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Favorable conditions for business on Madeira and the Azores in 2024.

Favorable conditions for business on Madeira and the Azores in 2024.

Portugal offers unique opportunities for international entrepreneurs, particularly for business registration on Madeira and the Azores. These regions are characterized by attractive tax benefits, simplified registration procedures, and support from local authorities.

Key advantages:

  • Reduced corporate tax rate of 14.7%, significantly lower than on the mainland (21%).
  • Companies with an International Business Centre of Madeira (IBCM) license benefit from a tax rate as low as 5%.
  • Corporate tax refund programs allow shareholders to recover up to 100% of the paid taxes.
  • Easy access to the European market with minimal barriers and costs.
  • Business registration simplifies obtaining residency permits for business owners and their families.
  • Developed infrastructure, including access to a highly skilled workforce and modern IT solutions.
  • The use of English as a business language, facilitating partnerships with international clients.

Additionally, entrepreneurs benefit from stable legislation, accessible administrative services, and investment programs tailored to support international businesses. These conditions make Madeira and the Azores an ideal platform for business growth and effective international operations.

If you are considering expanding to Europe, Portugal offers a combination of tax advantages, strategic location, and a reliable business environment.

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