Following the approval of the New Investment Tax Code in the Autonomous Region of Madeira, by the Regional Legislative Decree No. 24/2016 / M, on 28th June 2016, it was approved the Regional Regulatory Decree No. 2 / 2017 / M, on 23rd February, which determines the criteria and conditions required for investment projects with a value equal to or greater than EUR 500,000.00 to benefit from the contractual fiscal benefits regime for productive investment.
One of the criteria for the eligibility of investment projects is based on their location, in other words, they have to be developed in the Autonomous Region of Madeira, but also on specific objectives that aim to achieve, for example, the strengthening of Madeira's approach with the Portuguese Communities, the incentive of urban rehabilitation initiatives and the revitalization of historic centers or the promotion of entrepreneurial and technological projects.
It should be pointed out that, even though they do not meet the criteria, objectives and conditions laid down in the Decree, projects which are considered of relevant interest to the Autonomous Region of Madeira or to the municipality in which they are inserted can still be considered as eligible, with the assent of the members of the Government responsible for the areas of finance and the economy.