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The International Business Center of Madeira (IBCM) or Madeira International Business Centre (MIBC), formally known as the Madeira Free Trade Zone, is a set of tax benefits authorised by Decree-Law 500/80 in 1980, legislated [1] [2] in 1986, and amended throughout the years by the Portuguese government to favor the Autonomous Region of Madeira.
A Brazilian Swap is a type of swap where the floating rate is calculated using an average rate and has only one payment, which occurs at maturity. [1]The average rate used for the Floating Leg is the Average One-Day Interbank Deposit (aka CDI rate, or overnight DI rate) which is an annual rate and is calculated daily by the Central of Custody and Financial Settlement of Securities (CETIP).
Madeira was also the host of the 2003 World Handball Championship. The Rally Vinho da Madeira is a rally race held annually since 1959, considered one of the biggest sporting events on the island [147] It was part of the European Rally Championship from 1979 to 2012 and the Intercontinental Rally Challenge from 2006 to 2010.
Quinta Vigia serves as the seat of the Presidency of the Government of the Autonomous Region of Madeira. In the historic centre of Funchal, next to the Cathedral, stands the Building of the Regional Government of Madeira. This property was erected in the 17th century to house the Santa Casa da Misericórdia do Funchal and its hospital, having ...
Madeira International Business Centre [ edit ] Companies incorporated and headquartered in Madeira can apply for an International Business Centre (MIBC) license and, granted that they comply with substance requirements, benefit from a corporate tax rate of 5% on the taxable profit derived from economic activities engaged with non-resident ...
The Legislative Assembly of Madeira is composed of deputies, elected by universal, direct and secret suffrage, by constituencies. According to the Electoral Law, the regional parliament has 47 deputies elected in a single regional constituency. Voters are Portuguese citizens registered in the voter registration of any municipality in the ...
The Rio Madeira Sustainable Yield Forest (Portuguese: Floresta de Rendimento Sustentado Rio Madeira) is a set of managed forests in the state of Rondônia, Brazil. Three sectors, A, B and C, were created in 1990 but only sectors B and C remain. The forests have not been managed in a sustainable manner.
As of 2021, Madeira had a total population of 245,595. The island is the top of a massive submerged shield volcano that rises about 6 km (3.7 mi) from the floor of the Atlantic Ocean. The volcano formed atop an east–west rift [ 1 ] [ 2 ] in the oceanic crust along the African Plate , beginning during the Miocene epoch over 5 million years ago ...