The MCS pricing policy sets out the principles governing how Madeira Corporate Services (MCS) prices and records professional services. Its purpose is to ensure transparency, predictability, and alignment with internationally recognised standards applicable to regulated advisory firms.
MCS provides professional services in tax, corporate structuring, accounting, regulatory compliance, and ongoing advisory support. These services are delivered by qualified professionals operating under professional responsibility and, where applicable, regulatory and statutory duties. As such, the primary resource supplied by MCS is professional time.
Accordingly, the MCS pricing policy is based on a well-established and straightforward principle: professional time constitutes the service provided.
Scope of the MCS Pricing Policy
The MCS pricing policy applies to all professional services rendered by MCS, irrespective of the format through which they are delivered. Professional engagement may take place through meetings, telephone or video calls, written correspondence, or other forms of communication. The medium does not alter the professional nature of the work performed.
Each interaction that requires professional analysis, judgment, or action is treated as professional time. This includes preparatory work, follow-up actions, internal technical discussions, and coordination with third parties or public authorities, as necessary, to execute the client mandate properly.
Professional Time and Efficiency
A frequent source of misunderstanding in professional services is the assumption that brevity in an interaction reduces its professional value. The MCS pricing policy clarifies that efficiency does not negate professional effort or responsibility.
Professional expertise enables complex matters to be addressed efficiently. However, even concise responses are grounded in training, experience, contextual review, and the assumption of professional responsibility. The value of professional services lies not in their duration but in their reliability, accuracy, and accountability.
For this reason, the MCS pricing policy does not distinguish between “simple” and “complex” questions when determining whether time is billable. The determining factor is whether professional judgement has been applied.
Time Recording Methodology
Under the MCS pricing policy, time is recorded based on actual time spent, subject to a minimum billing unit. This reflects standard practice across international professional services firms and ensures consistency, auditability, and fairness in billing.
Professional work requires continuity of knowledge, familiarity with the client file, and responsibility for outcomes. Time recording, therefore, encompasses the full range of activities necessary to deliver services to an appropriate professional standard.
Rectification and Review of Prior Work
The MCS pricing policy also applies to situations in which MCS is engaged to review, correct, or regularise work previously performed by third parties. Such assignments often require additional analysis, verification, and risk assessment. In many cases, rectification work is more complex than initial compliance.
Accordingly, professional time devoted to review and corrective work is recorded and billed in the same manner as any other professional service.
Transparency and Fee Discussions
Transparency is a core element of the MCS pricing policy. Clients are encouraged to request written quotations or fixed-fee proposals before the commencement of work, where the scope of services permits. Where services are billed on a time-spent basis, clients retain control over the volume and frequency of interactions.
Fee discussions take place at the outset of an engagement. Invoices issued in accordance with recorded professional time reflect services rendered and are not subject to retroactive renegotiation based on the nature or format of individual interactions.
Summary of the MCS Pricing Policy
In summary, the MCS pricing policy reflects standard professional practice applicable to regulated advisory firms. MCS does not sell isolated answers or informal opinions. It provides professional time, expertise, and accountability, delivered in accordance with applicable legal and professional standards.
This framework ensures clarity for clients and allows MCS to maintain the quality, consistency, and reliability expected of a professional advisory firm.
For clients who value structured engagement, process predictability, and professional accountability, the pricing policy provides a clear, transparent basis for collaboration.
The founding of Madeira Corporate Services dates back to 1996. MCS started as a corporate service provider in the Madeira International Business Center and rapidly became a leading management company… Read more
