Why invest in Madeira?
Member state of the European Union
Madeira is an autonomous region of Portugal, which is a member state of the European Union and the OECD. Madeira is, thus, an integral part of the European Union, which provides it with the following advantages:
Entities operating within the scope of the International Business Centre of Madeira benefit from one of the European Union´s most advantageous tax system (5% rate of tax on profits).
Double taxation agreements
Madeira, as an integral parte of Portugal, benefits from the large network of Double Taxation Agreements that Portugal is party to.
Less red tape
Portugal has introduced legislation in the last few years aimed at reducing red tape and simplifying procedures in a wide range of areas, such as the legal, statistics, tax and licensing fields, as well as a host of others.
A significant example of this is the fact that since June 2006 it has been possible to perform most legal procedures for companies by private document, without the need for a notary public to intervene. Other significant examples include the formation of a company via the internet and the fact that a capital decrease does not require the approval of a law court.
In recent years Madeira´s infrastructures have undergone substantial investment, creating modern and efficient infrastructures that make the people of Madeira proud. These infrastructures have been the motor behind the archipelago´s development. Examples include the modern road network, the new commercial port beside Madeira´s Industrial Free Zone and the modern communications network with high-quality bandwidth and levels of connectivity. Madeira, due to its geographical position, is a node for a number of underwater cables connecting the continent of Europe to America and Africa. This fact guarantees the necessary bandwidth and connectivity with the rest of the world.