Madeira
Capital: Funchal.
Official languages: Portuguese.
Currency: euro.
Company registration provides the following benefits:
- Low taxes.
- Stability and security.
- Access to European markets.
Madeira is a small volcanic island in the Atlantic Ocean, an autonomous region of Portugal, located on the archipelago of the same name in the North Atlantic Ocean.
Madeira Island has become an increasingly popular place to do business in recent years. This is facilitated by political stability, low taxes, and developed infrastructure. Since 2018, the island has had a special regime for international companies, thanks to which the income tax rate is only 5%.
Features of taxation and reporting
Companies in Madeira are required to file an annual tax return detailing their financial results. Submit information about directors and shareholders to the commercial register.
The time frame for obtaining a low-tax IBCM license is usually 2 weeks, but now due to the elections in Madeira it has increased to 1.5 -2 months. You can apply for a low-tax license at any time, even if your company has been operating for more than 1 year.
- Income tax - 14.7%.
- Withholding tax - 35%.
- VAT - 5-22%.
- For dividends and capital gains - 25%.
Taxation for a company in Madeira in the IBCM low tax zone:
- Income tax - 5%.
- Withholding tax - 0%.
- VAT - 5-22%.
- For dividends and capital gains - 0%.
- For capital gains - 0%.
Company registration
Time frame for company registration: 4-6 weeks.
The most popular option for registering a company in this country is the Private Limited Company Sociedade Anónima and the Public Limited Liability Company.
To register a company remotely, you will need to provide the following information:
- A copy of the passport of the partner/shareholder, director with an apostille.
- A document confirming the address of your permanent residence.
- Power of attorney in the form of the registrar (we will send a draft) notarized with an apostille.
A quick guide to registering a company in Madeira:
To quickly register a company, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
The low tax regime and convenient location make Maidera Island attractive to businesses from Europe, Asia and North America. However, when choosing a jurisdiction for a company, it is necessary to take into account not only current legislation, but also its possible changes in the future. We recommend consulting with IT-OFFSHORE lawyers to avoid possible legal consequences and ensure compliance with laws.
Our company offers comprehensive support for the company at all stages - from registration to full support of its activities. We not only help you legally register a company, but also take on many subsequent tasks.
In particular, our scope of services includes maintaining accounting and tax records, providing nominee directors and shareholders, leasing a legal address, obtaining all necessary licenses and permits for the company. We actually ensure the full operation of the business in accordance with the laws of a particular jurisdiction.
