Stringwave provides consulting services to bring modern technological businesses to the FTZ and to provide Wireless Network Services throughout the EU. The corporation leverages more than 30 years of wireless network and business development.

Wireless communication networks are currently underdeveloped internationally. Stringwave intends to capitalize on the need for more wireless telecommunication networks and infrastructure including UMTS, W-CDMA and WiFi along with RF Design and Engineering, Concealment/Hidden Emitters/Antennas, Architectural Design, Construction Management, Turnkey Construction, Utility Coordination, Equipment Engineering, Installation, Optimization, and Equipment Maintenance services. In addition, Stringwave has a software development team building products that design wireless networks and maximize the operational efficiency for wireless networks. Stringwave’s staff combines technological expertise, seasoned leadership, and a well-understood market.

The Company’s Mission:
Stringwave is dedicated to client satisfaction through effective partnerships with clients and business partners, and through the utilization of timely, efficient project development processes. We strive toward a high level of communication with both our clients and employees to ensure we understand their needs and respond to their concerns. We never compromise our integrity in order to gain an edge in business. We strive to maintain our reputation for honesty, integrity, and dependability. Our goal is moderate growth, which will give us the ability to develop quality networks while maintaining profitability.

Services:
Stringwave offers the following services:

- International Business Center and FTZ consultation
- RF Design and Optimization Engineering
- Network Design Software
- Concealment/Hidden Emitters/Antennas
- Turnkey Construction Services
- Architectural & Engineering Design Services
- Utility Coordination
- Building Permit Approval Process
- Equipment Engineering - Installation and Optimization
- Equipment Maintenance
- Personnel Training through University Programs

About the FTZ
Currently, over 5000 entities had been licensed under the Free Trade Zone Legislation (including 50 within the financial center alone). Nearly 5,000 jobs have been created directly and indirectly and new companies are being set up at the rate of around 3 per day. With the new tax exemption rules established this figure will, no doubt, continue to grow.

In 2001, new laws were approved in Madeira that maintain a low or zero tax status for companies operating in the jurisdiction's Free Trade Zone. Under the new legislation all companies licensed before 31 December, 2000, will continue to be tax exempt until 31 December 2011. Companies licensed during the years 2001 and 2002 will be obliged to pay a corporation tax rate of 1% of profits. For those licensed between 2003 and 2004 a rate of 2% will be levied on profits, going up to a 3% rate for companies granted licenses between 2005 and 2006. All licenses will be operational until 2011 when the tax rates will be revised.

Financial institutions must be approved by the Bank of Portugal and licensed to operate within the Free Zone. Licenses granted in 2001 and 2002 will attract tax rate of 7.5% of profits; licenses granted between 2003 and 2004 will attract a 10% tax; while 12.5% tax will apply to licenses granted between 2005 and 2006.

The above rates will also apply to established credit institutions and other financial firms licensed before 1 January 2001 and will continue until 31 December 2011. All other taxation exemptions including withholding tax on dividend payments, will continue to be in force until 31 December 2011.

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