If your company is digitally-oriented, in the service sector and expanding internationally, you can probably deliver your digital offering to your clients from anywhere in the world. There are, however, a few things that you might consider before relocating your business to the Ross Ice Shelf in Antarctica. It would help if you and your clients could benefit from:
- A world class telecommunications infrastructure
- A pool of multi-lingual IT resources trained in a good local university
- Low operating costs and payroll taxes
- A dedicated on-site datacenter, science park and several co-working hubs
- A reliance on renewables for 50% of local energy supply
- A location in the EU in its lowest (legal) corporate tax regime
- A welcoming work environment, scenic views with a year-round stable climate
- Available accommodation at reasonable prices
Yes, Madeira has all this and more. And it’s no longer a well-kept secret — 9.000 digital nomads have registered in the Startup Madeira website. The island also has many attractions for more stable digital businesses like yours.
Madeira is an integral part of Portugal and the EU. Its tax regime has existed for over 20 years, never black- or grey-listed and fully approved by the European Commission. You will obtain an EU VAT number on registering your business, a procedure that takes 2-4 weeks. Its 24% employer payroll tax and the 5% corporate tax are among the lowest in the EU.
SDM, the development agency of the government of Madeira, will be happy to tell you about the advantages for start-ups and others. Check its website under “Company Formation” for e-Businesses and ICTs at its International Business Center.
Or contact us. We are SDM’s representative in France, Belgium and Luxembourg, locating digital businesses in the EU’s most congenial and business-friendly island.