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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 and Angola begin negotiations for Double Taxation Agreement

On the 8th of November 2010, the Portuguese Ministry of Finance and Public Administration announced that negotiations towards the conclusion of a Double Taxation Agreement between the Portuguese Republic and the Angolan Government have been initiated.

Negotiations are still in a very early stage. Though, once approved, this Agreement will be a key instrument to avoid double taxation and is likely to promote internationalization and closer business relations between companies of both countries.

In fact, this Double Taxation Agreement may even become the first bilateral instrument of this kind in force in Angola, which, given the relevance of this region both to domestic and foreign investors, can determine the choice of Portugal as an efficient jurisdiction for investments in this region.

In this context, investments in Angola through the incorporation of a company within Madeira’s IBC will become even more attractive both to domestic and foreign investors wishing to invest in this country, since, besides the advantages of the IBC regime, they might potentially benefit from a relevant instrument of tax relief.

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