umziehen-nach-finnland
umziehen-nach-finnland
umziehen-nach-finnland
Moving to Madeira: Your Stress-Free Start in the Portuguese Paradise
Are you dreaming of life under the Madeiran sun? Moving to this Portuguese paradise can become a reality. Learn about the key aspects, from visa requirements to the cost of living. Need support with your planning? Get in contact with us for personalised advice.
The topic short and concise
Are you dreaming of life under the Madeiran sun? Moving to this Portuguese paradise can become a reality. Learn about the key aspects, from visa requirements to the cost of living. Need support with your planning? Get in contact with us for personalised advice.
Are you dreaming of life under the Madeiran sun? Moving to this Portuguese paradise can become a reality. Learn about the key aspects, from visa requirements to the cost of living. Need support with your planning? Get in contact with us for personalised advice.
Are you dreaming of life under the Madeiran sun? Moving to this Portuguese paradise can become a reality. Learn about the key aspects, from visa requirements to the cost of living. Need support with your planning? Get in contact with us for personalised advice.
Planning your move to Madeira? Learn everything about visas, taxes, real estate, and life on the island. Start now with our comprehensive guide!
Overview of Madeira's Appeal
Madeira is increasingly drawing people who long for a safe and natural living environment. The island offers a high quality of life, a mild climate, and a growing real estate market. It's not only attractive for expatriates but also for investors interested in holiday homes and digital nomads who can utilise the excellent infrastructure. Moreover, the island is EarthCheck certified, highlighting its commitment to sustainability. If you're considering relocating to Madeira, this comprehensive guide provides you with all the important information you need.
Why Madeira?
Madeira offers a unique blend of safety, natural beauty, and high quality of life. The mild climate makes the island appealing year-round, and the expanding real estate market presents exciting opportunities for both expatriates and investors. The island's dedication to sustainability is confirmed by its EarthCheck certification. The island offers a high quality of life, a mild climate, and a growing real estate market.
Target Audience of this Guide
This guide is aimed at various groups interested in Madeira. This includes expatriates looking for a new home, investors wanting to invest in holiday homes, and digital nomads seeking to use the island as a base for their work. At GoMovin, we understand that moving abroad can be a big challenge. That's why we offer you an all-in-one solution for international moves, including personal advice and support with all legal and practical matters. Our relocation assistance is designed to make your move as stress-free as possible.
Who is this Article For?
This article is particularly helpful for expatriates seeking a permanent residence in Madeira, investors looking to invest in the tourism sector, and digital nomads in need of a stable and well-connected base for their work. With GoMovin, you can relax while we handle the details. Learn more about our services in planning and logistics.
Visa and Taxes: How to Successfully Emigrate
Visa Options for Your Move to Madeira
The entry requirements for Madeira depend on your citizenship. EU/EEA/Swiss citizens can enter without a visa, while non-EU/EEA/Swiss citizens need to obtain a visa. It is important to research the different visa options early to ensure a smooth relocation. GoMovin will support you in applying for the right visa and will be there to assist you. For more information, visit the MCS Madeira page.
EU/EEA/Swiss Citizens
As an EU/EEA/Swiss citizen, you benefit from visa-free access to Madeira. However, it is necessary to register with the local authorities and apply for a residence certificate after staying more than three months. For this, you need a valid passport and proof of sufficient financial means. Registration is done at the local town hall.
Non-EU/EEA/Swiss Citizens
For citizens from non-EU countries, there are various visa options, including the D7 Visa and the Golden Visa. The D7 Visa requires a passive annual income of at least €10,000 and acceptance of tax residency in Madeira. The Golden Visa requires investment in infrastructure or agricultural funds, as direct property investments are no longer eligible. Required documents include a passport, a residence permit, proof of income, health insurance, and a police clearance certificate.
Necessary Steps for Tax Residence
The Portuguese tax number (NIF) is essential for all financial transactions in Madeira. It is advisable to seek advice from an expat lawyer to consider all tax aspects correctly. Tax residency is usually established through a stay of more than 183 days or the ownership of property. As a tax resident, you are liable for tax on your worldwide income in Portugal, with the rate potentially reaching up to 48%. However, there are also tax benefits for newcomers.
NIF (Portuguese Tax Number)
The NIF is your personal tax identification number in Portugal and is required for almost all financial matters, from opening a bank account to signing a rental contract. Applying for the NIF is a straightforward process, but it is advisable to seek expert support to avoid mistakes. GoMovin is happy to assist you in applying for your NIF.
Tax Aspects
Tax aspects are an important factor when moving to Madeira. It is important to understand how tax residency is defined and which income tax (IRS) applies to your worldwide income. However, there are also attractive tax incentives, especially for businesses. Madeira offers a reduced corporate tax rate and exemptions from withholding tax on dividends, making the island an attractive location for investments. More information on tax aspects can be found on the MCS Portugal website.
Living in Madeira: Rent or Buy – Your Options
Rental Market in Madeira: Prices and Conditions
The rental market in Madeira offers a variety of options, from small apartments to spacious villas. Rental prices vary depending on the size, location, and facilities of the property. It’s important to be informed about the local rental laws, especially regarding the minimum duration of lease agreements. GoMovin assists you in finding the right rental property and advises you on all legal questions. On Immo Madeira, you can find further information.
Rental Prices (approximate)
Rental prices in Madeira are generally more affordable than in other major European cities. For a T1 apartment (one-room flat), you can expect to pay between €500-€650 per month, for a T2 apartment (two-room flat) between €650-€850, and for a T3 apartment (three-room flat) between €750-€1000. Prices may vary depending on location and facilities.
Rental Law
For long-term rentals, a written rental contract with a minimum duration of 12 months is usually required. It is important to carefully examine the rental agreement and understand your rights and obligations as a tenant. GoMovin can assist you in reviewing the rental contract and ensure that you understand all important clauses.
Property Purchase in Madeira: Investing in the Future
Purchasing property in Madeira is an attractive option for those wishing to live on the island long-term. Although property prices have risen in recent years, they remain affordable compared to other European destinations. There are also interesting opportunities in so-called "Lost Places," which require renovation and offer substantial value increase potential. GoMovin supports you in finding the right property and guides you through the entire purchase process.
Property Prices
A two-room apartment in Funchal costs around €170,000, which is significantly cheaper than in Lisbon, where similar apartments cost about €220,000. However, there are also more affordable options outside the capital, particularly in the rural areas of the island. Property prices vary according to location, size, and condition of the property.
Locations
The coastal regions and Funchal are the most popular locations for property buyers. However, there are also interesting development opportunities in the southwest and north of the island. It is advisable to be informed about local building regulations and taxes before purchasing. GoMovin can assist you in selecting the right location and inform you about all relevant aspects.
Cost of Living: How to Plan Your Budget
Monthly Expenses in Madeira: An Overview
The cost of living in Madeira is generally lower than in many other European countries. However, the actual costs depend on your lifestyle and individual needs. It is important to create a realistic budget to avoid financial surprises. GoMovin supports you in budgeting and provides valuable tips on how to optimise your expenses.
Approximate Costs
An individual needs about €1,198 per month in Madeira, while families should expect around €2,689. These costs include rent, groceries, transport, leisure activities, and other expenses. However, it is possible to reduce costs, for instance, by buying local products and using public transport.
Tax Benefits for Businesses
Madeira offers attractive tax benefits for businesses, including a reduced corporate tax rate and exemptions from withholding tax on dividends. This makes the island an attractive location for investment and business start-ups. GoMovin is happy to advise you on all tax matters and assist you in setting up your business in Madeira.
For Businesses
The reduced corporate tax rate and exemption from withholding tax on dividends are key advantages for businesses establishing themselves in Madeira. These incentives help to enhance the island's competitiveness and attract investment. GoMovin supports you in taking advantage of these benefits and helps you establish your business successfully in Madeira.
Job Market and Self-Employment: Your Career in Madeira
Job Market in Madeira: Opportunities and Challenges
The job market in Madeira is diverse, with tourism, finance, and international business being the key sectors. However, it is important to note that the job market can be limited, and networking plays a crucial role in finding employment. GoMovin assists you in your job search and connects you with potential employers. On the Hakuna Madeira page, you can find more information.
Industries
The main industries in Madeira are tourism, finance, and international business. However, there are also opportunities in other areas, such as the IT sector and healthcare. It is advisable to research current job offers before moving and to pursue further education if necessary.
The Importance of Networking
Networking is particularly important in Madeira, as many jobs are not publicly advertised. It is advisable to establish contacts and engage in local networks. GoMovin helps you connect and introduces you to key players on the island.
Self-Employment and Remote Work: Working Flexibly in Madeira
Madeira is an attractive location for freelancers and digital nomads, as the island boasts excellent infrastructure and high-speed internet. There are also numerous co-working spaces that provide an ideal working environment. GoMovin supports you in setting up your own business and advises you on all relevant aspects.
Particularly Suitable for Digital Nomads
The combination of high-speed internet and co-working spaces makes Madeira an ideal spot for digital nomads. The island offers a high quality of life and an inspiring environment that fosters creativity and productivity. GoMovin assists you in finding suitable accommodation and advises you on all matters related to living and working in Madeira.
Health, Education and Infrastructure: Well provided for in Madeira
Healthcare in Madeira: Quality Care for Everyone
The healthcare system in Madeira is well-developed and provides comprehensive care for all residents. There are 47 health centres, public hospitals, and private clinics. EU citizens can use the European Health Insurance Card (EHIC), while non-EU citizens should obtain private health insurance. GoMovin is happy to advise you on any questions related to the healthcare system in Madeira.
Structure
The healthcare system in Madeira includes 47 health centres, public hospitals, and private clinics. SESARAM is the public healthcare provider on the island. EU citizens can use the European Health Insurance Card (EHIC) to access public health services.
Private Health Insurance
Private health insurance offers additional benefits, such as faster treatment and a broader choice of doctors and hospitals. It is advisable to research the various options and secure appropriate insurance before moving. GoMovin can assist you in choosing the right health insurance.
Education in Madeira: Diverse School Options
Madeira offers a variety of schooling options, including international schools, bilingual schools, and public schools. The international schools offer curricula aligned with global standards. GoMovin is pleased to help you select the right school for your children.
School Options
The international schools in Madeira provide curricula aligned with global standards, offering good preparation for studying abroad. There are also bilingual schools teaching both Portuguese and English. Public schools are free and provide a solid basic education.
Infrastructure in Madeira: Well Connected and Mobile
The infrastructure in Madeira is well-developed, particularly in larger cities. There is a well-functioning public transport network, and the roads are in good condition. The internet is also widely available, especially in cities where fibre optic connections are accessible. GoMovin supports you in organising your transport and advises you on all matters related to the infrastructure in Madeira.
Transport
Buses in Madeira cost between €2 and €4 per ticket, and a monthly pass costs about €40. Rental cars are available from €30 per day. It is advisable to explore the various transport options before relocating and choose a suitable solution.
Internet
The internet is widely available in Madeira, especially in larger cities where fibre optic connections are accessible. There are also numerous cafes and co-working spaces offering free Wi-Fi. GoMovin supports you in setting up your internet connection and advises you on all matters related to digital infrastructure in Madeira.
Legal Aspects: How to Avoid Pitfalls
Professional Advice: Essential for a Smooth Move
The legal and bureaucratic aspects are an important part of emigrating to Madeira. It is essential to seek advice from an expat lawyer to properly address all legal issues and avoid pitfalls. GoMovin collaborates with experienced lawyers who can support you with all legal matters. More information can be found on the MCS Portugal page.
Expat Lawyer
An expat lawyer is knowledgeable about Portuguese and Madeiran law and can assist you with all legal matters, from applying for a visa to purchasing property. It is advisable to consult a lawyer early on to avoid mistakes and ensure you meet all legal requirements.
Avoiding Incorrect Registration: Consequences and Solutions
Incorrect registration as a resident can lead to fines, interest, and legal issues. It is important to thoroughly research before registering and ensure you meet all criteria. GoMovin supports you with registration and advises you on all relevant aspects.
Consequences
Incorrect registration can lead to significant financial consequences, including fines, interest, and back taxes. Therefore, it is essential to thoroughly research before registering and ensure you meet all criteria. GoMovin can assist you in reviewing your documents and ensure you meet all legal requirements.
Updating Tax Residency: Securing Tax Benefits
It is important to update your tax residency after immigration to secure all tax benefits. GoMovin supports you in updating your tax residency and advises you on all relevant aspects.
Securing Tax Benefits
Updating your tax residency is an important step to securing all tax benefits available to you as a newcomer. GoMovin supports you in updating your tax residency and advises you on all relevant aspects. This is especially important to take advantage of the reduced tax rates and other incentives offered by Madeira.
Mastering Challenges: Tips for a Successful Move
Language Skills: Key to Integration
Although English is widely spoken in Madeira, knowledge of the Portuguese language is advantageous, especially in the hospitality industry. It is advisable to attend a language course before emigrating or to become familiar with the Portuguese language online. GoMovin supports you in your integration and offers language courses and cultural training.
Highly Recommended
Knowledge of the Portuguese language facilitates integration into the local community and opens up new opportunities in the job market. Even though English is widely spoken, it is polite and respectful to communicate in the national language. GoMovin supports you in improving your language skills and offers language courses and cultural training.
Seasonal Fluctuations in Tourism: Job Searching and Business Planning
Tourism in Madeira is subject to seasonal fluctuations, with the high season running from April to October. This should be considered when searching for jobs and planning your business. GoMovin is happy to advise you on all matters related to the tourism sector in Madeira.
Considerations for Job Searching and Business Planning
Seasonal fluctuations in tourism can impact job searching and business planning. It is recommended to inform yourself about the current trends and developments in the tourism sector before emigrating and to adjust your strategy accordingly. GoMovin supports you in planning your business and advises you on all relevant aspects.
Energy Efficiency of Older Buildings: Considerations When Choosing Accommodation
Older buildings in Madeira are often not energy efficient, which can lead to higher heating costs. It is advisable to take this into account when choosing accommodation and to look for energy-efficient alternatives. GoMovin supports you in your apartment search and advises you on all matters concerning the energy efficiency of buildings.
Ihr Neustart im Paradies: Move stress-free with GoMovin
Summary of Madeira's Advantages
Madeira offers a high quality of life, safety, and stunning natural beauty. The island is an attractive place to live for expatriates, investors, and digital nomads. However, it is important to realistically assess your situation and seek professional advice to overcome all challenges successfully. GoMovin supports your move to Madeira and is at your side with advice and assistance. Further information can be found on the Amazon website.
High Quality of Life, Safety, Nature
The combination of high quality of life, safety, and beautiful nature makes Madeira a unique place to live. The island offers a relaxed atmosphere and a variety of leisure activities, from hiking and swimming to golfing and sailing. GoMovin supports your integration into the local community and helps you make the most of your life in Madeira.
Realistic Expectations: Honest Assessment of Feasibility
It is important to have realistic expectations about moving to Madeira and not be misled by unrealistic promises. An honest assessment of feasibility is crucial to the success of your move. GoMovin advises you honestly and transparently and supports you in planning your move.
Honest Assessment of Feasibility (Hakuna Madeira)
Companies like Hakuna Madeira place great emphasis on an honest assessment of the feasibility of moving to Madeira. This is important to avoid disappointment and ensure that you make the right decision. GoMovin supports you in planning your move and advises you honestly and transparently.
Continuous Development: Madeira as an Attractive Place to Live
Madeira is continuously developing and is becoming an increasingly attractive place to live. The island invests in its infrastructure and offers a high quality of life. GoMovin supports your move to Madeira and accompanies you on your journey to a new life.
Are you planning your move to Madeira? We at GoMovin help you make this step as easy and stress-free as possible. With our expertise and global network, we offer you a comprehensive all-in-one solution for your international move. From the initial planning to arrival on the island – we take care of all the details. Contact us today to learn more about our services and plan your individual move. Visit our contact page and start your new life in Madeira!
Further useful links
On the MCS Madeira page, you will find detailed information about visa options for migrating to Madeira.
The MCS Portugal page provides further information on the tax aspects related to relocating to Madeira.
FAQ
Which visa options are available for relocating to Madeira?
EU/EFTA/Swiss citizens can enter visa-free. Non-EU/EFTA/Swiss citizens require a visa, such as the D7 Visa (passive income of at least €10,000/year) or the Golden Visa (investment in infrastructure or agriculture funds).
What tax advantages does Madeira offer?
Madeira offers a reduced corporate tax rate and exemptions from withholding tax on dividends. Newcomers may also qualify for tax incentives.
What are the living costs in Madeira?
An individual needs about €1,198 per month, while families should budget about €2,689. These costs include rent, groceries, transport, and leisure activities.
How do I find suitable accommodation in Madeira?
The rental market offers a variety of options. You can expect to pay €500-650 per month for a T1 apartment, €650-850 for a T2 apartment, and €750-1000 for a T3 apartment.
What job opportunities are available in Madeira?
The main industries are tourism, finance, and international business. Networking is key to job searching. Self-employment and remote work are also popular options.
What is the healthcare system like in Madeira?
Madeira has a well-developed healthcare system with 47 health centres, public hospitals, and private clinics. EU citizens can use the European Health Insurance Card (EHIC).
Is it necessary to speak Portuguese to live in Madeira?
Although English is widely spoken, knowledge of the Portuguese language is advantageous, particularly in hospitality and for integrating into the local community.
What is the NIF and why do I need it?
The NIF (Portuguese tax number) is your personal tax identification number, required for almost all financial matters, from opening a bank account to signing a rental contract.
