|
Madeira:
The Madeira
International Business Center includes an Industrial Free Zone (41
licensed firms), a Financial Services Center (43 licensed bank
branches), an International Services Center (2,833 licensed firms)
and an International Shipping register (148 licensed firms). Madeira
offers exemptions from corporate or individual income tax on
licensed companies through the year 2011. It also offers grants of
up to 100% of employee training costs and up to 50% of the cost of
energy-saving changes in production measures. The Free Zone offers
total exemption from customs duties on goods and raw materials
imported into the zone; exemption from quotas on exports to the EU
of goods produced in the zone; no payment of EU duties on local
value-added; and no payment of EU duties on products incorporating
EU raw materials and components. Foreign-owned firms have the same
opportunities as domestic firms.
Azores:
The Azores has
established a Free Trade Zone on the island of Santa Maria with tax
and financial incentives.
Bonded
warehouses:
Foreign products may
be brought into Portugal and be stored in bonded warehouses
duty-free for an unlimited period of time. There are five types of
bonded warehouses depending on its public or private nature and
whether its management is endorsed by the Customs authorities or by
private entities (established in the territory of the EU). In some
bonded warehouses it is possible to do some handling, assembling and
or manufacturing of the stored goods.
|
Usesful Links 
