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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.
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.
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 ...
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.
The Port of Funchal was the only major port in Madeira until 2007 when it became fully dedicated to passenger transport – cruise ships and ferries – and other tourist-related boats and yachts. In that year all remaining fishing activity and cargo trade was moved to the newly developed port of Caniçal , 12 mi (19 km) to the east.
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.
Some areas, such as the Azores, Madeira and Macau, were deemed either impractical to decolonise or too close in ties to Continental Portugal to make independent. However, due to their distinct geography, economy, social and cultural situation, as well as historical aspirations of autonomy in Madeira and the Azores, the autonomous regions were ...
Santa Maria Maior was the first parish to be instituted in Funchal. Its name was given, as some historians believe, because it was constructed in larger proportions than the chapel consecrated in the name of Nossa Senhora da Conceição ordered built by João Gonçalves Zarco (on the present site of the Church of Santa Clara). [3]