Hello offshore people,
I didn't find any information on this forum about the tax system that sounds too good to be true for now. So I wanted to ask the forum and professionals to share their opinion on this subject.
Reading some internet resources and official Madeira website regarding tax rates in Madeira Island (Portugal) it seems like almost tax heaven for incorporation and business in that beautiful space.
Corporate tax for digital nomads can be as low as 5%, no dividend taxes and such. Access to Shengen zone and EU banking. What am I missing here?
I will list some of the websites and articles explaining the system.
Official website: Welcome to Madeira, OH
www.mondaq.com
nomadoffshoreacademy.com
I didn't find any information on this forum about the tax system that sounds too good to be true for now. So I wanted to ask the forum and professionals to share their opinion on this subject.
Reading some internet resources and official Madeira website regarding tax rates in Madeira Island (Portugal) it seems like almost tax heaven for incorporation and business in that beautiful space.
Corporate tax for digital nomads can be as low as 5%, no dividend taxes and such. Access to Shengen zone and EU banking. What am I missing here?
I will list some of the websites and articles explaining the system.
Official website: Welcome to Madeira, OH
The Madeira (Portugal) Free Trade Zone - What Tax Benefits Does It Offer And Substance Requirements - - Portugal
The Madeira archipelago is part of Portugal and is located in the Atlantic Ocean, 978 km southwest of Lisbon.
www.mondaq.com
Navigating Madeira's Tax System: A Comprehensive Guide for Digital Nomads and Expats
Discover the significant tax benefits Madeira Island offers, including a reduced corporate tax rate of 5%. Simplify your tax journey with this comprehensive guide.
nomadoffshoreacademy.com
