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Madeira Offshore Company Formation

Madeira, an autonomous region of Portugal, is an archipelago comprising four islands off the northwest coast of Africa. It’s known for its namesake wine and warm, subtropical climate. The main island of Madeira is volcanic, green and rugged, with high cliffs, pebbly beaches and settlements on deltas of the Fajã River. The capital Funchal has botanic gardens and is known for its harbour and a large New Year’s fireworks show.

Country: Madeira (Portugal)
Population: 267,800
Capital: Funchal
Currency: Euro
Language: Portuguese speaking

Madeira Offshore Company Formation £6650.00 + Vat
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Services Included Year 1 Year 2 onwards
Incorporation N/A
Corporate Structuring N/A
Government Fee €1800
Corporate Domicile €2200
Director & Nominee Service Optional Extra Optional Extra
Estimated renewal costs in year two: £5,460.00

 Details of Private Limited Company – Lda:

  • Permitted to have only one subscriber and thereafter only one quotaholder (shareholder). If only one quotaholder, then the name “Sociedade Unipessoal” must be reflected in the company name.
  • Permitted to have only one director.
  • Director need not be local resident.
  • Meetings of directors or shareholders may be held in any country.
  • Automatically provided with a VAT number usable in the EU on incorporation.
  • Books of account must be maintained in Portuguese. If the company is managed outside of Madeira, accounting information must be supplied at least quarterly to an official accounting officer appointed in Madeira.
  • Requirement to file accounts and annual returns.
  • Application fee to operate within free-trade zone of €750 with an annual fee thereafter of €1500.
  • Fixed level of taxation

Please note that information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.

Banks

A member of the banking team will be able to advise on the most suitable offshore bank account.

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.