2023 Investment Climate Statements: Macau

On December 20, 1999, Macau became a special administrative district of the People's Republic of China. Macau's status returned to the sovereign of the People's Republic of China, defined by the General Declaration of the General Wagin (1987) and the teaching method (the actual constitution of the special administrative district). Based on the concept of the "one country two system" specified in these documents, Macau has the highest autonomous right in financial business, and its financial system is 50 years later to return Chinese sovereignty in 1999. It is required to be immutable. Macau, a tariff country separated from the mainland of China, claims to be a nation with a liberal economy and a free port. The center of Macau's economy is considered a tourism industry. The Macau government (PM) supports the fantastic and indiscriminate free market economy. The government is eager to maintain the right conditions for traders.

In 2002, the GOM ended the lon g-term gambling monopoly, transferring two gambling congressions and one subconcession to a consortium with South American interests. The invention has contributed to a large investment from South America to casinos and hotels, stimulating the rise of cross finance in each field of tourism, gambling and leisure. In 2022, the GOM raised taxes to $ 2. 4 billion, which is equivalent to at least 20%of the total of $ 12. 4 billion per year. In 2007, the gambling industry was liberalized, and Macau passed Las Vegas with annual gambling profits and became the world's largest gambling center. Macau has reached a pandemic from the gambling business, about 7 times higher than Las Vegas. 2022, however, Las Vegas resumed in many ways for Macau, and thank you SAR, which continued to manage the strict border of Kobid 19 pandemic, complying with zerocobid politicians in China for the third year.

In 2022, in Macau, the United States was 5. 3 billion dollars in the gloss gaming income of the casino all year, 51, 4 % less than last year, which was the lowest since 2005. It is estimated that the US investment in the past 10 years has exceeded $ 24 billion. In addition to gambling, Macau has identified the establishment of an incentive trip, convention, and tourist area, but has achieved great results in diversifying its own economy. I couldn't. In 2007, business companies established the South American Macau Chamber of Commerce.

Macau is still eager to freeze the service platform for paid and trade cooperation between the mainland of China and the countries spreading in Portugal. GOM is leading these efforts and leading various politicians focusing on creating business opportunities for Russia and foreign traders. The construction of construction in August 2020 and will be completed in the first quarter of 2024, the fourth transport port of Macau Thai Port Port, new casinos, hotels, subways, and airports.

Table 1: Main characteristics and evaluation

unit	year	Index/ grade	Website address
TI corruption recognition index	2022	180 NVT	http: // www. Transparency. Org/Research/CPI/OVERVIEW
Global Innovation Index	2022	Applicable	https: // www. Globalinnovationindex. Org/Analysis-Indicator
PII from the United States to the other country (US $ 1 million, past buried position)	2021	$ 538	https: // apps. bea. gov/International/FactSheet/
World banks per capita	2021	$ 46, 450	https: // data. Worldbank. Org/Indicator/NY. Gnp. PCap. CD

1. Openness To, and Restrictions Upon, Foreign Investment

POLICIES TOWARDS FOREIGN DIRECT INVESTMENT

In March 1987, a joint declaration of the Macau issue by the Portuguese government and the Portuguese government and the Portuguese government were signed, stating the constitutional principle of the "one country system." The principle of the "one country two system" is basically an immutable right to use Macau to use the autonomy, free market system, legal system, and liberal conversation until late 2049. Macau's teaching method was based on the General General Declaration, which was established in December 1999, and has led to a major foundation for Macau management under China's sovereignty. In this teaching method, it is promised that Macau will maintain the principle of the "one country two system" until 2049.

Macau is a member of the World Trade Organization (WTO) separately from mainland China. According to Wall Street Journal and the Heritage Foundation, Macau was 34th in 180 countries around the world and ninth in the Asi a-Pacific region. However, Macau was expelled from the 2021 index announced in March 2021. The Heritage Foundation explains that in recent years, the reason for excluding Macau has revealed that policies to provide economic freedom to Macau have ultimately controlled by Beijing.

Macau has no special rules for foreign capital, so there is no limit on foreign capital. Both foreign companies and domestic companies are registered according to the same business rules, such as commercial law (Cabinet Order 40/99/m).

Macau is greatly dependent on gambling and tourism. The government is aiming to diversify the Macau economy by attracting foreign investments, supporting investors. Corporate taxes are low and net income of more than $ 75. 000 has a tax rate of 12 %. Companies with net income of less than $ 75. 000 are exempted. The maximum tax rate for individuals is 12 %, and the first $ 18. 00 of the personal taxable income is exempted from personal income tax. In June 2022, a new law on gambling was enacted in Macau, 35 % direct income tax was maintained, and indirect income for the national fund and social security fund for Macau's culture, science and education development was 4 % to 5. It was raised to %. As part of Macau's efforts to reduce excessive dependence on Chinese tourists, indirect costs may be reduced if casino operators can prove to attract tourists outside of China. Macau is trying to position himself as an incentive trip, convention, and tourism. All six gaming concessions in Macau have succeeded in maintaining concessions until 2022 and obtaining a 1 0-year business permit. < SPAN> Macau is a member of the World Trade Organization (WTO) separately from mainland China. According to Wall Street Journal and the Heritage Foundation, Macau was 34th in 180 countries around the world and ninth in the Asi a-Pacific region. However, Macau was expelled from the 2021 index announced in March 2021. The Heritage Foundation explains that in recent years, the reason for excluding Macau has revealed that policies to provide economic freedom to Macau have ultimately controlled by Beijing.

Macau has no special rules for foreign capital, so there is no limit on foreign capital. Both foreign companies and domestic companies are registered according to the same business rules, such as commercial law (Cabinet Order 40/99/m).

Macau is greatly dependent on gambling and tourism. The government is aiming to diversify the Macau economy by attracting foreign investments, supporting investors. Corporate taxes are low and net income of more than $ 75. 000 has a tax rate of 12 %. Companies with net income of less than $ 75. 000 are exempted. The maximum tax rate for individuals is 12 %, and the first $ 18. 00 of the personal taxable income is exempted from personal income tax. In June 2022, a new law on gambling was enacted in Macau, 35 % direct income tax was maintained, and indirect income for the national fund and social security fund for Macau's culture, science and education development was 4 % to 5. It was raised to %. As part of Macau's efforts to reduce excessive dependence on Chinese tourists, indirect costs may be reduced if casino operators can prove to attract tourists outside of China. Macau is trying to position himself as an incentive trip, convention, and tourism. All six gaming concessions in Macau have succeeded in maintaining concessions until 2022 and obtaining a 1 0-year business permit. Macau is a member of the World Trade Organization (WTO) separately from the mainland of China. According to Wall Street Journal and the Heritage Foundation, Macau was 34th in 180 countries around the world and ninth in the Asi a-Pacific region. However, Macau was expelled from the 2021 index announced in March 2021. The Heritage Foundation explains that in recent years, the reason for excluding Macau has revealed that policies to provide economic freedom to Macau have ultimately controlled by Beijing.

LIMITS ON FOREIGN CONTROL AND RIGHT TO PRIVATE OWNERSHIP AND ESTABLISHMENT

Macau has no special rules for foreign capital, so there is no limit on foreign capital. Both foreign companies and domestic companies are registered according to the same business rules, such as commercial law (Cabinet Order 40/99/m).

• The Macau Investment Promotion House (IPim) is a GOM office that is in charge of promoting trade and investment activities. The IPim provides services based on the principle of "one window" including notary business registration services, and is legally and administrative procedures for all domestic and overseas individuals or organizations who are interested in launching business in Macau. Is applied.
• In Macau, foreign companies and individuals can freely establish business, branches, and expatriates without discrimination or excessive regulations. There is no restriction on owning such establishments. The director of the company does not need to be a Macau citizen or resident, but the following three types of occupational activities are required:
• Training: Those who wish to open a school must have the right to live in a personality certificate or Macau. The principal must be a macau resident.

OTHER INVESTMENT POLICY REVIEWS

{space}

BUSINESS FACILITATION

Newspapers / Magazines: Opening applicants must first apply for business registration and register with the government information bureau as an organization or as an individual. Newspapers and magazines must have the right to live in Macau residents or Macau.

OUTWARD INVESTMENT

{space}

2. Bilateral Investment and Taxation Treaties

Legal work: Foreign lawyers who are going to do lawyers in Macau must first obtain permission to stay in Macau. Foreign lawyers must pass the exam before registering with the sel f-regulated lawyer association. The exam is performed in Chinese or Portuguese. Foreign lawyers who have passed the exam must receive a 1 8-month continuous internship before doing legal practice in Macau.

Macau last evaluated the WTO trade policy in November 2020. Refer to https: // www. < SPAN> Macau Investment Promotion House (IPIM) is a GOM office in charge of promoting trade and investment activities. The IPim provides services based on the principle of "one window" including notary business registration services, and is legally and administrative procedures for all domestic and overseas individuals or organizations who are interested in launching business in Macau. Is applied.

Macau is supporting an constant dialogue with investors through various business networks and platforms, such as the IPim, Macau Chamber of Commerce, the Macau US Chamber of Commerce, and the Macau Bank Association. Macau has participated in the Portugues e-speaking economic trade cooperation forum (a communication platform that strengthens economic trade cooperation between Portugues e-speaking countries). The forum holds a ministerial meeting every three years, and has been a member of the participating countries, senior government officials, international trading agencies and trade associations.

In Macau, foreign companies and individuals can freely establish business, branches, and expatriates without discrimination or excessive regulations. There is no restriction on owning such establishments. The director of the company does not need to be a Macau citizen or resident, but the following three types of occupational activities are required:

3. Legal Regime

TRANSPARENCY OF THE REGULATORY SYSTEM

Residence

Training: Those who wish to open a school must have the right to live in a personality certificate or Macau. The principal must be a macau resident.

{space}

Newspapers / Magazines: Opening applicants must first apply for business registration and register with the government information bureau as an organization or as an individual. Newspapers and magazines must have the right to live in Macau residents or Macau.

{space}

INTERNATIONAL REGULATORY CONSIDERATIONS

Legal work: Foreign lawyers who are going to do lawyers in Macau must first obtain permission to stay in Macau. Foreign lawyers must pass the exam before registering with the sel f-regulated lawyer association. The exam is performed in Chinese or Portuguese. Foreign lawyers who have passed the exam must receive a 1 8-month continuous internship before performing legal practice in Macau.

Macau last evaluated the WTO trade policy in November 2020. Refer to https: // www. The Macau Investment Promotion House (IPim) is a GOM office that is in charge of promoting trade and investment activities. The IPim provides services based on the principle of "one window" including notary business registration services, and is legally and administrative procedures for all domestic and overseas individuals or organizations who are interested in launching business in Macau. Is applied.

LEGAL SYSTEM AND JUDICIAL INDEPENDENCE

Macau is supporting an constant dialogue with investors through various business networks and platforms, such as the IPim, Macau Chamber of Commerce, the Macau US Chamber of Commerce, and the Macau Bank Association. Macau has participated in the Portugues e-speaking economic trade cooperation forum (a communication platform that strengthens economic trade cooperation between Portugues e-speaking countries). The forum holds a ministerial meeting every three years, and has been a member of the participating countries, senior government officials, international trading agencies and trade associations.

In Macau, foreign companies and individuals can freely establish business, branches, and expatriates without discrimination or excessive regulations. There is no restriction on owning such establishments. The director of the company does not need to be a Macau citizen or resident, but the following three types of occupational activities are required:

LAWS AND REGULATIONS ON FOREIGN DIRECT INVESTMENT

Residence

COMPETITION AND ANTITRUST LAWS

Training: Those who wish to open a school must have the right to live in a personality certificate or Macau. The principal must be a macau resident.

EXPROPRIATION AND COMPENSATION

{space}

DISPUTE SETTLEMENT

ICSID Convention and New York Convention

Newspapers / Magazines: Opening applicants must first apply for business registration and register with the government information bureau as an organization or as an individual. Newspapers and magazines must have the right to live in Macau residents or Macau.

Investor-State Dispute Settlement

{space}

Legal work: Foreign lawyers who are going to do lawyers in Macau must first obtain permission to stay in Macau. Foreign lawyers must pass the exam before registering with the sel f-regulated lawyer association. The exam is performed in Chinese or Portuguese. Foreign lawyers who have passed the exam must receive a 1 8-month continuous internship before performing legal practice in Macau.

International Commercial Arbitration and Foreign Courts

Macau last evaluated the WTO trade policy in November 2020. Refer to https: // www.

IPim supports foreign investors to register the company and establish a contact with related departments to enter the Macau market. The company registration procedure is usually completed within 10 business days. You can see the company registration procedure here: http: // www. Ipim. Gov. mo/ja/service/one-stop-service/Handle-Company-Registratio n-procedures/.

BANKRUPTCY REGULATIONS

Macau does not encourage or encourage foreign investment, and has not restricted domestic investors. According to the latest data, in 2021, direct investment flows from Macau companies increased 173 % yea r-o n-year to $ 3. 2 billion, up 36, 1 % yea r-o n-year to $ 12. 3 billion. Hong Kong and mainland China still maintain two major directions.

Macau has signed a tw o-country investment agreement (DED) with Portugal, the Netherlands. The United States has not signed a tw o-country tax agreement. Macau and mainland China have signed a free trade agreement (SST) -It's close economic cooperation agreement (CEPA). The agreement states that all products produced in Macau are indifferent access to mainland China and the preferential treatment system for 48 services. Macau and China Canteon Province have reached an agreement to achieve the basic liberalization of services using "Negative List" in the CEPA framework, 134 services and the Macau Service-Sector domestic system. Provide 58-sector. In addition, this agreement provides Macau the most benefit system, and the liberalization measures contained in the FTI signed by the mainland China and other countries are also applied to Macau. The framework and content of this agreement are the basic liberalization of trade services between Macau and mainland China. In the CEPA framework, the investment agreement and the economic technology cooperation agreement will come into effect. Investment agreements include investment access, investment protection, and investment support.

4. Industrial Policies

INVESTMENT INCENTIVES

In December 2016, the United States signed an inte r-government agreement with Macau and foreign account tax compliance. < SPAN> IPim supports foreign investors to register the company and establish a contact with related departments to enter the Macau market. The company registration procedure is usually completed within 10 business days. You can see the company registration procedure here: http: // www. Ipim. Gov. mo/ja/service/one-stop-service/Handle-Company-Registratio n-procedures/.

Macau does not encourage or encourage foreign investment, and has not restricted domestic investors. According to the latest data, in 2021, direct investment flows from Macau companies increased 173 % yea r-o n-year to $ 3. 2 billion, up 36, 1 % yea r-o n-year to $ 12. 3 billion. Hong Kong and mainland China still maintain two major directions.

Macau has signed a tw o-country investment agreement (DED) with Portugal, the Netherlands. The United States has not signed a tw o-country tax agreement. Macau and mainland China have signed a free trade agreement (SST) -Excient economic cooperation agreement (CEPA). The agreement states that all products produced in Macau are indifferent access to mainland China and the preferential treatment system for 48 services. Macau and China Canteon Province have reached an agreement to achieve the basic liberalization of services using "Negative List" in the CEPA framework, 134 services and the Macau Service-Sector domestic system. Provide 58-sector. In addition, this agreement provides Macau the most benefit system, and the liberalization measures contained in the FTI signed by the mainland China and other countries are also applied to Macau. The framework and content of this agreement are the basic liberalization of trade services between Macau and mainland China. In the CEPA framework, the investment agreement and the economic technology cooperation agreement will come into effect. Investment agreements include investment access, investment protection, and investment support.

In December 2016, the United States signed an inte r-government agreement with Macau and foreign account tax compliance. IPim supports foreign investors to register the company and establish a contact with related departments to enter the Macau market. The company registration procedure is usually completed within 10 business days. You can see the company registration procedure here: http: // www. Ipim. Gov. mo/ja/service/one-stop-service/Handle-Company-Registratio n-procedures/.

Macau does not encourage or encourage foreign investment, and has not restricted domestic investors. According to the latest data, in 2021, direct investment flows from Macau companies increased 173 % yea r-o n-year to $ 3. 2 billion, up 36, 1 % yea r-o n-year to $ 12. 3 billion. Hong Kong and mainland China still maintain two major directions.

FOREIGN TRADE ZONES/FREE PORTS/TRADE FACILITATION

Macau has signed a tw o-country investment agreement (DED) with Portugal, the Netherlands. The United States has not signed a tw o-country tax agreement. Macau and mainland China have signed a free trade agreement (SST) -It's close economic cooperation agreement (CEPA). The agreement states that all products produced in Macau are indifferent access to mainland China and the preferential treatment system for 48 services. Macau and China Canteon Province have reached an agreement to achieve the basic liberalization of services using "Negative List" in the CEPA framework, 134 services and the Macau Service-Sector domestic system. Provide 58-sector. In addition, this agreement provides Macau the most benefit system, and the liberalization measures contained in the FTI signed by the mainland China and other countries are also applied to Macau. The framework and content of this agreement are the basic liberalization of trade services between Macau and mainland China. In the CEPA framework, the investment agreement and the economic technology cooperation agreement will come into effect. Investment agreements include investment access, investment protection, and investment support.

In December 2016, the United States signed an inte r-government agreement with Macau and foreign account tax compliance.

In September 2018, the multilateral treaty on the Macau for Macau came into effect. Since 2022, the GOM is the 16 countries and regions (the Republic of Argentina, the United Kingdom, Gerns, Greenland, India, Australia, Denmark, Fellow Islands, Iceland, Iceland, Sweden, Sweden, Malta, Ireland, Finnish). The information exchange agreement (TIEA) has been concluded. Germany and New Zealand are undergoing negotiations on TIEA. Currently, Macau has applied for a double tax exemption within the related double tax evasion agreement with Belgium, Cabberde, China, Mozambique, Vietnam, Portugal, Hong Kong, and the last country, Cambodia.

PERFORMANCE AND DATA LOCALIZATION REQUIREMENTS

In November 2019, Macau and Hong Kong signed a comprehensive agreement to avoid double taxation, and came into effect on January 1, 2021. Based on this agreement, the Hong Kong tax paid by Macau residents from the income of Hong Kong as the source of Hong Kong can be offset with the payment of macau tax from the same income.

Usually, when revising or adding laws including investment, GZM conducts public talks for two months, creating a bill based on the results. Later, the member of the Diet deliberated the bill and was brought to the final voting. All processes are transparent and comply with international standards.

GOM's public comments are not published on the Internet. The bill can be viewed on the legislative council's website (http: // www. This site http: // www. IO. Gov. Mo, which lists links to GZM's news organizations that have published laws, rules and procedures.

Macau's Corruption Committee (CCAC in Portuguese), which is the ant i-corruption sector, has functioned for the Ombudsman, protects the rights, freedom, and legitimate interests of citizens, and ensures the fairness and efficiency of the government.

The Macau Act on budget framework (Cabinet Order 15/2017) aims to enhance national finances and increase the transparency of budgeting and execution.

Macau has no debt to any country. The general public can always obtain related data on public funds at the Financial Service Bureau's website https: // www. Dsf. Gov. Gov. Mo/financialReport/? Lang = ja. < SPAN> In September 2018, the Macao Convention on Macau for Tax Affairs became effective. Since 2022, the GOM is the 16 countries and regions (the Republic of Argentina, the United Kingdom, Gerns, Greenland, India, Australia, Denmark, Fellow Islands, Iceland, Iceland, Sweden, Sweden, Malta, Ireland, Finnish). The information exchange agreement (TIEA) has been concluded. Germany and New Zealand are undergoing negotiations on TIEA. Currently, Macau has applied for a double tax exemption within the related double tax evasion agreement with Belgium, Cabberde, China, Mozambique, Vietnam, Portugal, Hong Kong, and the last country, Cambodia.

In November 2019, Macau and Hong Kong signed a comprehensive agreement to avoid double taxation, and came into effect on January 1, 2021. Based on this agreement, the Hong Kong tax paid by Macau residents from the income of Hong Kong as the source of Hong Kong can be offset with the payment of macau tax from the same income.

5. Protection of Property Rights

REAL PROPERTY

Usually, when revising or adding laws including investment, GZM conducts public talks for two months, creating a bill based on the results. Later, the member of the Diet deliberated the bill and was brought to the final voting. All processes are transparent and comply with international standards.

GOM's public comments are not published on the Internet. The bill can be viewed on the legislative council's website (http: // www. This site http: // www. IO. Gov. Mo, which lists links to GZM's news organizations that have published laws, rules and procedures.

Macau's Corruption Committee (CCAC in Portuguese), which is the ant i-corruption sector, has functioned for the Ombudsman, protects the rights, freedom, and legitimate interests of citizens, and ensures the fairness and efficiency of the government.

INTELLECTUAL PROPERTY RIGHTS

The Macau Act on budget framework (Cabinet Order 15/2017) aims to enhance national finances and increase the transparency of budgeting and execution.

Macau has no debt to any country. The general public can always obtain related data on public funds at the Financial Service Bureau's website https: // www. Dsf. Gov. Gov. Mo/financialReport/? Lang = ja. In September 2018, the multilateral treaty on the Macau for Macau came into effect. Since 2022, the GOM is the 16 countries and regions (the Republic of Argentina, the United Kingdom, Gerns, Greenland, India, Australia, Denmark, Fellow Islands, Iceland, Iceland, Sweden, Sweden, Malta, Ireland, Finnish). The information exchange agreement (TIEA) has been concluded. Germany and New Zealand are undergoing negotiations on TIEA. Currently, Macau has applied for a double tax exemption within the related double tax evasion agreement with Belgium, Cabberde, China, Mozambique, Vietnam, Portugal, Hong Kong, and the last country, Cambodia.

6. Financial Sector

CAPITAL MARKETS AND PORTFOLIO INVESTMENT

In November 2019, Macau and Hong Kong signed a comprehensive agreement to avoid double taxation, and came into effect on January 1, 2021. Based on this agreement, Hong Kong tax paid by Macau residents from the income of Hong Kong as the source of Hong Kong could be offset with the payment of macau taxes from the same income.

Usually, when revising or adding laws including investment, GZM conducts public talks for two months, creating a bill based on the results. Later, the member of the Diet deliberated the bill and was brought to the final voting. All processes are transparent and comply with international standards.

GOM's public comments are not published on the Internet. The bill can be viewed on the legislative council's website (http: // www. This site http: // www. IO. Gov. Mo, which lists links to GZM's news organizations that have published laws, rules and procedures.

MONEY AND BANKING SYSTEM

Macau's Corruption Committee (CCAC in Portuguese), which is the ant i-corruption sector, has functioned for the Ombudsman, protects the rights, freedom, and legitimate interests of citizens, and ensures the fairness and efficiency of the government.

The Macau Act on budget framework (Cabinet Order 15/2017) aims to enhance national finances and increase the transparency of budgeting and execution.

FOREIGN EXCHANGE AND REMITTANCE

Macau has no debt to any country. The general public can always obtain related data on public funds at the Financial Service Bureau's website https: // www. Dsf. Gov. Gov. Mo/financialReport/? Lang = ja.

Macau has been considered a WTO member country since 1995 and has complied with internationally recognized measures. All GOM technical regulations are guided by the WTO trade technical disability.

REMITTANCE POLICIES

Macau is a signing country of the Trade Silveration Agreement (TFA) and has achieved 100 % promise.

Based on the principle of the "one country two system", Macau protects the European Continental Law as a soil of its own legal system based on the rule of law and the independence of justice. Today's procedures are considered to be procedures, objective and reliable. Macau has a paid contract law. Commercial law is regarded as a universal source of paid law, and state law is operated as a major source of contract law. The Macau court is the final appealing court, arbitration, and first instance court. There is also an administrative court, and it has jurisdiction over administrative cases and tax work. These courts are considered to be an effective means to secure property and contract rights. In real time, three arbitrators are in the appeal court, eight arbitrators are in the ruling court, and 32 arbitrators are working in the original court. There are 34 prosecutors of the district prosecutor. In 2009, the National Protection Law (SNZB) was established in Macau, crimes that contrary to national security, reversal of community, sin, riots, destroyed crimes, theft of community secrets, and transactions with foreign political organizations. We were banned and punished. The most important, transient influential among these atrocities, is still likely to be recognized as a criminal. < SPAN> Macau has been considered a member of the WTO since 1995 and has been observed internationally recognized. All GOM technical regulations are guided by the WTO trade technical disability.

Macau is a signing country of the Trade Silveration Agreement (TFA) and has achieved 100 % promise.

SOVEREIGN WEALTH FUNDS

Based on the principle of the "one country two system", Macau protects the European Continental Law as a soil of its own legal system based on the rule of law and the independence of justice. Today's procedures are considered to be procedures, objective and reliable. Macau has a paid contract law. Commercial law is regarded as a universal source of paid law, and state law is operated as a major source of contract law. The Macau court is the final appealing court, arbitration, and the first instance court. There is also an administrative court, and it has jurisdiction over administrative cases and tax work. These courts are considered to be an effective means to secure property and contract rights. In real time, three arbitrators are in the appeal court, eight arbitrators are in the ruling court, and 32 arbitrators are working in the original court. There are 34 prosecutors of the district prosecutor. In 2009, the National Protection Law (SNZB) was established in Macau, crimes that contrary to national security, reversal of community, sin, riots, destroyed crimes, theft of community secrets, and transactions with foreign political organizations. We were banned and punished. The most important, transient influential among these atrocities, is still likely to be recognized as a criminal. Macau has been considered a WTO member country since 1995 and has complied with internationally recognized measures. All GOM technical regulations are guided by the WTO trade technical disability.

7. State-Owned Enterprises (SOEs)

Macau is a signing country of the Trade Silveration Agreement (TFA) and has achieved 100 % promise.

Based on the principle of the "one country two system", Macau protects the European Continental Law as a soil of its own legal system based on the rule of law and the independence of justice. Today's procedures are considered to be procedures, objective and reliable. Macau has a paid contract law. Commercial law is regarded as a universal source of paid law, and state law is operated as a major source of contract law. The Macau court is the final appealing court, arbitration, and the first instance court. There is also an administrative court, and it has jurisdiction over administrative cases and tax work. These courts are considered to be an effective means to secure property and contract rights. In real time, three arbitrators are in the appeal court, eight arbitrators are in the ruling court, and 32 arbitrators are working in the original court. There are 34 prosecutors of the district prosecutor. In 2009, the National Protection Law (SNZB) was established in Macau, crimes that contrary to national security, reversal of community, sin, riots, destroyed crimes, theft of community secrets, and transactions with foreign political organizations. We were banned and punished. The most important, transient influential among these atrocities, is still likely to be recognized as a criminal.

PRIVATIZATION PROGRAM

The Macau court maintains the occupation in all district incidents, except for protection and diplomacy. NSL in 2009 did not affect the law. The GOM work on the review of the National Security System was not interrupted due to the epidemic of COVID-19. Later, in October 2022, the GOM imposed a revised bill under the National Security Law in 2009, and was passed in December in favor of all 33 parliamentarians. The new NSL intentionally expanded the impact of the law. For example, the new system has expanded the scope of the atrocities of the branch, linking no n-violent impacts and other violations of other laws. The crime of destruction for the Chinese government has become wider and has been directional as a destruction work for all organizations in China's central political power. The provisions on punishment at the stage of sinning China's national security are still integrated into the New National Safety Law. However, human rights organizations have expressed concern that the "ambiguous and extensive provisions" of the National Protection Law could blow away the freedom of association and opinions in Macau.

8. Responsible Business Conduct

The Macau's legal system is based on the rule of law and the independence of justice. Foreign companies and Russian companies are registered based on rules and lower 1 and what are under a series of laws (Cabinet Order 40/99/m). < SPAN> Macau's court maintains occupation in all district incidents, except for protection and diplomacy. NSL in 2009 did not affect the law. The GOM work on the review of the National Security System was not interrupted due to the epidemic of COVID-19. Later, in October 2022, the GOM imposed a revised bill under the National Security Law in 2009, and was passed in December in favor of all 33 parliamentarians. The new NSL intentionally expanded the impact of the law. For example, the new system has expanded the scope of the atrocities of the branch, linking no n-violent impacts and other violations of other laws. The crime of destruction for the Chinese government has become wider and has been directional as a destruction work for all organizations in China's central political power. The provisions on punishment at the stage of sinning China's national security are still integrated into the New National Safety Law. However, human rights organizations have expressed concern that the "ambiguous and extensive provisions" of the National Protection Law could blow away the freedom of association and opinions in Macau.

The Macau's legal system is based on the rule of law and the independence of justice. Foreign companies and Russian companies are registered under the rules and lower 1 and what are under a series of laws (Cabinet Order 40/99/m). The Macau court maintains the occupation in all district incidents, except for protection and diplomacy. NSL in 2009 did not affect the law. The GOM work on the review of the National Security System was not interrupted due to the epidemic of COVID-19. Later, in October 2022, the GOM imposed a revised bill under the National Security Law in 2009, and was passed in December in favor of all 33 parliamentarians. The new NSL intentionally expanded the impact of the law. For example, the new system has expanded the scope of the atrocities of the branch, linking no n-violent impacts and other violations of other laws. The crime of destruction for the Chinese government has become wider and has been directional as a destruction work for all organizations in China's central political power. The provisions on punishment at the stage of sinning China's national security are still integrated into the New National Safety Law. However, human rights organizations have expressed concern that the "ambiguous and extensive provisions" of the National Protection Law could blow away the freedom of association and opinions in Macau.

The Macau's legal system is based on the rule of law and the independence of justice. Foreign companies and Russian companies are registered based on rules and lower 1 and what are under a series of laws (Cabinet Order 40/99/m).

Macau has no competitive authorities or competition law. Commercial Code (Law No. 16/2009) includes major elements of monopoly policy on transactions that can disturb the normal functions of the market. GOM outsourced a survey of the Macau Science and Technology University in March 2019 on the optimization of the market system to promote a healthy competition in a private sector in March 2019, following the opposition of the price operation of Macau's oil and food retail sector. 。 Research results were open to the public in May 2020. Based on this survey, GOM argued that legal solutions such as antitrust law and ant i-trade methods do not necessarily lead to a decrease. Instead, GOM has appointed the Macau Consumer Committee, monitor local market prices, and decide whether to adopt a new market competition law. At the plenary session of the legislature in June 2021, the Minister of Economic Finance stated that the authorities did not yet have specific timetables to establish the antitrust law or ant i-owne d-prohibition law. He explained that Macau is a civilized society, and that legislation is always a last resort to promote ethical behavior and honesty.

Additional Resources

The United States does not recognize direct or indirect expenditures. The legal expiration of private property can be done when it comes to public interests. In such a case, GOM exchanges private property with the same government property based on the former fair market value and condition. Replacement of property is performed in accordance with the principles of established international law. No compensation is performed.

• The United States does not recognize direct or indirect expenditures. The legal expiration of private property can be done when it comes to public interests. In such a case, GOM exchanges private property with the same government property based on the former fair market value and condition. Replacement of property is performed in accordance with the principles of established international law. No compensation is performed.
• The United States does not recognize direct or indirect expenditures. The legal expiration of private property can be done when it comes to public interests. In such a case, GOM exchanges private property with the same government property based on the former fair market value and condition. Replacement of property is performed in accordance with the principles of established international law. No compensation is performed.
• The United States knows only one investment dispute involved in the United States or other foreign traders and contractors and HOMA. According to reports, in March 2010, an economic airline was forced to cancel a flight due to credit issues with fuel suppliers and was lost in licensing. In September 2010, the Macau court acknowledged zero airline. South American private companies, a major shareholder of the airline, filed a lawsuit in the Macau Court in seeking the opinion whether the GOM administrative impact led to the death of the airline. 2. The joint court of the agency held a hearing in May and June 2012. In November 2013, two institutional courts dismissed the appeal.
• Macau has a law on arbitration (Cabinet Order 55/98/m) and adopts the standard law of the United Nations International Trade Law (UNSITRAL) on international paid arbitration. GOM witnessed a paid discussion between its own and investors in international arbitration. The District Court confirms and conveys the conclusion of foreign arbitration. In May 2020, GOM passed a new law on arbitration and unified laws to regulate Macau's domestic arbitration and international arbitration. This arbitration reform incorporates international best practices and effective methods to resolve investment disputes, and the mechanism of emergency courts, restrictions on appeal rights, court evidence acquisition support functions, and approval of provisional measures. It affects implementation, publication of arbitration, etc. < SPAN> The United States knows only one investment dispute involved in the United States or other foreign traders and contractors and HOMA. According to reports, in March 2010, an economic airline was forced to cancel a flight due to credit issues with fuel suppliers and was lost in licensing. In September 2010, the Macau court acknowledged zero airline. South American private companies, a major shareholder of the airline, filed a lawsuit in the Macau Court in seeking the opinion whether the GOM administrative impact led to the death of the airline. 2. The joint court of the agency held a hearing in May and June 2012. In November 2013, two institutional courts dismissed the appeal.
• Macau has a law on arbitration (Cabinet Order 55/98/m) and adopts the standard law of the United Nations International Trade Law (UNSITRAL) on international paid arbitration. GOM witnessed a paid discussion between its own and investors in international arbitration. The District Court confirms and conveys the conclusion of foreign arbitration. In May 2020, GOM passed a new law on arbitration and unified laws to regulate Macau's domestic arbitration and international arbitration. This arbitration reform incorporates international best practices and effective methods to resolve investment disputes, and the mechanism of emergency courts, restrictions on appeal rights, court evidence acquisition support functions, and approval of provisional measures. It affects implementation, publication of arbitration, etc. The United States knows only one investment dispute involved in the United States or other foreign traders and contractors and HOMA. According to reports, in March 2010, an economic airline was forced to cancel a flight due to credit issues with fuel suppliers and was lost in licensing. In September 2010, the Macau court acknowledged zero airline. South American private companies, a major shareholder of the airline, filed a lawsuit in the Macau Court in seeking the opinion whether the GOM administrative impact led to the death of the airline. 2. The joint court of the agency held a hearing in May and June 2012. In November 2013, two institutional courts dismissed the appeal.
• Macau has a law on arbitration (Cabinet Order 55/98/m) and adopts the standard law of the United Nations International Trade Law (UNSITRAL) on international paid arbitration. GOM witnessed a paid discussion between its own and investors in international arbitration. The District Court confirms and conveys the conclusion of foreign arbitration. In May 2020, GOM passed a new law on arbitration and unified laws to regulate Macau's domestic arbitration and international arbitration. This arbitration reform incorporates international best practices and effective methods to resolve investment disputes, and the mechanism of emergency courts, restrictions on appeal rights, court evidence acquisition support functions, and approval of provisional measures. It affects implementation, publication of arbitration, etc.

In June 1998, the Macau Global Shopping Center was founded in Macau. The center's mission is to resolve the dispute through arbitration and mediation, and to make the conclusions other than the parties wonderful from the process. Foreign court conclusions in civil and paid lawsuits have been given any opportunities to be brought to Macau. Regarding the execution of the foreign court's conclusion, Article 1199 and 1200 of the Civil Procedure Code are considered. The Foreign Court's conclusion is qualified as an final conclusion confirmed by a true document, and if its performance does not violate Macau's public order and morals, it will be approved by Macau and brought to Macau.

Commercial law and bankruptcy law are specified by the Macau Trade Law, Civil Procedure Law, and Penal Code. Bankruptcy proceedings can be started at the request of a creditor or prosecutor at the application of a bankruptcy company. There are four ways to avoid ruin, the collection of creditors, the audit of corporate assets, large contracts, and agreements with creditors. In collaboration with the annotations of Article 615 to 618 of the Civil Code and Article 351 to Article 353 of the Civil Procedure Code, the lender is rationally afraid of the cost to guarantee their loans and requested the arrest of the debtor's property. There is an option to do. Criminal liability is considering the law violation of bankruptcy.

• In order to attract foreign investments, GOM is calling a trader for investment preferential treatment based on the national system. These preferential measures are on 23/98/m and 49/85/m, which are provided on the condition that companies have all the opportunities to justify and do one of the correct acts: It contributes to the diversification of the economy, promotes exports to fresh and unlimited markets, contributes to the creation of added prices in the creation chain of the prices of their work, or contributing to technical modernization. Macau residents should not be promoted. These incentives are divided into financial, financial, and diversified export diversification. < Span> In June 1998, the Macau Global Shopping Center was founded in Macau. The center's mission is to resolve the dispute through arbitration and mediation, and to make the conclusions other than the parties wonderful from the process. Foreign court conclusions in civil and paid lawsuits have been given any opportunities to be brought to Macau. Regarding the execution of the foreign court's conclusion, Article 1199 and 1200 of the Civil Procedure Code are considered. The Foreign Court's conclusion is qualified as an final conclusion confirmed by a true document, and if its performance does not violate Macau's public order and morals, it will be approved by Macau and brought to Macau.
• In October 2020, the Macau Post Bureau will borrow funds from banks and apply for applications to receive individual credit reports from a new bank evaluation system, and banks will promote credit orders from individual buyers. At the time, he announced the development of a credit information system that requires information on creditors' credit status and guarantee.
• Commercial law and bankruptcy law are specified by the Macau Trade Law, Civil Procedure Law, and Penal Code. Bankruptcy proceedings can be started at the request of a creditor or prosecutor at the application of a bankruptcy company. There are four ways to avoid ruin, the collection of creditors, the audit of corporate assets, large contracts, and agreements with creditors. In collaboration with the annotations of Article 615 to 618 of the Civil Code and Article 351 to Article 353 of the Civil Procedure Code, the lender is rationally afraid of the cost to guarantee their loans and requested the arrest of the debtor's property. There is an option to do. Criminal liability is considering the law violation of bankruptcy.
• In order to attract foreign investments, GOM is calling a trader for investment preferential treatment based on the national system. These preferential measures are on 23/98/m and 49/85/m, which are provided on the condition that companies have all the opportunities to justify and do one of the correct acts: It contributes to the diversification of the economy, promotes exports to fresh and unlimited markets, contributes to the creation of added prices in the creation chain of the prices of their work, or contributing to technical modernization. Macau residents should not be promoted. These incentives are divided into financial, financial, and diversified export diversification.

9. Corruption

Tax treatments include income tax and corporate tax, industrial tax, property tax, stamp tax deduction at the time of real estate transfer, and exemption from the consumption tax in full or partial exemption. The tax incentives are not an export subsidy or an import alternative subsidy defined in the WTO Agreement, so it is in line with the WTO agreement on subsidies and offset measures. In 2019, GOM introduced tax deductions for R & D $ 125. 25, 000 or an average taxable profit (R & Amp; Amp; D) costs. The tax deduction is 300 % for the first $ 375, 000 of R & D expenses, and 200 % for the remaining amount (but does not exceed 1. 9 million dollars). In addition, the income received from the no n-Portuguese no n-participated countries is exempted from corporate tax only if the income is levied in the market.

In April 2019, two new laws were convened to support Macau's financial leasing activities. In the new system, the minimum capital requirements for financial leasing companies can be reduced from $ 3, 75 million to $ 1 or $ 25 million. In addition, the acquisition of a financial leasing company is exempted from $ 62. 500 to $ 62. 500 for its only application. As with financial contracts, fees are exempted.

Resources to Report Corruption

Financial preferential measures include national interest rates. Promotion of diversification of exports includes subsidies provided to companies and industry organizations involved in the promotion of IPim. Only companies registered at the Economic and Technology Development Bureau (ETDB) can receive subsidies such as the rent of the building and the cost of producing audience materials. In Macau, subsidies are also provided for the installation of environmental pollution control equipment.

10. Political and Security Environment

In order to promote the spread of electronic commercial transactions in all business fields, companies that promote businesses using the services provided by related electronic business operators and websites will receive a maximum of $ 3. 750 subsidies from IPim. Can do. < SPAN> Taxation preferential measures include income tax and corporate tax, industrial tax, property tax, stamp tax deduction at the time of transfer to real estate, and exemption from consumption tax. The tax incentives are not an export subsidy or an import alternative subsidy defined in the WTO Agreement, so it is in line with the WTO agreement on subsidies and offset measures. In 2019, GOM introduced tax deductions for R & D $ 125. 25, 000 or an average taxable profit (R & Amp; Amp; D) costs. The tax deduction is 300 % for the first $ 375, 000 of R & D expenses, and 200 % for the remaining amount (but does not exceed 1. 9 million dollars). In addition, the income received from the no n-Portuguese no n-participated countries is exempted from corporate tax only if the income is levied in the market.

In April 2019, two new laws were convened to support Macau's financial leasing activities. In the new system, the minimum capital requirements for financial leasing companies can be reduced from $ 3, 75 million to $ 1 or $ 25 million. In addition, the acquisition of a financial leasing company is exempted from $ 62. 500 to $ 62. 500 for its only application. As with financial contracts, fees are exempted.

11. Labor Policies and Practices

Financial preferential measures include national interest rates. Promotion of diversification of exports includes subsidies provided to companies and industry organizations involved in the promotion of IPim. Only companies registered at the Economic and Technology Development Bureau (ETDB) can receive subsidies such as the rent of the building and the cost of producing audience materials. In Macau, subsidies are also provided for the installation of environmental pollution control equipment.

In order to promote the spread of electronic commercial transactions in all business fields, companies that promote businesses using the services provided by related electronic business operators and websites will receive a maximum of $ 3. 750 subsidies from IPim. Can do. Tax treatments include income tax and corporate tax, industrial tax, property tax, stamp tax deduction at the time of real estate transfer, and exemption from the consumption tax in full or partial exemption. The tax incentives are not an export subsidy or an import alternative subsidy defined in the WTO Agreement, so it is in line with the WTO agreement on subsidies and offset measures. In 2019, GOM introduced tax deductions for R & D $ 125. 25, 000 or an average taxable profit (R & Amp; Amp; D) costs. The tax deduction is 300 % for the first $ 375, 000 of R & D expenses, and 200 % for the remaining amount (but does not exceed 1. 9 million dollars). In addition, the income received from the no n-Portuguese no n-participated countries is exempted from corporate tax only if the income is levied in the market.

In April 2019, two new laws were convened to support Macau's financial leasing activities. In the new system, the minimum capital requirements for financial leasing companies can be reduced from $ 3, 75 million to $ 1 or $ 25 million. In addition, the acquisition of a financial leasing company is exempted from $ 62. 500 to $ 62. 500 for its only application. As with financial contracts, fees are exempted.

Financial preferential measures include national interest rates. Promotion of diversification of exports includes subsidies provided to companies and industry organizations involved in the promotion of IPim. Only companies registered at the Economic and Technology Development Bureau (ETDB) can receive subsidies such as the rent of the building and the cost of producing audience materials. In Macau, subsidies are also provided for the installation of environmental pollution control equipment.

In order to promote the spread of electronic commercial transactions in all business fields, companies that promote businesses using the services provided by related electronic business operators and websites will receive a maximum of $ 3. 750 subsidies from IPim. Can do.

Macau is a free port, but is taxed on four types of items: alcohol, tobacco, car, and gasoline (volatile oil). Before importing these products, you need to get a license with ETDB.

ATA Carnet (temporary admission permit) to promote the development of the meeting industry, incentive, convention, exhibition (mouse), and logistics in Macau GOM-Effective method for temporary import and re-export of goods It is an international customs document that makes it easier to work on foreign exhibitions and business companies.

The latest additions to CEPA stipulate the principle of trad e-off, such as simplification of customs procedures, improving transparency, and strengthening cooperation.

Macau does not have a forced localization policy, and foreign investors need to use domestic services for products and technology. However, the Macau government has pursued strict policies about foreign workers and obliges Macau residents with priority as a result of importing foreign workers as a result. Masu.

12. U.S. International Development Finance Corporation (DFC), and Other Investment Insurance or Development Finance Programs

No n-residents can only get a working permit in Macau only if the employer cannot find appropriate candidates in the local labor market. The employer trying to hire foreign workers applies for temporary permission from the Macau Labor Bureau, and in accordance with the law, the workforce is supplemented, temporary, secondary, and constant by no n-residents. You have to confirm that there is. People who are critical of Macau's labor policy point out that asymmetric legal provisions in employment processes between macau residents and no n-residents have impaired the labor rights of foreign workers at practical levels.