Macau is a popular tourist destination and was the world's largest gambling center in 2019. The Macau economy is dominated by the gaming, tourism, and retail sectors. Macau residents enjoy a high standard of living and a low crime rate. There is no personal income tax in Macau, and there are no restrictions on foreign currency transactions. Macau is an attractive destination for businesses due to its low taxes, lack of corruption, and infrastructure. Macau is well-connected to the rest of Asia, making it a convenient hub for businesses operating in the region.
Macau residency by investment is available to foreign nationals who make a qualifying investment in Macau. The process takes very long and is not guaranteed to be approved, so some patience is required here.
Invest MOP 13 million ($1.8 million) an industrial business that contributes to Macao's economic diversification and development; (ii) establish a service entity that provides finance, consultation, and transportation services.
According to the SovSpot Passport Ranking Index, the Macanese passport is now ranked 32nd. It allows entrance to 146 countries without requiring a visa. With a high mobility score, it is regarded as a coveted passport around the world. Visa-free travel and visas on arrival are available to Macanese passport holders in countries such as Brazil, the European Union, Russia, the United Kingdom, and the United Arab Emirates, allowing them to travel practically instantly around the world. A visa is required for Macanese passport holders to enter roughly 83 countries across the world. Australia, India, Ukraine, Oman, and the United States are among the nations that require a visa.
The number of countries Macao passport holders can enter without a visa (i.e. visa-free countries) and those Macao passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Macao passport ranking relative to other global passports (eTA). There are now 110 visa-free countries for Macao passport holders, 34 visa-on-arrival countries for Macao passport holders, and two eTA destinations. Macao passport holders can access a total of 146 countries without a visa, via a visa on arrival, or via an eTA. As a result, the Macao passport is ranked 32 in the world. Apart from these Macao visa-free and visa-on-arrival countries, there are 83 more destinations where Macao passport holders will need a physical visa or an eVisa can enter (i.e. visa required countries).
A new interpretation from the Spanish Ministry of Justice confirms that all people born outside of Spain, children or grandchildren of people who originally had
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