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Working, Living and Setting Up in Madeira

 
In this section you will find useful and practical information on the formalities to be followed when setting up in Madeira, as well as the most recent information relevant to your activity. It also provides you with updated information on the local traditions or main events and activities that occur in Madeira.
 
Setting Up in Madeira
             
 

Imposition of the PEC payment to IBC companies has been considered unconstitutional


Decision n.º 494/2009, of the Constitutional Court, considering unconstitutional the payment of the PEC (advance tax payment) by exempt companies licensed in Madeira's IBC, was published on the 23rd of October.		      

Broadband in Portugal amongst the fastest in the European Union


According to data released by the OECD, Portugal is amongst the 10 OECD countries with the fastest and least expensive broadband connections. Read more		  
             
 
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New customer in the process of setting up

Now that the formalities and procedures for the incorporation and licensing of your company within Madeira’s IBC are completed, you will find in this section useful and practical information for different day-to-day situations, both at a company and personal levels. This information is complemented by the documents and links for other relevant sections of this site, included on the right-hand side column.

Labour and recruitment


Information concerning local recruitment, labour law and average gross monthly wages, foreign staff and personal income tax and social security taxes. Read more

 

Personal formalities


Information about the registration for tax purposes and consequent issue of the fiscal card ("cartão de contribuinte"), the Portuguese National Health System (SNS), the “Citizen’s Bureau”, the requirements and formalities for opening bank accounts in Portugal as well as information about the importation of personal goods. Read more

Acquisition and rental of property


There is a wide availability of properties for sale and rental in Madeira. In this section you can find more information about the acquisition and rental of property, as well as taxes, fees and other costs. Read more

 

Other practical aspects


Madeira hospitals, health centres and private clinics, pharmacies, English schools, Portuguese teaching for foreigners, public and private schools and nurseries, university and technical schools, utilities (water, electricity, gas, cable TV, internet, telephone connection). Read more

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Corporate Tax Returns

Periodical tax returns must be submitted online at www.dgci.min-financas.pt:
 
  • Periodical income declaration: if the fiscal year corresponds to the civil year, until the last working day of the month of May. Otherwise, five months after the term of the fiscal year;
  • Annual Simplified Company Information (IES): if the fiscal year corresponds to the civil year, until the last working day of the month of June. Otherwise, six months after the term of the fiscal year;
  • Periodical VAT declaration: for a turnover of or above Euro 650,000 in the precedent civil year, until the 10th day of the second month following the one to which the operations refer to. Otherwise, until the 15th day of the second month following the quarter to which the operations refer to.

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Association of Professionals of Madeira's IBC & IBC Jobs

The Association of Professionals of Madeira's IBC - APCINM
 

If you are already an IBC customer, you may be interested in joining the Association for the IBC Professionals (APCINM). This Association was created in 1988 with the purpose of creating, valuing and developing professional opportunities within the scope of IBC. It is an essential instrument for the defence of its members interests and, inherently, for the defence of the IBC Companies.

 

Ever since its incorporation, APCINM has tried to provide benefits to its members, in a wide range of areas, and also aimed to stimulate proximity and interaction between its members. With this goal, beside special discounts and preferential access to APCINM events and training programmes, members receive a newsletter with regular information about APCINM activities as well as cultural and recreational suggestions to enjoy Madeira excellent quality of life. For further information on how to become an associate and also which benefits you can enjoy, please visit APCINM Website.

 

IBC Jobs
 

The IBC Job Opportunities is a totally  free service, provided by S.D.M. in collaboration with APCINM, which intends to build a bridge between IBC companies and professionals searching for a job. If you are looking for qualified candidates, you can find out more information about this service at the Job Opportunities section.
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What's on in Madeira

Throughout 2010, Madeira will host folk celebrations, festivals, concerts, exhibitions and sports events, offering tourists and residents a unique opportunity to combine entertainment and culture. In this area we publish information about the events that occur every month so that your integration at Madeira becomes a pleasant experience.

Main events