Eternity Law International — News — Ready-made company in Madeira

Ready-made company in Madeira

Published:
July 22, 2023

Madeira is located on the West Coast of the Atlantic Ocean and has been considered a link between the EU and the US since the time of Columbus. At the moment, Madeira is a member of the European Union and belongs to the Schengen area. The jurisdiction has a good economic situation, and many foreign investors seek to open a business here. The state offers favorable conditions for companies and the possibility of obtaining a “golden visa” for contributions to real estate or the economy. It has an excellent climate, which is interesting for businessmen from cold countries. You can open an enterprise in Madeira from scratch, but it will be much more profitable to purchase a ready-made company.Our company has been working for many years in the field of establishing and licensing companies around the world. We also offer an extensive list of ready-made companies for sale in Madeira and full support during their purchase. Our specialists are also ready to provide you with comprehensive professional assistance in acquiring and obtaining licenses in various fields of activity, in particular, a Forex license in Estonia, a gambling permit, and so on. We’ll give all information you may need.

Advantages of a ready-made company in Madeira

Consider the main advantages of buying companies with bank account in Madeira:

  • benefits for the development of small and medium-sized businesses;
  • prompt registration process and complete absence of bureaucracy;
  • encouragement of foreign businessmen;
  • flexible taxes;
  • quality local recruiting;
  • low price for office rent.

Types of companies in Madeira

In this jurisdiction, it is possible to register an open joint stock company (PLC/SA) or a company with completely foreign capital/special industrial zone company (Madeira IBC/Santa Maria FTZ). The choice of the type of enterprise depends on the further goals of the activity.

How to buy a shelf company in Madeira

If you want to purchase a shelf companies in Madeira, you can go in two ways. Let’s consider them in more detail.

  1. Purchase of a legal entity.

You can buy an already registered legal entity with an operating business, or a share in such a company. But such a choice has great risks, and there are quite a few such offers in Madeira.

When purchasing companies with bank account in Madeira, it is necessary to qualitatively and scrupulously check its accounting and conduct an audit. At the same time, there is no guarantee that any additional pitfalls that will become an obstacle to your activities will not be revealed later. In order not to stumble upon problems, it is better to immediately buy a company without a legal entity, which is called Trepasse.

  1. Purchase a shelf companies in Madeira without buying a legal entity.

The most popular option for buying a ready-made company in this jurisdiction is called Trepasse. This is the acquisition of a business without the purchase of a legal entity.

According to local law, Trespasse is a term that refers to the transfer of ownership of a company from one owner to another. Assets are transferred by signing a special contract that determines the price and conditions for the transfer of all tangible and intangible property. The new owner must open a legal entity himself in order to buy the company, which eliminates the risks that may arise when acquiring a ready-made legal entity.

If you decide to buy shelf companies in Madeira, you will own the following assets:

  • real estate;
  • company equipment, office furniture and so on;
  • products, stocks;
  • company name and trademark rights;
  • all available patents and licenses, contracts with partners and customers;
  • workers.

At the same time, the company will not have hidden debts. It is for these reasons that Trespasse is so popular in Madeira.

Document list and requirements for firms incorporation in Madeira

According to local law, getting companies for sale in Madeira you must provide the following package of documents:

  • international passport of the future owner of the company and the new director. It may be one person;
  • utility bills from the place of residence, to prove the address;
  • the charter of the company, if the owner is a legal entity.

In addition, you need to check the Articles of Association and the founders’ agreement in the company you want to acquire. And besides, make sure that the enterprise has no debts and problems. To buy shelf companies in Madeira, you must also obtain a tax number from the local regulator. Our experts help to collect document lists, issue a tax number and complete the transaction.

  1. The company needs a legal address. If it is missing, we will help you get it. 
  2. We also assist in opening an account with a local bank. Institutions may require additional data, such as confirmation of the profitability of the company and the origin of capital, or a business plan.
  3. In this jurisdiction, the personal presence of the future owner of the company is required to sign all the papers.
  4. Financial and audit reports are submitted annually.

When deciding to become the owner of a ready-made company in Madeira under the Trespasse scheme, you need to take into account the requirements that are put forward for such companies:

  • final transfer of the company. If this is a temporary possession, then the process will be formalized as a lease, not a sale;
  • the office of the company may or may not be transferred;
  • the business sector should not change;
  • everything related to the industry is also transferred to the new owner;
  • if the company’s premises are rented, then you need to notify the owner of the building about the change in the head of the company at least two weeks before the transaction is completed.

Buying a ready made company in Madeira

  1. To buy a ready-made enterprise in Madeira, you need to contact the experts of our company by phone or e-mail.
  2. Refine the list of ready-made companies for sale, according to your requirements and budget.
  3. Agree on a list of additional service ranges, if necessary. For example, creating a tax number, finding an office, etc.
  4. The following is the process of reissuing the documentation in your name.
  5. When the procedure is completed, you can begin to conduct activities in the jurisdiction.

Our experts will accompany you at every stage of the transaction and help you with professional advice. We work with many commercial areas, in particular, the gambling industry, the crypto sphere, Forex and other industries.

Taxation in Madeira

Portugal has quite low taxes for companies.

  1. Corporate tax (IRC) is only 5% if the firm meets certain conditions.
  2. VAT here is 22%.
  3. It is also possible to get a tax credit, that is, to halve corporate taxes in some cases.
  4. For the functioning and maintenance of the license, it is necessary to pay an amount from 1 to 1.5 thousand euros annually.

How much does a ready-made company in Madeira cost?

The cost of ready-made enterprises differs depending on the size of the company, line of business and other factors. The price of the services of our specialists is also calculated on an individual basis. Before starting cooperation, our lawyer will provide you with a full estimate with the final amount. At the same time, everything will be calculated to the smallest detail and with maximum budget optimization.

What is included in the cost of services

Our company has been operating on the world market for many years, and has already established itself as the best in its field. The specialists of our firm are experienced professionals who know how to open and register a company not only in Madeira, but also in any other jurisdiction, correctly and without unnecessary hassle and investments. We offer our service list in hundreds of countries, so customers come back to us again and again, deciding to expand their business. Also, in addition to assistance in the purchase of a ready-made enterprise, we offer:

  • full support;
  • complex professional consultations. We’ll give you complete information for successful cooperation;
  • corporate services: selection and registration of an office, recruitment of personnel, etc.;
  • opening bank and merchant accounts;
  • registration of all required licenses and additional permits.

We strive to achieve maximum quality in cooperation with our clients, so we can safely say: by contacting our company, each client receives exactly what he/she wants, while at the same time, in the shortest possible time and at the lowest possible cost.

How do I buy a ready made business in Madeira?

By getting companies for sale in Madeira, an entrepreneur saves himself from unnecessary hassle, in particular, the procedure for registering a company, preparing documents, and so on. Many of the ready-made companies already have a bank account that can be used for further transactions. In order to buy a ready-made corporation, contact our specialists. Our company specializes in high-quality consulting and practical services for the sale of businesses around the world. We will find the most optimal and profitable option for you.

What is an aged shelf corporation in Madeira?

Shelf companies with bank account in Madeira are firms that have not operated since they were incorporated and registered. They have a clean history. Our lawyers will help you choose a business that would be interesting to you and could fit your capabilities. Our specialists will accompany you at every stage.

What types of ready-made companies are for sale in Madeira?

There are two types of ready-made corporations. There are companies that were founded and registered, but have not worked before and have a clean history. There are companies that were previously in operation; the owners then decided to put them up for sale. We are ready to offer you to purchase a shelf companies in Madeira and fully assist with the registration of the company transfer process.

What are the risks of buying a ready-made company in Madeira?

There are certain risks that may arise if an entrepreneur decides to buy shelf companies in Madeira, especially if we are talking about companies that have already operated before. The company may have debts, unfulfilled obligations, have gone through bankruptcy proceedings in the past, and the like. The company may also be improperly incorporated or not comply with the requirements of the local regulator in the jurisdiction. The company may also not have a license to operate, and more. We will help you buy a company on favorable terms and without possible risks.

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