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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.
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 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.
In the 2023 regional election, the We Are Madeira coalition (PSD/CDS–PP) was again the most voted coalition, 43 percent, but failed to win an absolute majority. [6] After the elections, PSD and CDS–PP sought the parliamentary support from PAN, which guaranteed an absolute majority in the regional parliament.
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 ...
Funchal Baptist Church was established in Madeira in 1976. It is located at Rua Silvestre Quintino de Freitas, and provides English services in the morning and Portuguese in the evening. The Church of Jesus Christ of Latter-day Saints was established on Madeira in 1983.
BTG Pactual helps companies, [23] financial institutions and governments to obtain funding by issuing securities, and through structured and guaranteed loans. It also provides services in M&A, IPOs, FX operations, as well as trading in derivatives and commodities.
The President of the Regional Government of Madeira is the head of the devolved government of the Madeira archipelago, since the Carnation Revolution that established the current democratic regime in Portugal and granted political autonomy to the Portuguese islands.