An Attractive Way To Establish A Company In The EU

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Madeira is part of Portugal, an island located south west of Portugal’s mainland, in the Atlantic Ocean.

It is well known for its tourist attractions but also offers the International Business Centre of Madeira, which offers appealing tax benefits to attract foreign investment.

Madeira is a Portuguese island and is therefore an integral part of the European Union. iceland mobile database Individuals and corporations that are resident, or registered in Madeira, therefore have full access to all of Portugal’s international treaties and conventions.

What Are the Key Tax Advantages Offered by the International Business Centre of Madeira (IBCM)?
The IBCM offers a number of attractive tax benefits for corporations:

A 5% corporate tax rate which is guaranteed by the EU to remain in place, until at least the end of 2028.
Non-resident individual and corporate shareholders benefit from a total exemption from withholding tax on dividend remittances, as long as they are not resident in jurisdictions featured on Portugal’s ‘black list’.
No tax is payable on the worldwide payment of; interest, royalties and services.
Access to the wide network of Double Tax Treaties that Portugal has with other countries.
Madeira is accepted by the OECD as an on-shore, EU-compatible free trade zone.
Additional Advantages Offered by the Island of Madeira
The island offers an attractive quality of life and has one of the lowest costs of living in the EU. It is a top tourist and retirement destination and has a young workforce, with one third of the population being under the age of 24. It is a multi-lingual jurisdiction with English being the second language and regarded as the business language, alongside Portuguese.

Madeira also has an international airport, with many daily connections to Lisbon and several weekly connections to Germany, Switzerland, and the UK.

The IBCM covers a wide range of activities, including; commercial, industrial, service-related industries and shipping. The greatest benefits can be enjoyed by; e-business, managing of intellectual property, shareholding, trading and shipping and yachting businesses.