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Company registration in Madeira
- Price:10 500 EUR
- Term:1 month
Madeira is a unique preferential economic zone in Portugal. The island jurisdiction provides lower tax rates than the mainland, which contributes to the influx of foreign investors. Until 2027, the island has the lowest rates in Europe, so it is worth taking a closer look at this direction and those who wish to do business with Europe. With the right approach to building a corporate structure, a Madeira company actually acts as an offshore mechanism.
On the island, it is promising to develop such areas as: international trade, including agricultural products, IT, pharmaceuticals, online business, consulting, marketing, intellectual property ownership, and logistics. Also, this direction is popular for creating holdings, registering yachts and ships, and buying real estate.
- identification of the client according to the KYC procedure
- registration procedures
- payment of the registration fee
- registration and payment of a license for the first year of activity
- services of a legal address for a year
- registered agent services
- registration with tax and social authorities
- obtaining a VAT number
- legal and tax advice
- preparation of a package of corporate documents
- translation into English and apostille on the registration statement and charter
- one courier delivery
- verification of the company's compliance with all compliance and KYC criteria
- legal support of the company
- registered agent services
- services of a legal address for a year
- legal and tax advice
- 1Madeira is a special offshore zone of Portugal, with tax benefits
- 2Non-resident business can enjoy a reduced profit rate of 5%
- 3There are no requirements for the nationality of the managers and participants of the companies
- 4There is a type of companies that can be created with one member
- 5Simple procedure for issuing a VAT number
- 6The possibility of obtaining a residence permit for investment in business or real estate
- 7Remote company registration procedure available (by proxy)
- 8Madeira allows companies to redomiciliate (relocate)
Despite the fact that Madeira is an autonomous part of Portugal, it has a distinct tax system from the mainland. Until 2027, non-resident companies can qualify for a reduced corporate tax rate of 5% if they meet the requirements for having at least one local employee and investing in the first two years of operation from 75 000 EUR. In other cases, a general rate of 14,7% applies, which is significantly lower than in mainland Portugal, where the income tax is 20%.
Dividends paid to non-Portuguese shareholders are not subject to taxation in Portugal. Distribution of income to residents is taxed at a rate of 25%.
Madeira companies after registration are required to issue a license to conduct activities and pay an annual fee for its renewal, the amount of which is 1800 EUR.
You can register business activities on Maider in the following forms: a private entrepreneur, a partnership (simple or limited), a limited liability company (individual or closed), a joint-stock company, a branch, a holding.
For foreign investors, a limited liability company with one member (Unipessoal LDA) or with several members (LDA) is most suitable. For a respectable large business, a Joint Stock Company (AS) is worth considering.
Both forms allow non-residents to be 100% owners of local companies and qualify for tax benefits.
- Capital – the minimum declared amount is 2000 EUR. Payment must be made before the end of the first financial year of the company.
- Shareholder – one private person of any residency.
- Director - a private or corporate person of any residency. A minimum of 1 director must be appointed. The director and shareholder can be the same person.
- Secretary - Appointment is optional.
- Register of beneficiaries - discoveries, information about owners is available publicly. For good reasons, it is possible to hide personal data.
- Available information - about the name, legal address, amount of authorized capital, directors, shareholders, beneficiaries.
- Substance requirements - at least one local (resident) employee is required to enjoy tax benefits.
- Legal address - a local virtual office is required.
- Registered Agent - The company must have an agent in Madeira who will handle all the paperwork.
- Capital – the minimum declared amount is 5000 EUR. Payment must be made before the end of the first financial year of the company.
- Shareholder – at least two private or corporate persons of any residency.
- Director – at least one private or corporate person of any residency. The position is compatible with the shareholder.
- Secretary - Appointment is optional.
- Auditor - large companies should have an auditor on staff.
- Register of beneficiaries - discoveries, information about owners is available publicly. For good reasons, it is possible to hide personal data.
- Available information - about the name, legal address, amount of authorized capital, directors, shareholders, beneficiaries.
- Substance requirements - at least one local (resident) employee is required to enjoy tax benefits.
- Legal address - a local virtual office is required.
- Registered Agent - the company must have an agent in Madeira who will handle all the paperwork.документацию.
- Capital – the minimum declared amount is 50 000 EUR. 30% must be formed before the start of registration. It is also necessary to create a reserve fund in the amount of 20% of the authorized capital.
- Shareholder - a private or corporate person of any residency. The minimum number is 5.
- Director – at least one private or corporate person of any residency. The position is compatible with the shareholder. If the authorized capital exceeds EUR 200,000, the Board of Directors is appointed for management.
- Secretary - not required.
- Auditor - large companies should have an auditor on staff.
- Register of beneficiaries - discoveries, information about owners is available publicly. For good reasons, it is possible to hide personal data.
- Available information - about the name, legal address, amount of authorized capital, directors, shareholders, beneficiaries.
- Substance requirements - at least one local (resident) employee is required to enjoy tax benefits.
- Legal address - a local virtual office is required.
- Registered Agent - the company must have an agent in Madeira who will handle all the paperwork.документацию.
All Madeiran companies are accountable and annually submit financial statements to the tax authorities. The deadline for submitting reports is 15.07.
In addition, firms that meet any two of the criteria below for two consecutive years are required to prepare audit reports:
- the value of the assets exceeds 1 500 000 EUR;
- annual income over 3 000 000 EUR;
- a workforce of 50 employees.
- 3 desired company names
- description of directions of work of the future company
- national and foreign passports of all shareholders and directors
- identification tax number of shareholders and directors
- confirmation of the shareholder's registration address (eg utility bill)
- confirmation of the directors' registration address (eg utility bill)
- contact details (telephone and e-mail) for entering into the register
- information about the civil status of the founder and director, information about the spouse
- power of attorney from shareholders and directors to register the company