CONTACT US English Português Home Welcome About Madeira Expertise & Services Downloads ABOUT MADEIRA INDUSTRIAL FREE TRADE ZONE Home/ About Madeira/ Industrial Free Trade Zone Excellent geographic location In the 1980s a deep seaport was constructed at Caniçal, 30 km from Funchal, where only a fishing village had existed before and it was here that an industrial free trade zone was established. The industrial free trade zone now measures some 138 hectares in size. A large number of companies engaged in such diverse activities as foodstuffs, tobacco, metal works, and electrical appliances have set up there. The Industrial Free Trade Zone has been created to receive activities which, by their nature, involve the physical movement of goods. All goods, regardless of their nature, quantity, origin, and destination, may be imported into the Zone in order to be stored, repaired or transformed with few formalities, provided they are not a threat to national security or public health. Madeira’s FTZ offers a wide range of both tax and customs incentives which form a unique package, unrivalled by any other Free Trade Zone. Madeira can be of great benefit for non-European companies wishing to penetrate into the EU Single Market more easily, and for European companies aiming at reducing their operational costs and enhancing their tax efficiency. Besides benefiting from the existing tax regime applicable to a MIBC company, especially the reduced tax rate of 5% until 2027, manufacturing companies in the Industrial Free Trade Zone may also benefit from a 50% reduction on the taxable income, when fulfilling two of the following criteria: Contribution to the modernization of the economy through technical innovation, new products, and procedures; Diversification of the regional economy by introducing new activities of added value; Fixation of qualified human resources; Contribution to the improvement of the environment; Creation of 15 jobs for a period of 5 years. In addition, Madeira’s FTZ has other characteristics which, in some cases, may also become important competitive factors: The islands’ geographical location, with speedy access to the European, African, and American markets Political and economic stability Modern telecommunications An excellent climate without great temperature variations throughout the year ABOUT MADEIRA General Information The Madeira International Business Centre – MIBC Industrial Free Trade Zone MAR – Madeira International Shipping Register HOW TO PROCEED We would welcome the opportunity to assist you with more information: Contact us for a FREE consultation if you would like to discuss your requirements with one of our consultants in person. For professional intermediaries and repeat orders, download the relevant Application Form and return by fax or email. ABOUT MADEIRA MANAGEMENT Since 1989, MMCL and its team of highly qualifed, multilingual staff provide a complete range of business and private consulting and support services to companies or individuals investing through or doing business in Portugual. Read more about us LINKS Home Welcome About Madeira Expertise & Services Downloads Contact Us CONTACT US Madeira Management Cia Lda Rua dos Murças, nº 15, 1º andar 9000-058 Funchal Madeira Portugal +351 (291) 201 700 madeira.management@mmcl.pt FOLLOW US Privacy Policy | Cookie Policy | Site Map |©️ Madeira Management Cia Lda. All Rights Reserved. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. Cookie settings ACCEPT