“Our idea is that the turnover of technology will exceed our main sector, which is tourism, within five years, and I think we will do it sooner”, said Miguel Albuquerque.
The president of the Regional Government (PSD/CDS-PP) said that, according to the latest data available, Madeiran technology companies have a turnover of more than €309 million, and it is possible that they currently exceed €350 million.
“Right now, Madeira has all the conditions to continue to be very attractive to technological companies”, he considered, arguing that the region “has a set of variants that are very attractive to investors: quality of life, a good health system, safety, good digital connections and a tax regime that is appealing”.
“Therefore, if we look at these five conditions of attractiveness, they are very important to host companies here”, reinforced Miguel Albuquerque.
“Right now, Madeira has all the conditions to continue to be very attractive to technological companies” - by "technological" read "crypto", and that's about to reverse when they bring in all the new taxes.
By John Smith from Lisbon on 16 Nov 2022, 18:19