With the increase in prosperity and the expansion of the economy in
MacauThe Macau Special Administrative Region , commonly known as Macau or Macao , is one of the two special administrative regions of the People's Republic of China, the other being Hong Kong...
, there is a growing demand from all over the
worldWorld is a highly common name for the planet Earth, but it was originally used to mean the sum of human civilization living on it, specifically human experience, history, or the 'human condition' in general....
for
residencyPermanent residency refers to a person's visa status: the person is allowed to reside indefinitely within a country despite not having citizenship. A person with such status is known as a permanent resident....
in the
Special Administrative RegionA special administrative region, or SAR may be:People's Republic of China* Special Administrative Region of the People's Republic of China, self-governing subnational entity in Hong Kong and Macau...
.
There are 4 categories for Macau
ResidencyPermanent residency refers to a person's visa status: the person is allowed to reside indefinitely within a country despite not having citizenship. A person with such status is known as a permanent resident....
Application, including:
- Foreign investors currently engaged in manufacturing
Manufacturing is the use of machines, tools and labor to make things for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
, services, hotels or similar industries
- Potential foreign investors who plan to invest in industrial units, service industries, hotel industries or similar industries
- Investment in fixed assets or other tangible productive assets - most notably is investment in real estate
Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is fixed in location.
"Real estate" The American Heritage Dictionary of the English Language, Fourth Edition. Houghton Mifflin...
property
- Technical or "talent" immigrants - Management staff and professional technicians
Among the above, the third type is the most commonly used.
The criterion for
investmentInvestment or investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. Investing is the active redirection of resources: from being consumed today, to creating benefits in the future; the use of assets to...
in fixed assets is that the investment should not be less than MOP1 million (about USD125,000).
With the increase in prosperity and the expansion of the economy in
MacauThe Macau Special Administrative Region , commonly known as Macau or Macao , is one of the two special administrative regions of the People's Republic of China, the other being Hong Kong...
, there is a growing demand from all over the
worldWorld is a highly common name for the planet Earth, but it was originally used to mean the sum of human civilization living on it, specifically human experience, history, or the 'human condition' in general....
for
residencyPermanent residency refers to a person's visa status: the person is allowed to reside indefinitely within a country despite not having citizenship. A person with such status is known as a permanent resident....
in the
Special Administrative RegionA special administrative region, or SAR may be:People's Republic of China* Special Administrative Region of the People's Republic of China, self-governing subnational entity in Hong Kong and Macau...
.
Immigration Categories
There are 4 categories for Macau
ResidencyPermanent residency refers to a person's visa status: the person is allowed to reside indefinitely within a country despite not having citizenship. A person with such status is known as a permanent resident....
Application, including:
- Foreign investors currently engaged in manufacturing
Manufacturing is the use of machines, tools and labor to make things for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
, services, hotels or similar industries
- Potential foreign investors who plan to invest in industrial units, service industries, hotel industries or similar industries
- Investment in fixed assets or other tangible productive assets - most notably is investment in real estate
Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is fixed in location.
"Real estate" The American Heritage Dictionary of the English Language, Fourth Edition. Houghton Mifflin...
property
- Technical or "talent" immigrants - Management staff and professional technicians
Among the above, the third type is the most commonly used.
Criterion for investment in fixed assets
The criterion for
investmentInvestment or investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. Investing is the active redirection of resources: from being consumed today, to creating benefits in the future; the use of assets to...
in fixed assets is that the investment should not be less than MOP1 million (about USD125,000). The most popular form of investment in Macau is the acquisition of real estate of not less than MOP1 million. This investment should be by way of
fundFund may refer to:* To fund is the process of Funding, or providing capital or other resources for a transaction, a project, a person, a business or other private or public institutions...
transferred from a country outside Macau and the relative bank loan, if any, should not be obtained in Macau or from a
bankA bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money.Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds...
in Macau and the real estate is free from any
mortgageA mortgage is the transfer of an interest in property to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt...
or charge.
Applicants' spouses or co-inhibitors
According to the Investment Residency Law of Macau, such application may be extended to include the spouse of applicant, applicant's and his/ her spouse's parents and applicant's and his/ her spouse's minors. Therefore, a total of three families may be qualified under this scheme together with the main applicant. An interesting note to the definition of “spouse” under Macau law is that the term includes those who are legally declared by the court as separated couples and those who have “lived” with the applicant for more than two years. Therefore, co-inhibitors are also qualified.
Temporary residency card
If the application is approved by the relevant government body in Macau, a “Temporary Residency Card” will be issued to the applicant. This Temporary Residency Card will be valid for a maximum period of 18 months, if the application is under the category of investment project; or 3 years for other types of applications. They are renewable only if the above criteria is fulfilled. The residency will become permanent after seven years of temporary residency in Macau.
Exception
However, the Macau government will not accept any application from applicants who hold passports issued by
Mainland ChinaMainland China, Continental China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China , excluding Hong Kong and Macau, which are under the jurisdiction of the PRC but run on different economic and...
.