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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.
The scheme began in 2012. [8] [9] By 2024, the country has received 7.3 billion euros of funds through the program.[10]In August 2019, according to SEF, Chinese investment in Portugal under the scheme was down during the first eight months of 2019, a decrease of 15.7 percent from the same period of 2018.
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.
Since 2019, he is the President of the Legislative Assembly of Madeira. [1] He was successively elected as member of the Legislative Assembly of Madeira since 1996. He was parliamentary leader several times. [2] In 2009, he was elected as a member of the Assembly of the Republic, being re-elected in the early elections of June 2011.
The Legislative Assembly of Madeira (Portuguese: Assembleia Legislativa da Madeira) is the legislature of the Portuguese autonomous region of Madeira. The last regional election was held on 26 May 2024, won by the Social Democratic Party (PSD) with 49,104 votes (36.13% share).
The president of the Legislative Assembly of Madeira is the speaker of the regional parliament of this autonomous region of Portugal.. The position was created in 1976 after the newly enacted Constitution of Portugal, which followed the 1974 Revolution, granted legislative autonomy to the Azores and Madeira archipelagoes, thus establishing the Portuguese Autonomous Regions and the respective ...
Funchal (Portuguese pronunciation: ⓘ) is the capital, largest city and a municipality in Portugal's Autonomous Region of Madeira, bordered by the Atlantic Ocean.The city has a population of 105,795, [1] making it the sixth largest city in Portugal.