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05-12-2017 MAR contributes to Portugal's inclusion in Qualship 21 For the first time, vessels under the Portuguese flag have been included in the Qualship 21 Index...

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11-10-2017 Madeira's IBC intensive promotional activity till the end of 2017... In the last quarter of the year, S.D.M. will conduct promotional missions to six more countries t...

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11-10-2017 MAR continues to show a positive growth trend... The continuous and positive growth of companies in the International Business Centre of Madeira i...

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11-10-2017 Licensing of new companies keeps growing Between January and the end of July, 121 new companies were set up within the International Busin...

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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 wh...

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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 rec...

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Madeira's IBC consolidates growth in 2014

Madeira's IBC consolidates growth in 2014

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.

These are clearly positive indicators which began to appear during the second semester of 2013, after the positive decision taken by the European Commission to review the ceilings applicable to the taxable profits of companies in the IBCM which may enjoy a reduced corporate tax rate of 5%.

As it can be seen in the table below, the growth the IBCM experienced in 2014 was mainly due to an increase in the number of companies in the International Services sector as well as in the number of vessels registered in the International Shipping Register - MAR. Both sectors of the IBCM play a vital role in the diversification of the island's economy, by creating news sources of revenue and employment, among other benefits.

Presently, a formal negotiation process is taking place between Portugal and the European Commission in order to approve Regime IV of the IBCM, which is expected to be in force until the end of 2027. In this regard, S.D.M. hopes that the European Commission will take a quick and adequate decision in order to reinforce the competitiveness and stability of the IBCM as a vital tool to attract foreign investment and to diversify Madeira's economy.


Number of entities operating within the IBCM

Sector 31/12/2013 31/12/2014
International Services 1590 1821
Industrial Free Trade Zone 50 47
Entities Registered in MAR 263 325
Total 1903 2193



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