The Autonomous Region of Madeira is an Atlantic archipelago belonging to Portugal, constituting an ultra-peripheral region of the European Union. It consists of two inhabited volcanic islands, Madeira and Porto Santo, and three smaller uninhabited volcanic islands.
Madeira is located less than 500 km from the Canary Islands, 860 km from Lisbon, and 770 km from the nearest island of the Azores. The region is inhabited by 268,000 people, half of which live in its capital and major urban center, Funchal, where there is a well-connected International Airport. Its official language is Portuguese and its currency is the Euro (EUR).
The main economic activity of the region is tourism, receiving many visitors from Europe throughout the year, who seek the mildness of its climate. The region produces the famous Madeira Wine, and to a lesser extent bananas, exotic flowers, tropical fruits, sugarcane and coffee, among others. The region has modern and efficient infrastructure, a commercial port next to the Madeira Industrial Free Zone and a good telecommunications infrastructure.
The Madeira International Business Centre is a tax-privileged economic area, where incorporated companies benefit from one of the most advantageous tax regimes in the European Union, including a low 5% tax on profits, among other tax benefits. This free trade area includes the Industrial Free Zone, the Offshore Financial Centre, the International Shipping Register organisation, and the International Service Centre.
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If you want to set up a company, open a bank account, immigrate and/or obtain residency permits in Madeira, you can view some of the articles and more information about the country below, or get in contact with us directly for a free private consultation.