Recent content by Super Tucano

As I was told, you can have employees outside Madeira, you just need to have enough there to fulfil the tax benefit obligations. I actually know someone with a company in Madeira that grosses 9 figures (fairly well known sports e-commerce company), but he does it a bit differently. The Madeira...

I'm in the same boat. My main idea is the Madeira Free Trade Zone + Holding outside PT + NHR. It is not without pitfalls as Martin Everson pointed out in the thread but I plan to get proper advisors and maybe ask for an advance ruling from the Portuguese tax office. It would result in a 5% tax...

Based on what? I know for a fact that I can get a Portuguese holding (SGPS) with a Madeira subsidiary and retain or reinvest the profits by constituting other subsidiaries, tax free. With the EU freedom of establishment for companies, if I can have it in Portugal I can also have it in another EU...

Yes, I do. There's nothing wrong with the holding company setup. It's Portugal itself that doesn't tax me by granting me the NHR status, I'll declare every cent of it on my IRS form. Seems that others had the same idea regarding the holding company: Malta as a Holding Company Jurisdiction for...

I think you're misunderstanding me regarding the holding company. I don't mind that Portugal knows about it or that I'm the UBO because it will be a normal holding company doing what holding companies are supposed to do, owning and managing stock in other companies. The directors won't be...

Yes, it's quite similar to the ZEC in the Canary Islands but with less/more lenient requirements. The holding company bit is the simplest, from what I gather. I'll create it in the EU (benefiting from the Parent-Subsidiary Directive and no CFC rules because of the EU freedom of establishment...

As a manager, afaik, you don't actually have to live in Madeira, just if you want your job to count towards the jobs created number. Personally, I'm thinking about living in Lisbon but wouldn't mind spending some time in Madeira, it's a very nice place with warm winters (being off the cost of...

Indeed, you'll have to have your fiscal residency in Madeira if you want your job to count towards the number of jobs created. A decent pied-à-terre would cost +- €500 euros per month. If you pay yourself a small salary, say €1000, then taxes are not that bad in absolute terms. For that amount...

Thanks. It seems that it should work for my case then. It might be more expensive than most other options but 5% tax while living in Portugal, being 100% above board and EU "approved" sounds perfect.

Thank you for the feedback. So that's the main issue people have with it? The tax benefits are tied to the number of jobs you create but one of the jobs can be yours and that allows you to have up to € 2,73 million of taxable income at the 5% rate. Plus, if you create less than 6 jobs, you...

Hello, I've been searching the forum and it seems that, like myself, quite a few people are interested in moving to Portugal and are trying to find a company solution that works well with it. In that regard, why isn't the Madeira Free Trade Zone mentioned more? Companies there are basically...