History of Madeira

Madeira is an archipelago of Portugal consisting of the island of the same name and several other small islands, located in the Atlantic Ocean, 973 km from Lisbon and 640 km northwest of Cape Juby, in the province of Tarfaya in Morocco. It is an autonomous region under the name of autonomous region of Madeira including Funchal: the capital.

Good to know :

- The corporate tax rate (CIT) is 5% until 2027; - Exemption from withholding tax on dividends distributed to non-resident partners in Portugal; - the application of the "Participation Exemption" scheme for dividends, reserves and capital gains or losses; - Withholding tax exemption on the payment of royalties and interest paid to third parties; - The implementation of all EU directives; - An extensive network of double taxation agreements (more than 60); - Jurisdiction not listed "tax haven".

All types of companies provided for by the Portuguese Companies Code may be established in the free zone of MADERE. The most frequently used are the limited liability company (LDA) and the limited company (SA).

Each of these forms of society is subject to special regulations. Nevertheless, certain rules are common to them, particularly as regards general meetings and the Supervisory Board.

In general, it is preferable to adopt the form of limited liability company which is less cumbersome to manage and for which the regulation is less restrictive than in the context of the public limited company.