As a result of the conclusions of the G20 summit, held last April in London, Madeira's International Business Centre has consolidated its position as a transparent jurisdiction, fully integrated in the new architecture of the world financial order.
The IBC of Madeira is a Portuguese jurisdiction of international vocation, formally approved by the EC as a State Aid Regime and created with the objective of providing adequate conditions for the development and diversification of a small outermost island economy such as Madeira's. The unanimous topic of attention in the G20 summit has been the need to distinguish the group of countries that have always cooperated and followed the rules of transparency and exchange of information. Portugal has always been included and separated from those who do not cooperate on these matters and hence...
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