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The following are some of the most frequently asked questions about Madeira company formation:
How long does it take to incorporate a Madeira company?
How difficult is it to open a corporate bank account for a Madeira company?
Am I required to visit Madeira to incorporate a company there?
What is the minimum number of directors required for a Madeira company?
Is a resident director required?
What is the minimum number of shareholders required for a Madeira company?
Are shareholder/director details available for public viewing?
What are the minimum capital requirements for a Madeira company?
Is a Madeira company required to submit an annual return and/or financial statements?
How much tax does a Madeira Company pay?
Does a Madeira company benefit from Double Taxation treaties?
How long does it take to incorporate a Madeira company?
Registering a Madeira company takes about three weeks.
How difficult is it to open a corporate bank account for a Madeira company?
Opening a corporate bank account opening is straightforward in Madeira.
Am I required to visit Madeira to incorporate a company there?
No. Healy Consultants can legally incorporate your Madeira company without you needing to travel.
What is the minimum number of directors required for a Madeira company?
Under statutory regulations, a Madeira company requires a minimum of one director. Corporate directors are not allowed.
Is a resident director required?
A Madeira company does not require a resident director.
What is the minimum number of shareholders required for a Madeira company?
A minimum of one shareholder is required.
Are shareholder/director details available for public viewing?
No.
What are the minimum capital requirements for a Madeira company?
A Madeira company requires a minimum capital of 5000 Euros (US$6,500).
Is a Madeira company required to submit an annual return and/or financial statements?
A Madeira company is obliged to submit an annual return and/or financial. It is also required to have the accounts audited.
How much tax does a Madeira Company pay?
Madeira company located outside the special economic zones are subject to a corporate tax of 27%. However Madeira company located in the International Business Centre (IBC) is liable to only pay 3% corporate tax on all income.
Does a Madeira company benefit from Double Taxation treaties?
Companies located in the International Business Centre (IBC) can take advantage of treaties Portugal has signed with countries in Europe, Africa and Asia.
Contact Us
For more information on any of our Madeira corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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