Registration fee is from 4500 €
Registration period — 4 weeks
Minimum authorized capital - 1 EUR
Remote opening — yes
Financial statements — yes
Madeira is an autonomous region of Portugal with a special economic zone - the International Business Centre of Madeira (IBCM). The IBCM has been approved by the EU and is fully compliant with EU legislation. The special tax regime of the IBCM has been extended by the EU until 2027.
Maira Consult recommends using a Madeira registered company for international services and trading in the EU, African and Asian continents, as well as for shipping or yacht registration.
Importantly, Madeira is not considered as an offshore zone and is not included in any international blacklist. Accordingly, all companies registered in Madeira are considered as Portuguese, not offshore.
As a rule, companies are registered in the form of a private limited liability company (LDA) or a closed joint stock company (SA) in the IBCM. These types of companies allow to limit the liability of shareholders by their share in the share capital.
Our specialists know how to register a company in Madeira, providing highly qualified service and advising you on all issues.
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5% income tax for IBCM companies
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Possibility to open a bank account in Portugal
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Non-resident can be a director and shareholder
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Madeira is not on the blacklist of offshore zones
Advantages of company formation in Madeira in the IBCM zone: 1. Dividends - 0% in case of payment to non-residents of Portugal. 2. Exemption from withholding tax on royalties and interest. 3. Exemption from capital gains tax on the sale of shares. 4. 80% reduction in stamp duty and municipal real estate taxes.
The name of the company must end with a word, phrase or abbreviation that indicates the limited liability of the company: ‘Lda.’, ‘Limitada’, ‘Unipessoal’.
The minimum amount of the share capital is EUR 1. However, in order to successfully open an account with a Portuguese bank, it is recommended to increase the share capital to EUR 5000 and pay it in full after the company is registered in Madeira.
At least one individual, no residency requirements.
At least one individual or legal entity, no residency requirements.
All companies registered in Madeira and the IBCM zone are required to maintain and submit annual financial statements. An audit is mandatory if the company exceeds two of the three limits for 2 consecutive years: 1.The total value of assets exceeds EUR 1,500,000. 2. The total level of net sales and other income is more than EUR 3,000,000. 3. Number of employees - more than 50.
The standard corporate tax rate for companies registered in Madeira outside the IBCM zone is 14.7%. Companies registered in the IBCM are subject to a reduced corporate tax rate of 5% (until 2027). In the case of working with local Portuguese companies, the income tax rate will be 21%. In order for companies registered in Madeira to apply for the 5% corporate tax reduction, they must meet one of the following requirements: 1. Creation of one position (including part-time positions) for a Portuguese resident. 2. Investments of at least EUR 75,000 in fixed assets in the first two years of operation (real estate in Portugal, intellectual property, software, etc.). The VAT rate in the Autonomous Region of Madeira is 22%.
The public register is open. Information about the director, shareholder, beneficiaries and the size of the company's share capital is available to the public.
To register a company in Madeira, you must first make a request to the National Registry of Legal Entities to verify the name. Once the name is confirmed, the corporate documents are prepared.
Each shareholder of the company must provide a passport and proof of residence (utility bill). A Portuguese tax number (NIF) is required for the director and shareholder.
Company registration in Madeira can be done remotely or with a personal visit of the director and shareholders to Portugal.
After company formation in Madeira a bank account is opened in a Portuguese bank to deposit the share capital (the recommended amount is EUR 5000).
The process of company registration in Madeira generally takes 10-14 business days from the date of receipt of the required set of documents. During company formation in Madeira the mandatory IBCM stamp duty is paid.
As soon as a company in Madeira is registered, the registry issues ready corporate documents with the appropriate stamps.
If necessary, the documents of company registered in Madeira are submitted for legalisation and apostille.
Originals of corporate documents of company registered in Madeira are sent by courier service.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207