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| The advantages of incorporating a company in Madeira |
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The advantages of incorporating a company in Madeira (which has a specific treaty with Portugal and the rest of the EU) are the following :
- Few administrative formalities once the company is formed
- Virtually no tax on profits
- Officers of the company can be paid fees without any with-holding tax deduction being made
» Madeira companies (Lda or SA) are ideal structures for holding shares in operating companies or for receiving important payments resulting from the sale of assets or commodities. However, it is important to understand that incorporation is a long-drawn out process that can last up to three months and that the cost of incorporation starts at 12,500 €.
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