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23-10-2015 MSC registers vessels in MAR MSC - the Mediterrenean Shipping Company, the second largest shipping company in the world and whose...

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22-09-2015 MAR with better conditions to compete internationally The amendments to the legal framework of the International Shipping Register of Madeira - MAR recently...

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15-07-2015 MAR with more competitive fees Recently, the Regional Government of Madeira approved various measures to strengthen and enhance the...

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02-07-2015 Tax Regime of the IBC of Madeira has been Published... Law 64/2015, of the 1st of July, which approves Regime IV of the International Business Centre of...

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10-03-2015 European Commission approves Regime IV of the International Business Centre of Madeira... SDM is pleased to announce that the European Commission has agreed to the implementation of Regime IV...

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06-02-2015 Madeira's IBC consolidates growth in 2014 According to the latest available data, the International Business Centre of Madeira (IBCM) grew in...

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MAR with more competitive fees

Recently, the Regional Government of Madeira approved various measures to strengthen and enhance the competitiveness and attractiveness of the International Shipping Register of Madeira (MAR), among shipowners and international operators.

One of the approved measures is the reduction of the registration fees in order to make MAR more attractive for the registration of larger vessels, since they may represent more revenues as well as multiplying effects on the regional economy.

In addition, a reduction of the annual fee was introduced, more specifically 50% of the annual amount, which will be applicable to shipowners with 30 or more vessels registered. The objective of this measure is to encourage the registration of fleets.

Such measures, recently published in the Official Journal of the Autonomous Region of Madeira, are the result of a thorough and careful market analysis by SDM, having in mind the development of MAR and the International Business Centre of Madeira as a whole.

 

Order nr. 134/92 - which establishes the fees applicable to commercial ships registered in MAR.

 

 

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