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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.
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 ...
Electricity on Madeira is provided solely through EEM (Empresa de Electricidade da Madeira, SA, which holds a monopoly for the provision of electrical supply on the autonomous region) and consists largely of fossil fuels, but with a significant supply of seasonal hydroelectricity from the levada system, wind power and a small amount of solar.
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 ...
Continental Portugal 327,667 km 2; Madeira Islands 446,108 km 2; Azores Islands 953,633 km 2; Total: 1,727,408 km 2; Portugal submitted a claim to extend its jurisdiction over additional 2.15 million square kilometers of the neighboring continental shelf in May 2009, [2] which would result in a marine territory of more than 3,877,408 km 2.
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).
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 A, B and C sustainable yield forests were created in 1990, among eight state forests created that year on the left bank of the Madeira River.The others were the Rio Vermelho A, B, C and D sustainable yield forests and the Rio Abunã Sustainable Yield Forest They covered an area of 587,207 hectares (1,451,020 acres). [1]