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Get to Know About Macau
Macau is one of the special administrative regions of China but not a province of it. It is located in southern China and operates as an independent city-state. Despite its size that covers a land area of 115.3 square kilometers, it’s one of the highly-developed countries in the world. Those enthusiasts who enjoy gambling and casino houses, the country has it and offers one of a kind experience when it comes to it. Its official languages are Chinese and Portuguese, and the population is about 667,400 Macanese. Their currency is called Macanese pataca, and the country has four distinct seasons: winter, spring, summer, and autumn (fall).
The Gross Domestic Product (GDP) in Macau is worth 53.9 billion US dollars, and its GDP per capita is $81,585. The Corporate Tax Rate in the country stands at 12 percent, which is a good number for all companies and business owners who want to start a business in Macau.
Doing business in Macau seems easy as it is open for foreign investments. Similar to other countries, nationals from 66 countries are exempt from a visa for tourism or business purposes, others are permitted to obtain one upon arrival, and few do need to get an entry visa before arriving in Macau. For immigration purposes, foreign nationals should acquire necessary permits and licenses to work, reside, or do business, respectively.
The challenges in Macau include the availability of land (which makes the prices high for acquisition and rent), dependent on other countries for necessities like food, heavy traffic, and finding local talents. What makes the country a nice place to visit is the legality of casino gaming and gambling. And that leads other nationals to go to Macau to enjoy, play, and have fun.