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Wednesday, 08 September 2010 17:40   

Boa Vista and Maio Islands Tourism Development Corporation, SA, (SDTIBM) was established by Decree-Law No. 36/2005 of 6 June, which also approves the relevant statutes. This is a limited company that is fully publicly owned, which includes as partners the State and the Municipalities of Boa Vista and Maio, detaining 51%, 35% and 14% of the capital, respectively.

With the approval of the new statutes by Decree-Law No. 16/2007 of 30 April, the SDTIBM became in full compliance with the Code of Commercial Companies, while still holding the special powers and authority provided for in Legislative Decree No. 1/2005 of 31st January.

SDTIBM’s business management is ensured by a Board of Directors, composed of 5 members, which delegated the authority of daily management and representation to an Executive Commission, comprising three directors.

The lifesplan of SDTIBM is indefinite.




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