Jurisdictions

Madeira

Why Incorporate in Madeira?

The MIBC is an established and important international business hub, wholly within Portugal and thus part of the European Union and consists of a Free Trade Industrial Zone, an International Services Centre and an International Shipping Register.

Key Benefits & Requirements

Having been expressly approved by the European Union, the MIBC is a credible and stable location for international operations, providing an extremely competitive low corporate income tax rate. The recently approved Tax Regime IV provides the following main tax benefits:

  • A reduced corporate tax rate of 5%, guaranteed until 2027
  • Exemption of withholding tax on dividends paid to non Portuguese resident shareholders (corporate or individuals), as long as these are not resident in a black listed jurisdiction
  • No withholding tax on interest and other forms of payment for shareholders’ loans, capital allowances or advances made by the shareholders to the company, as long as the shareholders are non-residents in Portugal
  • Worldwide participation exemption regime applicable to dividends, reserves, capital gains and losses
  • Exemption of withholding tax on royalties, services fees or interest paid to third parties
  • Possibility to apply Portugal’s recent Patent Box Regime
  • Capital gains tax exemption on the sale of participations held in the Madeira company
  • Exemption of notarial and registration fees
  • 80% reduction on the rate of Stamp Duty, municipal transaction taxes and municipal property taxes
  • 80% reduction on regional and municipal surcharges

Services Offered

  • Incorporation, structuring, and management of Madeira companies set up within the Services Sector of the Madeira International Business Centre
  • Day-to-day company administration including opening and operating bank accounts, issuing invoices, VAT management, accounting and bookkeeping services
  • Registration of vessels, yachts and ships
  • Management of shipping companies
  • Specialist advice regarding the use of Madeira’s Industrial Free Trade Zone
  • Advice and structuring required for individuals who wish to take use of Portugal’s Golden Visa scheme or Non Habitual Residents regime

Incorporate in Madeira

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OCRA Worldwide announces strategic merger with Acclime

17th November 2022, Hong Kong - OCRA Worldwide (OCRA), announces today that it has completed the strategic merger with Asia Pacific’s premier corporate services provider Acclime (www.acclime.com). This is the latest step in Acclime’s active expansion as the Asia specialist in compliance and corporate services throughout the region.

Established in 1975 and led by Bart Dekker and Dharmesh Naik, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting, and HR services. Over the past 40 years, OCRA has become a truly global business by providing very personalised services to their clients, most of whom are private investors or companies investing abroad.

From its founding base in Europe, OCRA has morphed over the past decade to focus on the faster growing markets of Asia and the Indian Ocean, and currently has teams in Hong Kong, Shanghai, Singapore, Mauritius and the Seychelles with around 80 staff. Additionally, OCRA is licensed in Samoa and the UAE to provide incorporation services to clients and referral partners.

"The high quality of the team, the interesting gateway jurisdictions of Mauritius and UAE which are important investment hubs for Africa and India, and the synergy of offering OCRA clients more services and Asian locations for expanding their business were the strategic logic for Acclime's interest in acquiring OCRA," said Martin Crawford, CEO and Co-Founder of Acclime. "We look forward to introducing OCRA’s corporate clients to our regional experts in China, Hong Kong, Australia, Cambodia, Indonesia, Malaysia, Thailand, India, Philippines, Singapore and Vietnam," he added.

The sale of the business was managed by the corporate advisory team of Mazars in London (Paul Joyce & Fred Dearden), acting for the ultimate shareholder of OCRA, and was opened for bids. "Acclime was chosen as the preferred bidder as the team recognised the cultural similarities, with high quality, personalised services at the core," said Bart Dekker, OCRA’s Managing Director, Asia Pacific. Dharmesh Naik, OCRA's Managing Director, Middle East and Indian Ocean, added, "We are excited and delighted to become an integral part of a large international team with the established resources across Acclime's network, and to execute the transaction in line with OCRA's long term succession plan in the interest of all of our stakeholders."

OCRA will operate as an independent business unit within Acclime, supported by funding, IT and marketing initiatives that will grow the business further. Bart Dekker and Dharmesh Naik will remain running the business post-acquisition.

The transaction is subjected to regulatory approvals in several locations and Acclime is expected to complete the acquisition by the end of 2022.

About OCRA
Established in 1975, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting and HR services. For over 40 years, OCRA has been providing personalised services to its clients, most of whom are private investors or companies investing abroad.

About Acclime
Acclime, the premier corporate services provider in Asia, helps corporate and private clients to advance their businesses and interests in difficult-to-navigate markets in emerging Asia. The company’s vision is to reinvent the corporate services sector with innovative solutions that are seamlessly delivered to the highest global standards.

Enquiries: enquiries@ocra.com