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    Efficient Consulting Corporation

Rua da Queimada de Cima nº 28, 3º P

9000 - 065 Funchal - Madeira | Portugal

 Email: info@efficientconsulting-co.com

            Tel: +351 291 771 323

 Madeira International Shipping Register (MAR) continuous to grow. 

By ECCO on December 2015

 

According to S.D.M.'s (the concessionaire) data, by the end of the first semester of 2015, a total of 377 vessels were registered in MAR, 52 more than the total number registered in December 2014, a result which represents an extremely positive development for this sector of the International Business Centre of Madeira.

 

Other relevant data confirm MAR's positive performance. For instance, since June 2014, the gross tonnage of commercial vessels almost doubled from 3.488.005GT to 6.487.866GT in June 2015, representing a clear increase in the size of new vessels registered.

 

Intensifying MAR’s international credibility is the fact that in July 2015 there was a significant decrease of the average age of the commercial vessels registered from 13.82 years down to 11.96 years, a result of the effort done to improve the quality standards of this register.

 

All these above described improvements confirm the success of the strategy followed by S.D.M. in order to achieve and turn MAR into one of the leading ship registers in Europe.

 Madeira International Shipping Register (MAR) is the 4th largest in the European Union. 

By ECCO on December 2014

 

At the end of the 3rd quarter of 2014, the Madeira International Shipping Register (MAR) had become the register with the biggest growth by percentage when compared to the other European registers, positioning itself as the 4th major registry in what concerns to vessels registered.

 

The quality of the registry MAR has not only improved in number of vessels, but also in its quality, which is relevant for the choice of the register in the eyes of the international shipyards.

 

The decrease of the average age and the increase of the Gross Register Tonnage (GRT) of the vessels registered in MAR are two positive indicatives of the increase of quality of the registry. In the year 2013, this average age was 15,5 years, today it is 12,3 years, as to the GRT, in the same period in was stated a growth of 158% and now it is above the 4 Million GRT.

Good news for those who invest in Portugal, it's the same as saying for the IBC of Madeira Investors.

​By ECCO on January 2014

 

Portugal finally published in the Official Gazette its Corporate Income Tax (CIT) Reform (Law n.º 2/2014. D.R. n.º 11, Series I of 2014-01-16); this was approved on the 20th of December, 2013 at the Portuguese Parliament, with the support of around 90% of the Members.

 

Measures contained in this reform are extremely interesting for companies who have an active role in the development of the Portuguese society, some of which aiming at Portugal to become more competitive in attracting foreign investment.

 

ECCO at the 2013 Monaco Yacht Show

By ECCO on August 2013

 

Nicolas Veiga França will be attending the show between the 26th and 28th September of 2013, and they look forward to meeting new clients as well as friends and colleagues within the yachting industry.

 

The Monaco Yacht Show is widely considered the most prestigious pleasure boat show in the world with the exhibition of 500 major companies in the luxury yachting and a hundred super and megayachts afloat.

 

Please do not hesitate to contact us  to arrange a meeting. We look forward to hearing from you and to hopefully sharing a cold beer or a glass of wine.