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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 to...

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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 is also...

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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 Business...

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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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MAR with better conditions to compete internationally


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.

These changes are the result of an intensive and articulated technical work between S.D.M., the Regional Government of Madeira and the National Authorities responsible for the maritime sector, which made it possible to proceed with these measures, identified by the market as being fundamental to enhance the competitiveness and further growth of this sector of the International Business Centre of Madeira.

For S.D.M., "this decision of the Portuguese Government will meet, in fact, the requirements set by the best international practices in the maritime sector and clearly reinforce MAR's ability to attract international shipowners and contribute to the development of the Portuguese flag".

 

 

 

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