Main Characteristics and the basic rules of Company registration in Madeira
Located towards southwest of Portugal, in the North Atlantic Ocean, Madeira is an archipelago. Infact it is an autonomous region of Portugal. An integral part of European Union (EU), Madeira has become one of the most coveted destinations for businessmen willing to setting up offshore company. The credibility offered by Madeira is unparallel when compared to other offshore jurisdictions. After forming a company in Madeira and after completing registration, the company will be considered as a Portuguese corporation. Madeira company formation has its own set of processes and procedures, but with due help from BRIS Group, the whole thing seems easy and hassle-free.
Benefits of company formation in Madeira
There are many reasons why business owners find Madeira company formation to be a preferable choice. Mentioned below are some of the benefits:
Important requirements for company formation in Madeira
Though we at BRIS Group will help you in all ways for Madeira company formation, we want our clients to know regarding the important requirements that are needed for offshore company formation.
Endow the responsibility of company formation in Madeira with us, the BRIS Group and see the great results. Call us today!
|Madeira Company Formation||Financial Advantages|
|Double Taxation Treaty Access:||Yes Treaty Access 62|
|Hungary Tax Information Exchange Agreements:||Yes, Madeira signs Exchange Agreements|
|Account Filing Requirements:||Yes accounting or reporting requirements in Portuguese|
|Annual Return Filing Requirements:||Yes annual return/ reporting requirements|
|Audit Requirements:||No audit required.|
|Madeira Company Formation||Registration Requirements|
|Share Capital:||EUR 5000 Minimum paid up share capital EUR 1|
|Classes of Share Available for Madeira company formation:||Registered shares and shares of no par value|
|Bearer Shares:||Not Allowed|
|Registered Office Required:||Yes, required and must be maintained in Madeira|
|Shareholders:||Minimum number is one|
|Directors:||Minimum number is one. Can be any nationality and need not be resident in Madeira. Corporate directors are not allowed.|
|Your Company language:||English|
|Name of your Company must be ended:||Lda, SA|
|Documents required for Madeira company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
|Madeira Company Formation||Restriction|
|For Madeira company formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||No restrictions on trade|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
|Madeira Company Formation||Confidentiality and Security|
|Publicly Accessible Records:||Yes public register of company officers (Directors, Shareholders, Secretary)|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities:||No|
|Meetings of Directors and Shareholders to be held:||Anywhere|
|Stability:||Steady jurisdiction and highly regarded reputation.|
|Region:||An autonomous region of Portugal, is an archipelago comprising 4 islands off the northwest coast of Africa.|
|Governing corporate legislation:||Portuguese Companies Code as set out in Decree Law No 262/86|
|Type of Law:||Civil|
|Language of Legislation and Corporate Documents:||Portuguese|
The legislation regulating the new Regime IV applicable to the Madeira International Business Centre (MIBC) and which was approved by the EU Commission earlier this year, has finally been published in Portugal and is now in force.
It is therefore now possible to obtain new licences with the following specific benefits:
The additional tax benefits already applicable to existing licensed MIBC companies will also apply to these new licenses, namely:
Madeira is certainly a credible and stable location for international operations, providing an extremely competitive low tax rate, guaranteed until the end of 2027.
For further information on the Regime IV and the Madeira International Business Centre, please contact our office.
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.