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In page Madeira:

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The Madeira International Business Center (MIBC) free trade zone has led to additional infrastructure, production shops and essential services for small and medium-sized industrial enterprises. MIBC comprises three sectors of investment: the Industrial Free Trade Zone, the International Shipping Register – MAR and International Services. Madeira's tax regime has been approved by the European Commission as legal State Aid and its deadline was extended through 2027. MIBC was created formally in the 1980s as a tool of regional economic policy.[citation needed] It consists of (mainly tax) incentives, granted with the objective of attracting investment into Madeira.