Fees and timelines in 2022
Fees
Incorporation costs in Year 1 amount to €3,900 and annual company costs in Year 2 and thereafter amount to €0. The average fee per Madeira engagement amounts to €14,750, which includes company incorporation and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.
Timelines
The average Madeira company registration period is 12 weeks as outlined below:
Preparing a detailed project plan;
Our Client confirms the corporate structure;
Collecting due diligence from our Client.
Our Client signs the corporate bank account opening forms;
Bejarano ADF Consultants prepares a business plan;
Bejarano ADF Consultants visits the bank for interview;
The Bank Legal and Compliance Department review and approve the banking application;
The Bank Front Office email corporate bank account numbers to our client.
The Bank Operations Department mails the internet username and passwords to our Client;
Some of our Clients’ request Bejarano ADF Consultants to activate the internet banking on their behalf.
Bejarano ADF Consultants confirms all Client due diligence is received;
Bejarano ADF Consultants couriers to our Client the complete original company and bank account documents;
Our Client completes our web page feedback survey;