About Us
Madeira
Madeira is an autonomous region of Portugal, with its unique tax regime, approved by the European Commission, offering significant advantages for businesses and individuals.
Being in the same time zone as the UK, facilitates seamless communication and coordination with colleagues, clients, and businesses based in the region. Madeira also attracts highly skilled individuals who appreciate its natural beauty, quality of life, and safety. Investing in Madeira means capitalising on its strategic location, favourable tax regime, political and economic stability and world-class infrastructure.
Madeira as a jurisdiction can offer a range of services, particularly through its International Business Centre (IBC), which includes the Industrial Free Trade Zone, the International Shipping Register (MAR), and International Services. The IBC provides various incentives, mainly of a tax nature, to attract inward investment into Madeira.
HR Services
Contract Drafting and Review
> Drafting and reviewing employment contracts, management agreements, and other legal documents.
> Ensuring contracts are legally sound and tailored to client needs.
HR Compliance and Administration
> Ensuring compliance with local HR regulations.
> Managing employee benefits and associated queries.
> Drafting and implementing policies and procedures.
> Providing support during recruitment, employment, and resignation stages.
> Managing payroll processes for timely and accurate payment of salaries and benefits.
Legal and Corporate Services
Company Formation and Management
Assistance with incorporating various legal structures (S.A., Lda., branches, SGPS). Ongoing management services to ensure compliance with local regulations.
Corporate Compliance
Submission of annual returns, ensuring good corporate governance and adherence to local and international regulations.
Regulatory and Licensing Support
Assistance in obtaining necessary licenses, consents, or approvals. Support for activities requiring specific approvals (IBC, MAR).
Trust and Fiduciary Services
Establishment and management of trusts within the International Business Centre of Madeira.
Legal Disclaimers and Compliance
Inclusion of necessary legal disclaimers in documents, materials, and websites. Adherence to the Portuguese Advertising Code and other relevant legal requirements.
Trademark Registration
Assistance with pre-registration search and application process and completion.
Fairway Madeira Corporate Services, Unipessoal S.A. (Zona Franca da Madeira) is registered with the Madeira Internacional Business Centre (“IBC”), supervised by the Sociedade de Desenvolvimento da Madeira, S.A. (“SDM”).
Accounting Services
Accounting services tailored to support local and national companies, as well as independent professionals, in managing their financial affairs efficiently. This includes organising, classifying, and bookkeeping of accounting documents and information. Preparation of detailed financial reports to ensure compliance and financial health.
Tax preparation and filing for various tax obligations such as VAT, CIT, PIT, IES, SS, SD, DMR, and Model 30. Preparation and organisation of tax files for accurate and timely submissions, and creation of consolidation maps for financial consolidation.
Virtual Office Services
Virtual office solutions designed to support local and national companies, as well as independent professionals, in enhancing their business presence. Beneficial for lawyers, accountants, business consultants, freelance designers, marketing professionals, real estate agents, nomads, coaches, IT consultants, and financial advisors.
Utilising a prestigious registered office address and administrative support establishes and enhances credibility. Correspondence is managed and notifications are sent upon arrival, ensuring you stay informed. The receptionist service allows use of the office phone number, with calls handled and forwarded, providing a seamless communication experience. Host in-person or online meetings in a fully equipped meeting room, available on an hourly basis. Additionally, business cards can be left for distribution to potential clients.
Visa Services
This attractive tax environment has drawn investors and digital nomads to the island, seeking to capitalise on its favourable fiscal policies while remaining within the EU regulatory framework. Companies operating in Madeira's Free Trade Zone can benefit from a reduced corporate tax rate of 5% for eligible activities, compared to the standard Portuguese rate. Madeira's status as a tax-friendly jurisdiction is further bolstered by its membership in the European Union and OECD.
The D7 visa, also known as the Passive Income Visa, is aimed at non-EU/EEA/Swiss citizens who have a regular passive income or pension and wish to reside in Portugal, including Madeira. The D2 visa, also known as the Entrepreneur Visa, is designed for non-EU/EEA/Swiss citizens who wish to start or relocate their business to Portugal, including Madeira.
D7 Passive Income Visa services include:
- Document Preparation: Help with preparing all necessary documents, such as proof of income, personal identification, and proof of accommodation.
- Application Submission: Guidance on submitting the application to the Portuguese immigration authorities and tracking the application process.
- Family Reunification: Assistance with the process of bringing family members to Portugal under the D7 visa, including proving relationships and preparing necessary documents.
D2 Entrepreneur Visa services include:
- Business Plan Assistance: Help in creating a solid business plan that demonstrates the potential economic, social, and cultural impact of the business in Portugal.
- Legal and Financial Consultation: Guidance on legal requirements, financial planning, and securing necessary funds (e.g., proof of loan from a Portuguese bank).
- Application Preparation: Assistance with gathering and preparing all necessary documents, including proof of financial resources, business plan, and personal identification documents.
- Submission and Follow-up: Support in submitting the application to the relevant authorities and follow-up on the application status.
Other Fairway Madeira services:
Marketing & Social Media Management
Developing brochures, managing website content, and overseeing advertising campaigns. Social media marketing including, creating and scheduling posts, engaging with followers, analysing social media metrics and ensuring social media presence aligns with overall marketing goals. Analysing website performance and identifying areas for improvement.
Registration of commercial vessels and yachts in MAR
The International Shipping Register of Madeira (MAR) is the second-largest, ship and yacht register in Portugal. It is one of the top three EU registers in terms of the number of vessels and registered tonnage. MAR provides a credible and competitive alternative compared to other international registers, maintaining the quality levels and safety culture of an EU register. Fairway Madeira can offer registration process and ongoing support services with the assistance of our business partners in Madeira.
Key Contacts
Fairway Group Services
Private Client
Protecting and growing our clients’ assets through tailored, specialist service with a personal touch.
Corporate
We understand the demands of working within the fast-paced corporate and real estate environment.
Funds
An innovative and tailored funds offering, expertly delivered to meet each client's individual needs.
Pensions & Savings
A leading provider of innovative pension & savings solutions to enable our clients to invest for the future.
Employer Solutions
We tailor our solutions to meet the needs of our clients, regardless of their size, location or scheme complexity.
Related Articles
18 October 2024
Fairway Group opens Kuwait office
We are thrilled to announce that we have opened an office in Kuwait. Establishing a permanent presence will enable our team to continue to best meet the needs of clients, as well as to further grow the offering for our diverse, international client base.
Read Article14 November 2024
Empowering Tomorrow: Succession Planning in Family Businesses and Governance for Sustainable Growth
In October, corporate leaders, family business owners, and industry experts gathered at The Chairman's Club, KIPCO Tower in Kuwait for the informative seminar hosted by Fairway Kuwait in collaboration with the Union of Investment Companies.
Read Article23 December 2024
Latest in the Middle East: CT Law Updates in the UAE
Since the United Arab Emirates (UAE) introduced its corporate tax framework 18 months ago, many businesses have been getting to grips with the new tax rules and have been working tirelessly to ensure tax compliance. Fairway's Chris Mourant, Associate Director, discusses recent ministerial decisions that have been published since the introduction of the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “UAE CT Law”), with the most recent, on 18th November 2024.
Read Article