Latest News

Previous Next
  • 1
  • 2
  • 3
13-02-2025 Portuguese-flagged ships achieve the best performance at the European level... Portuguese-flagged commercial vessels registered in the Madeira International Ship Registry (MAR)...

Read more
09-01-2024 Tech Companies at Madeira's IBC Advance Blockchain Use in Fighting Fraud... Nearsoft and Connecting Software, two leading IT companies based at Madeira's International Busin...

Read more
15-12-2021 29% of Madeira's IBC new companies are high-tech The number of new ICT companies licensed to operate within the framework of the International Bus...

Read more
01-09-2021 Employment and tax revenues generated by the IBC boost Madeira’s economy ... The most recent data concerning tax revenues and job creation in Madeira clearly demonstrates tha...

Read more
26-01-2021 Moving to work in Madeira - How Diogo, André and Pedro did it in 2020... Connecting Software, with headquarters in Vienna, opened its Madeira office three years ago. Out ...

Read more
27-10-2020 01 Edu System - Company licensed in the IBC of Madeira invests in the education area... What is the core business of you company? Can you describe your activity? 01 Edu System is an Ed...

Read more

Portugal increases its network of Double Taxation Agreements

The Portuguese Ministry of Finance and Public Administration recently announced on its official website that negotiations towards the conclusion of a Double Taxation Agreement between the Portuguese Republic and the Saudi Arabia Authorities have been concluded and that a Double taxation Agreement has just been signed with the United Arab Emirates.

The agreement between the Portuguese Republic and the United Arab Emirates has already been signed and the signature of the agreement concluded with Saudi Arabia Authorities is expected to take place on the forthcoming months.

The conclusion of these agreements, both under the OECD Model Convention, is noteworthy and extremely relevant, given the strong and increasing economic development that both Saudi Arabia and United Arabia Emirates have been witnessing.

Moreover, the conclusion of these agreements may render investments through the incorporation of a company within Madeira’s IBC even more attractive both to domestic and foreign investors wishing to invest in and from these countries, especially in Europe, since, besides the advantages of the IBC regime, they might potentially benefit from relevant instruments of tax relief.

FaLang translation system by Faboba