With the increase in prosperity and the expansion of the economy of Macau, there is a growing demand from all over the world for residency in the Special Administrative Region.
Immigration Services and related Department is under the Public Security Police Force of Macau.
There are 4 categories for Macau Residency Application, including:
The criterion for investment in fixed assets was discontinued in 2007. It had allowed for residency with purchase of real estate valued at 1 million MOP or more, and the deposit of 500,000 MOP into a Macau bank account for seven years. The government announced in 2010 it had no intention to make the fixed asset investment plan available again.
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 dependent minors. Therefore, a total of three generations may be qualified under this scheme together with the main applicant. The definition of “spouse” under Macau law 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, cohabitators are also qualified.
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 are fulfilled. The residency will become permanent after seven years of temporary residency in Macau.
The economy of Macau is a highly developed market economy. Macau's economy has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy. Since Macau has little arable land and few natural resources, it depends on mainland China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods. Although Macau was hit hard by the 1997–98 Asian financial crisis and the early 2000s recession, its economy grew approximately 13.1% annually on average between 2001 and 2006. Macau is a full Member of the World Trade Organization. Public security has greatly improved after handover to the People's Republic of China. With the tax revenue from the profitable gambling industry, the Macau government is able to introduce the social welfare program of 15 years of free education to all Macau citizens. In 2015, Macau's economy saw a sharp decrease due to the reduced spending by visitors from Mainland China since the Anti-corruption campaign under Xi Jinping.
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