Consultancy

OUR SERVICES

Madeira Management’s qualified and experienced multilingual staff will be happy to assist you with your requirements. We provide a full range of business and private consulting and support services, taking a pro-active approach in identifying new products and solutions to offer our clients, whilst ensuring complete discretion, confidentiality and a professional, personalised service at all times.

KEY SERVICES:

✔ Provides specialist local advice and services for tax practitioners, companies and individual clients

✔ Provides business and bank introductions for companies and individuals looking to establish in Madeira

✔ Day-to-day administration and secretarial services, including opening and operating bank accounts, issuing invoices, VAT management, accounting, tax and bookkeeping services

✔ Legal and Fiscal consultancy

✔ Advice and structuring required for individuals who wish to take use of Portugal’s investment and relocation schemes, namely the Golden Visa or Non Habitual Residents regime.

✔ Consultancy and support for clients with real estate investments in Portugal, namely short term rentals (AL), including all legal, tax and administration support.

✔Selection and recruitment of staff for client companies

✔ Co-working office space for client companies

Residence permits

Consultancy

Portugal has recently established various residency programs aiming to promote direct foreign investment into the country.
There are various programs available, depending on each client’s circumstances, EU or non EU citizens, investors, passive income earners, qualified professionals or business people.

EU residents obviously have a simplified route when moving to Portugal, as they only need to register with the local Town Hall and with the tax authorities.

Non EU residents have various options, some of which are identified below

“Golden Visa” Residence Program

Foreign investors in Portugal, from non-EU countries may be eligible for a special visa, enabling them and their immediate family to work or study legally in the country and to travel within the Schengen area, provided that certain minimum amounts are invested.

The investment must be maintained for a minimum period of 5 years. After this initial period, the investor may immediately apply for a permanent residency permit.

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✔ Capital transfer with a minimum value of 1.000.000 (one million) Euro (e.g. bank deposit, acquisition of financial assets);

✔ The acquisition of real estate for a minimum amount of €500.000 (five hundred thousand Euros);

✔ The purchase of real estate, with construction dating back more than 30 years or located in urban regeneration areas, for refurbishing, for a total value equal to or above €350.000 (three hundred and fifty thousand Euros);

✔ Creation of, at least, 10 jobs.

✔ The investment of a minimum €350.000 (three hundred and fifty thousand Euros) in research activities conducted by public or private scientific research institutions involved in the national scientific or technologic system;

✔ Capital transfer with a value equal to or above €250.000 (two hundred and fifty thousand Euros) for investing in artistic output or supporting the arts, for reconstruction or refurbishment of the national heritage, through the local and central authorities, public institutions, public corporate sector, public foundations, private foundations of public interest, networked local authorities, local corporate sector organizations, local associations and public cultural associations, pursuing activities of artistic output, and reconstruction or maintenance of the national heritage;

✔ Capital transfer with a value equal to or above €350.000 (three hundred and fifty thousand Euros), for purchasing shares in investment funds or in venture capital geared to capitalize small and medium companies, constituted under the Portuguese law, with a 5 years maturity plan and at least 60% of investments made in Portuguese companies;

✔ Capital transfer with a value equal to or above €350.000 (three hundred and fifty thousand Euros), destined towards the incorporation of a Portuguese commercial Company, combined with the engagement of at least 5 permanent employees or to increase the share capital of an already incorporated Portuguese Company, with the engagement or maintenance of a minimum of five permanent employees, for a minimum period of three years.

The Golden Visa, when issued, will be valid for an initial period of one year and then should be renewed for subsequent periods of two years. After five years, the investor will be entitled to obtain Portuguese permanent residency and after six, full Portuguese citizenship. When renewing the Visa, the individual should prove that he has remained in Portuguese territory for the required minimum periods: 7 days, in the first year; and 14 days in subsequent two year periods.

More recently, Portugal has also established other specialised types of Visa, namely the “Start Up Visa” and “Tech Visa”, with the aim of providing a residence visa for non-EU-Schengen
startup founders who want to establish their businesses and to reside in Portugal and ensuring that highly qualified staff, especially from the technological area from outside the European Union, can access jobs created by Portuguese companies in a simplified way.

Madeira Management can provide advice and assistance to all individuals interested in obtaining further information on these programs.

Tax Programs

Consultancy

Non Habitual Residency

Portugal has also implemented a special regime for non-habitual tax resident individuals, which is intended to attract to Portugal certain qualified individuals and investments.

This special tax regime is applicable to individuals (EU or non EU residents) who have not been considered and taxed as tax residents in Portugal in any of the previous 5 years, but during that period have paid tax in a foreign country.

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The Return tax programme

Aiming to promote the return of Portuguese citizens who emigrated from Portugal before the end of December 2015, during the financial crisis, Portugal has implemented a program which excludes 50% of employment or self-employment income from taxation for a five year period.

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Consultancy

Consultancy

OUR SERVICES

KEY SERVICES:

✔ Provides specialist local advice and services for tax practitioners, companies and individual clients

✔ Provides business and bank introductions for companies and individuals looking to establish in Madeira

✔ Day-to-day administration and secretarial services, including opening and operating bank accounts, issuing invoices, VAT management, accounting, tax and bookkeeping services

✔ Legal and Fiscal consultancy

✔ Advice and structuring required for individuals who wish to take use of Portugal’s investment and relocation schemes, namely the Golden Visa or Non Habitual Residents regime.

✔ Consultancy and support for clients with real estate investments in Portugal, namely short term rentals (AL), including all legal, tax and administration support.

✔Selection and recruitment of staff for client companies

✔ Co-working office space for client companies

Residence permits

Consultancy

“Golden Visa” Residence Program

Tax Programs

Consultancy

Non Habitual Residency

The Return tax programme

To apply for this program, the applicant must comply with certain conditions: