European Commission approves Regime IV of the International Business Centre of Madeira
SDM is pleased to announce that the European Commission has formally authorized Regime IV of the International Business Centre of Madeira (IBCM).
Under the terms approved by the EC, companies licensed to operate within the framework of the IBCM will enjoy until the end of the year 2027 a reduced corporate tax rate of 5%, one of the lowest in the European Union, among other significant tax benefits.
The regime now agreed with the European Commission will be soon published by the Portuguese Government through the respective internal legislation.
We believe that the implementation of Regime IV of the IBCM will reinforce Madeira as a very attractive, credible and stable alternative for international investment and operations, with all benefits guaranteed until the end of 2027.
10-03-2015
Article taken from www.ibc-madeira.com