- total exemption from VAT and customs duties on the importation of goods to be stored and/or transformed in the zone, and of equipment.
- exemption from export quotas
- subsidy on energy-efficient manufacturing processes
- available factory and warehousing facilities
- significant incentives are offered to employees of companies (national and foreign) operating in the zone, including 50% subsidy toward staff training costs.
- exemption from social security contributions (employer contribution) for workers under 22 years of age with the status of trainees
Licensing process includes the submission of a formal application to the Madeira Regional Government with the following information.
- Company name and address of the applicant
- Nature of the industry and type of goods to be produced
- the area where the company wishes to operate, including a topographical map. A plan of the premises, area required and access roads
- indication of the production capacity of the industry unit
- summarised description of the production technology and a list of the main productive equipment
- total value of investments and sources of finance
- period required for the installation and operation
- indication of the number of jobs to be created
- elements on effluent treatment facilities, where necessary.
1. Fees
1st payment of a fee in the amount of US 750 to the Madeira Development Company due for the license
2nd annual maintenance fee in the amount of US 13.50 per sq. meter.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information please contact:
Christina Perriera Madeira Fiducia Management LDA Rua 31 de Janeiro No 81-A 5E -9050 Funchal Madeira Portugal
Related links:
Click Contact Link
Click Contact Link
