What is free zone of Madeira?

The Madeira Free Trade Zone is a special economic area that was created in order to attract investors and increase the number of jobs for the island's inhabitants. The main tax benefit for licensed companies in the Free Trade Zone is a reduced rate of income tax (only 5%).



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The average standard of living tends to be a bit lower than in mainland Portugal, and the local autonomous government gives generous subsidies coming from the tourist industry revenues and from the Portuguese national budget. Go where the locals go and everything will be cheap.

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Visiting Madeira However, there are other means of transport available such as buses, taxis, tuk-tuks, bicycles and scooters. It is also worth mentioning the importance of the cable cars, which connect to some of the archipelago's most iconic points of interest.

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Madeira – A Tax Haven Approved by the European Commission.

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Updated Information as of April 10, 2023. Unlike other parts of Madeira, Funchal and Câmara de Lobos municipalities do not impose a tourist tax on car rental customers and hotel/accommodation guests.

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Madeira Island has numerous reasons why it stands out as an ideal retirement destination. Its year-round temperate climate, captivating natural beauty, and rich cultural heritage make it an irresistible choice for retirees seeking tranquillity and a high quality of life.

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Funchal is the most expensive place to buy property on the islands – given its higher demand and abundance of services.

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It is a Portuguese island and thus a part of the European Union. As an EU citizen, you can move freely to the island. However, after three months, you have to formalize your existing right for residency at your local city council. Almost everyone here speaks English.

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Madeira Islands, Portuguese Arquipélago da Madeira, archipelago of volcanic origin in the North Atlantic Ocean, belonging to Portugal. It comprises two inhabited islands, Madeira and Porto Santo, and two uninhabited groups, the Desertas and the Selvagens.

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7 days are certainly enough time to get a good taste of the island and enjoy some of its most popular sights and experiences. During a seven-day itinerary, you can explore Madeira's stunning landscapes, from its rugged coastlines and lush forests to its towering peaks and charming villages.

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By Bus -- The cheapest, albeit slowest, way to get around Madeira is by bus. If you want to tour on your own, you can make excursions on local buses that go all over the island at a fraction of the cost the tour companies charge, but you will miss the commentary of an organized tour, of course.

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