What Types of Business are Best Placed to take Advantage

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Madeira International Business Centre: A Business-Friendly Environment

The Madeira International Business Centre (MIBC) is a Portuguese government initiative that offers a number of benefits to companies that are registered with this body. These benefits include lower taxation, state-of-the-art infrastructure, and efficient local support services.

What Key Benefits Are Available Companies Registered in the MIBC?

One of the key benefits of registering a company in the MIBC is the lower taxation rate. hong kong mobile database Companies registered in the MIBC are subject to a rate of 5% corporate tax. This is significantly lower than the corporate tax rate in many other countries, making the MIBC an attractive option for businesses that are looking to optimise tax efficiencies.

The reason MIBCs enjoy a lower tax rate is because the regime is recognised as a form of state aid which has been approved by the EU Commission. The regime is compliant with the principles of the OECD, BEPS and the European Tax Directives.

In addition to low taxation, the MIBC also offers a number of other benefits to companies that are registered there. These benefits include:

State-of-the-art infrastructure: The MIBC is located in Madeira, which is a Portuguese island with a modern infrastructure, digital solutions, data storage, and a favourable business environment.
Efficient local support services: The MIBC has a number of support services available to companies, such as legal, accounting, human resources and tax advice.