The ISO code of Macau is MO according to the ISO 3166 standard. The local name of the country is Aomen. People in Macau speak the Chinese, and Portuguese languages. On 20 December 1999, Macau emerged as a sovereign political entity. In the year 12/20/1999, Macau emerged as a sovereign political entity.
Macau is located in the UTC +08:00 time zone, which is also called Macao Standard Time or MST. The internet country code top-level domain (ccTLD) for Macau is .mo. Other domains assigned to Macau are .澳门, .澳門, .asia. The International dialing code for Macau is 853. People in Macau drive on the left side of the road. Total land area of Macau is 28 km² (approx. 11 mi²). Macau is not a landlocked country. It means that is is bordered by at least one major body of water.
Macau is located in Asia. Macau is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Doing business in Macau
We offer various corporate services in Macau jurisdiction. These services can serve both, people coming from Macau and foreigners. If you plan on doing business in Macau you might be interested in contacting us.
To find out about starting your business in Macau click on company formation in Macau.
To find out how to open a bank account in Macau and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Macau.
Choose preferred service below or continue reading to find out more about Macau.
Demographics of Macau
The total population of Macau is 632,418 people. In Macau, the population density is 21190 people per square kilometer (55,125 per square mile). Because of this statistic, this country is considered to be very densely. The ethnic diversity is almost uniform according to a fractionalization scale which for Macau is 0. Macau has approximately 333269 foreign immigrants. The median age is approximately 37.7 years. In Macau, 64.27 in every 100 people use internet.
The majority religion of Macau is folk religions, Macau is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Macau.
Culture of Macau
People in Macau speak the Chinese, and Portuguese languages. According to data on inbound tourists in Macau, 14,268,000 tourists arrive in the country each year. The first McDonalds in Macau was opened on 11 April 1987, and it was located in Rua do Campo, Cathedral Parish,Macau Peninsula. One of the most popular national dishes of Macau is minchee. To read more click on culture of Macau.
Geography of Macau
Macau is considered to be a large nation because of its total area. Its total land area is 28 km² (approx. 11 mi²). Macau is located in Asia. The length of said border is 0.34 km (0 mi).Total length of land borders of Macau is 3 kilometers (~1 miles).
The highest point of Macau is Coloane Alto, with its official height being 172 m (564 ft). Including land mass and EEZ, the total area of Macau is approximately 28 km² (~11 mi²). To read more click on geography of Macau.
Economy of Macau
The currency of the country is Macanese pataca. The symbol used for this currency is ¥, and it is abbreviated as MOP. 2% of population in the country are unemployed. The total number of unemployed people in Macau is 12,648. Each year, Macau exports around $1.14 billion and imports roughly $10.13 billion. The Gini Index of the country is 35. Macau has a government debt of 68% of the country's Gross Domestic Product (GDP), as assessed in 2011. Macau is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, gambling, clothing, textiles, electronics, footwear, toys.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Macau is $52 billion. Each year, consumers spend around $5,202 million. The ratio of consumer spending to GDP in Macau is 0%, and the ratio of consumer spending to the world consumer market is 0.0149. The corporate tax in Macau is set at 12%. Personal income tax ranges from 0% to 12%, depending on your specific situation and income level. To read more click on economy of Macau.
Infrastructure of Macau
In Macau, 90.5% of the population has access to electricity. There are 327 internet hosts in Macau. Macau has 1 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Macau is 361. To read more click on infrastructure of Macau.
Politics of Macau
Macau, is a special administrative region. The head of the government is Fernando Chui.
According to the World Bank Group, the government effectiveness index of Macau is 1.45. This indicates that the government of Macau is effective. Citizens enjoy well-organized public and civil services, and government efficiency is high. While some services may be lacking in certain areas, the overall environment fostered by government legislation is favorable.In Macau, the legislative power is vested in a Legislative Assembly. To read more click on politics of Macau.
Environment of Macau
Macau emits 2.1 metric tons per capita of CO2. The number of road motor vehicles per 1000 inhabitants in Macau is 361. To read more click on environment of Macau.
Company formation in Macau
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Macau.
When establishing a company in Macau, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Macau that will affect the establishment and growth of one's business. Contact us or click on company formation in Macau to read additional information when setting up a business.
Bank account opening in Macau
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Macau. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Macau, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Macau or contact us.