Law 64/2015, of the 1st of July, which approves Regime IV of the International Business Centre of Madeira (IBCM), has been published. It is now possible, therefore, to formally license new companies to operate within the ambit of the IBCM.
Under the terms of the new regime, as recently agreed with the European Commission, companies licensed to operate within the framework of the IBCM will enjoy, until the end of the year 2027, a reduced corporate tax rate of 5%, one of the lowest in the European Union.
Additionally, such companies will benefit from a withholding tax exemption on the payment of dividends, amongst other tax exemptions and reductions, as well as from the dispositions of the Portuguese general regime including a worldwide participation exemption.
Regime IV of the IBCM reinforces Madeira as a very attractive, credible and stable jurisdiction for the efficient structuring of international operations and for the attraction of inward investment . Read more
MSC - the Mediterrenean Shipping Company, the second largest shipping company in the world and whose passenger ships often call Madeira's port, has recently registered two vessels in MAR under the Portuguese flag. Five other vessels of the MSC fleet are scheduled to register until the end of the year. Read more
The amendments to the legal framework of the International Shipping Register of Madeira - MAR recently approved by the Portuguese Government, removed some of the obstacles that were preventing the registration of a considerable number of vessels, particularly in what regards the registration of mortgages. The approved amendments introduce the simplification of procedures relating to the formalities for the creation, modification and termination of mortgages and their registration at the Private Commercial Register of Madeira's Free Trade Zone. Read more
SDM is pleased to announce that the European Commission has authorized Regime IV of the International Business Centre of Madeira (IBCM).
Under the terms approved by the EC, companies licensed to operate within the framework of the IBCM will enjoy until the end of the year 2027 a reduced corporate tax rate of 5%, one of the lowest in the European Union, among other significant tax benefits.
The regime now agreed with the European Commission will be soon published by the Portuguese Government through the respective internal legislation.
We believe that the implementation of Regime IV of the IBCM will reinforce Madeira as a very attractive, credible and stable alternative for international investment and operations, with all benefits guaranteed until the end of 2027. Read more
According to the latest available data, the International Business Centre of Madeira (IBCM) grew in numbers when compared to 2013.
In fact, on the 31st of December, 2014, a total of 2.193 entities were licensed to operate within the framework of the IBCM, as opposed to a total of 1.903 entities registered at the end of 2013. Read more
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