The President of the board of the IBC-Services of the Commercial and Industrial Association of Funchal-Chamber of Commerce and Industry of Madeira (ACIF-CCIM),
Posts tagged as “International Business Centre of Madeira (IBC)”
The Court of Justice of the European Union (CJEU), has made a decision on an appeal filed by Madeira over the Brussels decision that 'led' state aid to the region's Free Trade Zone, and then demanded that it be recovered.
The President of the Government of Madeira, Miguel Albuquerque, said today that he will provide “every necessary assistance to ascertain the truth in relation to the award of the management concession of the International Business Centre,” which is currently under investigation. When questioned by journalists, he said: “First of all,…
Yesterday Judicial Police officers raided the offices of SDM - Sociedade de Desenvolvimento da Madeira- at Rua da Mouraria in Funchal, as part of an ongoing investigation of the International Business Centre of Madeira (IBC).
The Government of Portugal has announced that it will instruct the Tax Authority to "act unilaterally" in the absence of a consensus by the working group charged with preparing the recovery plan for support granted to companies licensed to operate in the Free Trade Zone of Madeira (ZFM).
The parliamentary leader of the CDS, António Lopes da Fonseca, said today that his party "is deeply concerned about the current situation concerning the International Business Centre of Madeira (IBC).
The Eventual Inquiry Commission on 'The Public Service Concession Contract" called “Administration and Exploration of the Madeira Free Zone (MFZ) or International Business Centre of Madeira (IBIC)" and the acquisition of share capital of "Sociedade de Desenvolvimento da Madeira, SA," today unanimously approved the methodology by which the commission will hear evidence from four witnesses.
The European Commission concluded last week that the Madeira Free Trade Zone (ZFM) regime violated state aid rules, as it included companies that did not contribute to the development of the region, and in view of this Portugal must recover the support provided.