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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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Portugal increases its network of Double Taxation Agreements

The Portuguese Ministry of Finance and Public Administration recently announced on its official website that negotiations towards the conclusion of a Double Taxation Agreement between the Portuguese Republic and the Saudi Arabia Authorities have been concluded and that a Double taxation Agreement has just been signed with the United Arab Emirates.

The agreement between the Portuguese Republic and the United Arab Emirates has already been signed and the signature of the agreement concluded with Saudi Arabia Authorities is expected to take place on the forthcoming months.

The conclusion of these agreements, both under the OECD Model Convention, is noteworthy and extremely relevant, given the strong and increasing economic development that both Saudi Arabia and United Arabia Emirates have been witnessing.

Moreover, the conclusion of these agreements may render investments through the incorporation of a company within Madeira’s IBC even more attractive both to domestic and foreign investors wishing to invest in and from these countries, especially in Europe, since, besides the advantages of the IBC regime, they might potentially benefit from relevant instruments of tax relief.

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