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The setting-up of the Free Industrial Zone has led to the installation, under more favourable conditions, of
infrastructure, production shops and essential services for small and
medium-sized industrial enterprises.
The setting-up of the Free Industrial Zone has led to the installation, under more favourable conditions, of
infrastructure, production shops and essential services for small and
medium-sized industrial enterprises.
The Free Zone of Madeira, also called the Madeira International
Business Centre, being a tax-privileged economic area, provides an
incentive for companies, offering them financial and tax advantages via
a whole range of activities exercised in the Industrial Free Zone, the
Off-Shore Financial Centre, the International Shipping Register
organisation, and the International Service Centre.
The services sector makes the largest contribution to the formation of the regional gross value added as opposed to the agricultural sector, for which the share has continuously declined in the regional economy. Over the last few years, the regional economy has managed to open up and establish more internal and external competitiveness, so that its companies have become internationalised. The largest industries are associated with the activities of food, beverages (and especially Madeira wine) and construction. |
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| Capital (and largest city) |
Funchal 32°39′N, 16°55′W |
|
| Official languages | Portuguese | |
|---|---|---|
| Government | Autonomous region | |
| - | President | Alberto João Jardim |
| Establishment | ||
| - | Settled | 1420 |
| - | Autonomy | July 1, 1976 |
| Area | ||
| - | Total | 828 km² (n/a) 320 sq mi |
| Population | ||
| - | 2006 estimate | 245,806 |
| - | Density | 295/km² (n/a) 195/sq mi |
| GDP (PPP) | 2003 estimate | |
| - | Total | €4.6 billion (n/a) |
| - | Per capita | - (n/a) |
| HDI (n/a) | - (n/a) (n/a) | |
| Currency | Euro (€) (EUR) | |
| Time zone | WET | |
| - | Summer (DST) | EST (UTC+1) |
| Internet TLD | .pt | |
| Calling code | +351 spec. +351 291 | |
| 1 | Prior to 2002: Portuguese escudo | |
Contact Us:
00 351 913 591 282
00 351 913 591 282