Additional information and assistance from Dixcart

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Specific substance criteria required for the International Business of Madeira (IBCM) are as follows:

Following the incorporation of the company:
Within the first 6 months of activity, the IBCM company must hire at least, one worker, and undertake a minimum investment of €75,000 in fixed assets, within the first 2 years of activity. OR;
If it hires six employees, during the first 6 months of activity, it will be exempt from undertaking the minimum investment of €75,000.
On an ongoing basis, the company must have at least one full time employee on its payroll, paying Portuguese personal income tax and social security. This employee can be the Director or a Board Member of the IBCM company.

Dixcart can assist you in advising how additional substance may be maintained oman mobile database as well as providing advice on how a double taxation agreement for the respective jurisdiction is applicable in Portugal.

In addition, Dixcart has extensive experience in the incorporation of companies and we look forward to working with you as a client in the future.