Macao is located in the Pearl River Delta in the southern Guangdong Province, consists of three parts: the Macao Peninsula, Taipa and Coloane.
Tax rate of Macao is among the lowest in the region. Fiscal system is sound. There is no limit in foreign exchange. It is a free port and has its own customs territory.
The gambling and junket activities are the main pillars of Macao.
Statistics (as of 2018, to be updated)
Area
33 km²
Population
680,000
Gross domestic product (GDP)
MOP434.7 billion
GDP per capita
MOP645,000
Construction industry GDP
MOP194 million
Development and Planning of Related Policy
The Hong Kong Special Administrative Region and Macao Special Administrative Region Closer Economic Partnership Arrangement (HK-Macao CEPA) was signed on 27 October 2017. HK-Macao CEPA covers, amongst others, trade in goods, trade in services, economic and technical cooperation, enhances economic and trade ties between Hong Kong and Macao. The relevant liberalisation measures has been implemented since 1 January 2018.
Macao Young Entrepreneur Incubation Centre commenced in 2018. It facilitates youth participation in the development and entrepreneurship of the Greater Bay Area and enhances the cooperation with incubation centres in the Mainland.
