Foreign investors can apply for residency in Macau through a qualifying investment scheme. The strategy must provide long-term economic advantages and create jobs. Macau, formally the People's Republic of China's Macao Special Administrative Region, is an autonomous enclave in East Asia on the western side of the Pearl River estuary. Macau was a Portuguese colony that remained under Portuguese rule until 1999, when it was handed back to China. Its economy is heavily reliant on gambling and tourism, with gaming income exceeding $1 billion for the first time since 2006. Macau, being a special administrative zone, has its own political and economic framework from the rest of China. Macau boasts a population of 650,000 people, earning it the moniker "Asian Las Vegas."
In November 2015, the minimum investment required to get residency in Macau was raised to MOP 13 million ($1.6 million), with plans to raise it to MOP 15 million ($1.8 million) in the future.
Job Creation: By creating more local jobs, the investment strategy must contribute to Macao's labor and employment market. Other Beneficial Factors that the Investment Plan Will Contribute to Macao's Economic Long-Term Development