Hinahangad ni Madeira na palakasin ang ekonomiya gamit ang mga startup, makabagong sistema ng pagbabayad
An archipelago in the middle of the Atlantic is seeking startups and tech talents to boost its economic growth. Web3 entrepreneurs are flocking to this region. Portugals Madeira archipelago has been praised for its natural beauty, but an aging population and pressing need for a more diversified economy prompted its local government to explore emerging technologies, such as blockchain. According to Rogerio Gouveia, finance secretary of the regional government of Madeira, emerging-technology companies make up nearly 30% of businesses in Madeiras free trade zone, a special economic area that offers tax benefits to companies, including one of the lowest corporate tax rates in the European Union and capital gains tax exemption for eligible firms. “For companies aiming to establish a presence in the region, the foremost tax incentive is found in the Madeira free zone or the International Business Center. This area offers a preferential tax regime, capping the corporate tax rate at a competitive maximum of 5%. Its important to note that this is not an offshore haven. This regime operates within a structured set of regulations and undergoes rigorous audits by both national tax authorities and the European Commission,” Gouveia told Cointelegraph during the Madeira Blockchain conference. One of the companies behind




