Incorporation of an IBC in Madeira

The powers and objects of a Madeira Company are contained within its constitution and have to be specific. The time taken to incorporate a company in Madeira is 60 working days.

Corporate Acts

Portuguese Companies Code (Codigo das Sociedades Comerciais)

Benefits to open IBC in Madeira

Type of Company - Limited

Political Stability - Good

Civil Law   

Disclosure of Beneficial Owner – Not Required

Migration of Domicile - Permitted 

Tax on Offshore Profits - Nil

Requirements for IBC in Madeira 

Minimum Number of Shareholders - Two

Minimum Number of Directors - One

Bearer Shares Allowed - No

Corporate Directors Permitted - No

Company Secretary – Not Required

Standard Authorized Share Capital - Euro 5,000

Local requirements   

Registered Office/Agent - Required

Company Secretary - Not Required

Local Directors – Not Required

Local Meetings – Not Required

Government Register of Directors - Required

Government Register of Shareholders - Required

Annual Return – Not Required

Submit Accounts - Required

Minimum Annual Tax/License Fee - US$ 1,000

Annual Return Filing Fee - Nil

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