Registration of companies in Madeira – SA
from 1860 c.u.
Madeira Island is an autonomous zone of Portugal, which is a classic offshore zone.
This area is attractive not only due to significant tax and investment incentives, but also due to the excellent climate and low prices.
That is why Madeira is of interest to many investors and entrepreneurs today.
The most profitable way to register a company in Madeira
Madeira offers a wide range of companies, however, SA (similar to LLC) is the most common.
How is the registration of companies in Madeira regulated?
Madeira is part of Portugal and is subject to Portuguese law.
When registering companies in Madeira, we are guided by the Portuguese Companies Law.
SA features
This type of property is suitable, as a rule, for larger businesses. Usually a number of conditions are distinguished, such as:
- Number of shareholders — from 5
- Residence of shareholders is not important
- Minimum authorized capital — 50 000 EUR
- Issuance of shares allowed
- The Board of directors governs the company
There are also a number of distinctive features, which you can learn more about on our free consultation.
Company registration process in Madeira
The process of registering a company is as simple as possible and takes very little time.
In general, the procedure consists of several consecutive stages:
- Submission of an application for company registration
- Opening a bank account and depositing the required authorized capital
- Putting the company on tax records and with social security authorities
- Passing through all necessary registration authorities in various state registries
- Publication of the Charter
Tax rates
The income tax rate is 27.5%, VAT is 19% and there are a number of other taxes that depend on the type of the activity of the enterprise.
It is very important to pay taxes and submit reports on time.
If you are interested in opening a company in an offshore zone in Portugal, contact our specialists and get comprehensive advice on all your questions.
