Regime III of Madeira's IBC extended

The European Commission has decided to extend the authorization of new companies in the International Business Centre of Madeira until the 30th of June, 2014, confirming the preparation of the negotiations concerning the IV Regime of the IBCM, whose benefits will be extended beyond 2020.

This decision meets the expectations of various entities involved in the operation and development of the IBCM, providing international investors with a clear message of trust and credibility.

After the recent revision of the ceilings applicable to companies licensed to operate in the IBCM, the consequent negotiation with Brussels of the IV Regime of the IBCM may provide Madeira with a new and reinforced tool for economic development.

For S.D.M., this is a further step in the consolidation of the International Business Centre of Madeira as a fundamental means to attract foreign investment, diversify and modernize the island’s economy at various levels, among which, the creation of employment and the generation of significant tax revenues.

Attachments:

Official Document of the European Commission