVISORY MOROCCO now benefits from close collaboration with experts from all over the world and privileged access to the industry’s best practices, methods and technologies.”

We warmly welcome our new colleagues from Morocco to the Ecovis family!

Portugal’s new tax measures: State budget for 2025

18.12.2024

The Portuguese state budget includes some new tax measures. These include the exemption of income tax for young people and the gradual reduction of corporate tax for companies. The Ecovis experts explain the details of the 2025 state budget.

The 2025 budget has been approved in general. However, it must still pass through two more phases before approval:

• A discussion about specific aspects that the opposition may want to see altered.
• The vote on the final version. This is expected to be very similar to the current one.

The budget will result in new benefits and opportunities within the tax landscape and includes a few notable tax measures concerning both individuals and companies.

Financial relief for young people and individuals

The most significant policy in terms of personal income tax is the planned exemption for young people. It foresees that income from employment and self-employed work earned by a person up to the age of 35, who is not considered a dependent, will be partially exempt from personal income tax for the first 10 years of work. The exemption is limited to €28,009.03 and will apply as follows (with a few exceptions):

• No income tax in the 1st year of work
• A tax exemption of 75% in the 2nd to the 4th year
• A tax exemption of 50% in the 5th to the 7th year
• A tax exemption of 25% in the 8th to the 10th year

With the reduction in corporate tax, Portugal is becoming even more attractive for foreign investors.

Eloísa Ribeiro Santos, Partner, RBMS – Member of ECOVIS International, Lisbon, Portugal

These measures are aimed at incentivising young people to stay in Portugal and attracting even more young people from other countries.

In another planned measure, company owners will be allowed to deduct 20% of the capital invested in their companies from their personal income tax.

Corporate tax cut to boost economic growth

In corporate income tax, the leading policy next year is the beginning of a gradual decrease in the tax rates for the first time in over a decade. According to the current version of the state budget, the tax rate applicable to the first EUR 50,000 of taxable income of SMEs will be cut from 17% to 16% next year. The tax rate applicable to the remaining taxable income and to 100% of the taxable income of large companies will come down from 21% to 20%.

The planned corporate income tax measures seek to attract even more foreign investment and increase the capitalisation of existing companies.

For further information please contact:

Eloísa Ribeiro Santos, Partner, RBMS – Member of ECOVIS International, Lisbon, Portugal
Email: eloisa.rsantos@rbms.pt

Bernardo Viana de Sá, Associate, RBMS – Member of ECOVIS International, Lisbon, Portugal
Email: bernardo.vsa@rbms.pt

Vaz de Almeida Advogados among the “Most Admired Law Firms in Brazil” for the 9th time

11.12.2024

Vaz de Almeida Advogados has been recognised for the 9th time as one of the “Most Admired Law Firms in Brazil by Major Companies”. This award is part of the “Análise Advocacia” 2025, which was presented on Thursday 28 November in São Paulo.

Influential Survey Among Business Leaders

The “Análise Advocacia” editorial project is an initiative of Análise Editorial and is widely regarded as the most comprehensive and important survey of the Brazilian legal market.

According to the publisher, only legal directors, CEOs and CFOs of Brazil’s 2,000 largest companies and financial institutions by revenue are invited to participate in the survey. Respondents are asked to spontaneously name the law firms they most admire, the practice areas in which those firms excel and their favourite lawyers – regardless of whether they are currently clients. The result is a unique panorama of the most admired firms and lawyers in the market and the areas of law in which they excel.

Team Success and Individual Recognition

With this latest recognition in the 2025 edition, Vaz de Almeida Advogados now has a total of nine nominations. The survey also highlights individual lawyers, and Vaz de Almeida is well represented in this regard. Amanda Pesciutti Duarte (corporate and business legal support) and Julhi Almiron Bonespírito (litigation and alternative dispute resolution) are among the “Most Admired Lawyers in Brazil”. Notably, this is the third time that Amanda has received this recognition.

International Expertise in the Automotive Sector

The 2025 edition of “Análise Advocacia – The Most Admired Law Firms and Lawyers in Brazil by Major Companies” also recognises Vaz de Almeida Advogados for its outstanding international expertise in the automotive and automotive parts sector. A significant proportion of the firm’s clients are Tier 2 companies headquartered in countries such as Germany, France, Italy, the United States and Canada.

Regional Excellence in São Paulo

Análise Editorial also ranked Vaz de Almeida among the “Most Admired Law Firms in the State of São Paulo”, distinguishing it as a “boutique firm” due to its technical excellence, highly personalised approach to clients and specialised practice areas.

For further information please contact:

Caio Vaz de Almeida, Managing Partner, Vaz de Almeida Advogados – Member of ECOVIS International, São Paulo, Brazil
Email: caio.vazdealmeida@vazdealmeida.com