Madeira: Country and Foreign Investment
Investments by Foreigners
Madeira is part of Portugal, which sees foreign investment as an essential part of its overall strategy to modernize the economy. A key objective of the government's 1994-1999 Regional Development Plan was to boost international competitiveness through increased foreign investment in transport, telecommunications, energy, agriculture, fisheries, and tourism.
Under a simple post facto registration regime for foreign investment established in 1995, foreign investors need only register with the Foreign Trade, Tourism, and Investment Promotion Agency (ICEP) within thirty days from the day they make their investment. The regime is designed to obtain administrative or statistical information and applies to all foreign investors, EU and non-EU alike.
Portugal applies some percentage limits to ownership of entities in certain sectors, including air transport, television and telecommunications.