Pricing Policy Disclaimer

Madeira Corporate Services (MCS) provides the following general terms and conditions regarding pricing:

– Our fees are fixed or charged on an hourly basis, depending on the type of services requested by the Client, and are reviewed annually in accordance with our internal procedures. Where they are not fixed, fees are calculated based on the experience and training of the professionals involved, as well as the time spent preparing the work contracted by the Client, and also taking into consideration factors such:

a) the contribution made, the responsibility assumed, the amounts involved and the results obtained by the Client;
b) the novelty, complexity and difficulty of the matters;
c) the extraordinary efforts required to meet deadlines, Client requirements, or exigencies of the circumstances, which may imply an increase in hourly fees of up to 50% if the work has to be performed before 9:00 am and after 6:00 pm (Madeira Standard Time – UTC 0); (iv) the fees charged by other professionals with a similar profile and positioning to MCS for comparable services.

– Time recorded is based on actual time spent, with a minimum of 15 minutes for any interaction.

– Billable time includes, among other services, telephone contacts made and received, e-mails written or read, contacts with official entities, meetings, bibliographical research, preparation of minutes, completion of forms, copies of documents, physical or digital archiving, and accounting necessary for the calculation and imputation of expenses incurred on behalf of the Client, when these are necessary for its own purposes.

– Specific expenses related to legal or administrative proceedings, notarial and registration fees, express courier services, and travel within the framework of the Client’s projects will be charged at their exact value and itemized separately in the relevant expense note. Expenses do not include the time resulting from the qualified administrative work specified in the previous section, which will be itemized in the bill of fees.

– MCS explicitly clarifies that it will not be responsible for the payment of any fees, taxes, levies, or charges imposed by any governmental authority in connection with the Services. The Client acknowledges and agrees that it is solely responsible for complying with all tax and legal obligations under Portuguese law, including but not limited to the payment of any taxes, fees, levies, or charges imposed by local, regional, or national government authorities. MCS shall not, therefore, be liable for any penalties, fines, fees, or additional costs that may arise due to the Client’s non-compliance with Portuguese law.

– VAT shall be added to the applicable fees at the legal rate in force.

– Expenses are charged at cost and include telephone, fax, postage, office expenses, or other expenses, as the case may be.

– MCS may make payment of the above expenses on behalf and to the Client’s order, provided that the corresponding provision of funds has been received and upon prior approval by the Client.

– Expenses, where applicable, are subject to VAT, and payment of this is the Client’s responsibility.

– Invoicing of fees charged, and expenses incurred takes place, as a rule, at the end of the work or at a stage thereof or, alternatively, on a monthly, quarterly, half-yearly, or annual basis, depending on the agreement with the Client has negotiated with MCS.

– If, by prior agreement with the Client, invoices are paid in a currency other than the Euro, as well as when the Client requires a specific collection procedure, MCS reserves the right to request the Client to pay any expenses incurred with the conversion of the payment into the currency indicated and with the adoption of such collection procedure.

By engaging with Madeira Corporate Services, the Client acknowledges and accepts that the above general terms and conditions on pricing shall apply, unless specific conditions are negotiated between MCS Administration and the Client. Clients whose fees have been quoted by MCS Team members in writing by e-mail, and who have not signed an engagement letter, services agreement, or any other kind of legally binding document for the provision of services requested by them over e-mail, are nonetheless bound, by default, to these publicly available general terms and conditions.

Madeira Corporate Services does not engage in pricing discrimination based on ancestry, sex, race, language, territory of origin, religion, political or ideological convictions, education, social condition, sexual orientation or gender identity.

For a detailed quotation of our services, please contact MCS Team directly by e-mail.