Macau is a peninsula on the Chinese mainland that’s located about 70 km to the east of Hong Kong and 145 km southwest of Guangzhou. It was formerly under the jurisdiction of Xiangshan County, but later detached from it in 1999 and became a special administrative region after 400 years under foreign occupation by Portugal.
Macau is home to a myriad of places of interest that have both a strong Chinese traditional culture and a Portuguese atmosphere. Typically found in the city, these attractions also have quite the reputation as such – don’t forget to check out the city’s flourishing lottery industry, which has even been dubbed “Monte Carlo” of the East! The operation of Macau International Airport injects new life into the local tourism industry and makes Macau one of world’s most famous cosmopolitan tourist destinations.
As a world-famous free-trade port, Macau offers generous duty-free and quota-free policies in the import of raw materials and commercial installations. Plus, there are no governmental taxes on productivity, so your startup can relax with total confidence that you will be able to unshackle from previous concerns and enjoy the streets and beach.
As the economy of Macau thrives, it has four main engines that power its growth. The local manufacturing is driven by industries like tourism and the lottery; the financial industry; and real estate. With all these different major sectors contributing to the local economy, tourism and lottery take up almost half of all generated income. As a result, they are able to support their local community with a rich amount of both aesthetic and economic benefits.
In Macau, the locals observe all types of festivals. Chinese traditional festivals such as the Spring Festival and Dragon Boat Festival are festival where large-scale festivities are held to celebrate special occasions. During this time many devout worshippers come to pay tribute or pray for luck in the year ahead. Fireworks and firecrackers are also set off during these events.
Macau is considered a charming, tranquil city. It’s free of the boisterousness that comes with modern cities and has an exotic atmosphere with which everyone can travel. Since it was opened up 400 years ago, Macau has been a window through which the Chinese get to know other parts of the world. The country offers a window into Chinese traditional culture, solemn Catholic temples and other celebrated casinos. It currently attracts investors from around the globe with its unique blend of western and Chinese cultures as well as its position in between China and Europe/Asia.
