It is one of two autonomous regions of Portugal, the other being the Azores. It is an archipelago situated in the North Atlantic Ocean, in a region known as Macaronesia, just under 400 kilometres (250 mi) to the north of the Canary Islands and 520 kilometres (320 mi) west of the Kingdom of Morocco. Madeira is geologically located on the African Tectonic Plate, notwithstanding being culturally, sociologically, economically and politically European as it is its southern archipelago neighbor
Economy: The setting-up of a free trade zone, also known as the Madeira International Business Center (MIBC) has led to the installation, under more favorable conditions, of infrastructure, production shops and essential services for small and medium-sized industrial enterprises. The MIBC comprises presently three sectors of investment: the Industrial Free Trade Zone, the International Shipping Register – MAR and the International Services. Madeira's tax regime has been approved by the European Commission
madeira (por)
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