Companies licensed to operate in Madeira International Business Centre (MIBC), between January 1, 2015 and December 31, 2020, enjoy a number of tax benefits which are guaranteed until December 31, 2027.
After the revision of the ceilings applicable to the taxable profits of companies licensed to operate in the MIBC, the subsequent negotiation with Brussels of the IV Regime of the MIBC provided Madeira with a stronger and reinforced tool for economic development.
This decision meets the expectations of various entities involved in the operation and development of the MIBC, providing international investors with a clear message of trust, credibility and stability.
The 5% corporate tax rate is subject to the following annual ceilings:
– 20.1% of gross value added obtained annually; or
– 30.1% of the annual costs of labor, or
– 15.1% of the annual turnover.
The tax benefits are applicable to different ceiling values of annual taxable income, depending on the number of jobs created, as described below:
|Number of Jobs||Minimum Investment||Ceiling|
|1 to 2||€ 75,000||€ 2,730,000|
|3 to 5||€ 75,000||€ 3,550,000|
|6 to 30||–||€ 21,870,000|
|31 to 50||–||€ 35,540,000|
|51 to 100||–||€ 54,680,000|
|More than 100||–||€ 205,500,000|