The Macao Trade and Investment Promotion Institute (IPIM), a non-profit organization, is designated to promote trade and investment activities in Macao Special Administration Region.
    IPIM's main responsibilities are:
    1,To introduce potential investors to the local investment environment and opportunities. Also to provide a "One-Stop Service": information enquiries -- project assessment -- company registration assistance provided by IPIM's notary -- guidance on administrative procedures concerned with licence applications -- project follow-ups -- assistance in the implementation of projects.
    It provides support and assistance at every level to the investors, from a simple inquiry, where investors are helped and orientated with issues related to investing in Macao, to actually following procedures required for the approval of investment projects.
    To achieve the above objectives, IPIM has established its own notary who handles all necessary company registration procedures for investors. In addition, through the investment committee, the institute maintains close ties with other governmental departments involved in the investment implementation process, in order to assist in co-ordination, providing reliable tracking of the process.
    2,To provide offshore services.
    The offshore institution is exempted from all of the following taxes: Income tax, industrial tax, and stamp duties. The offshore institution's managers and specialized technicians (non-Macao residents), authorized to reside in Macao SAR, are exempted from salary tax for the first three years of their employment at the institution.
    Macao SAR's Offshore Law has been in effect since November 1, 1999. The offshore finance business is regulated and supervised by the Macao Monetary Authority, while the regulation and supervision of the offshore non-finance business is done by the IPIM.
    3,To provide trade, economic, statistical and general information as well as market analysis to assist clients in exploring the market and the development of their business.
    3,To organize and co-organize exhibitions and other promotional events locally, to participate in such events held outside Macao and to sponsor the participation of local enterprises in such events, as a way to create trade opportunities.
    4,To organize local economic delegations to search for business opportunities, welcome visits made by delegations to Macao, in order to create channels for exchange and co-operation.


 

   5,Responsible for the issuing of licenses, technical assistance and supervision for non-financial offshore institutions. To promote local offshore development with various activities.
    6,To evaluate applications for local residence by investors, company managers and professionals. Editing and publishing trade and economic magazines, to promote Macao's business environment.
<subhead>Introduction to Macao Macao is located at the entrance of the Pearl River Delta, 144 Kilometres to the southeast of Guangzhou, capital of Guangdong Province, and 64 kilometres southwest of Hong Kong.
    It covers a total area of 27.5 square kilometres, consisting of a peninsula and two islands, Taipa and Coloane, linked by three modern bridges and a causeway.
    The territory is connected to the Chinese mainland at the Barrier Gate, the crossing point located at the northern part of the city. A new border between the reclamation areas of Coloane and Taipa has been opened, greatly improving the flow of goods and people between Macao and the mainland.
    Macao's population stands at 469 thousand,of which more than 96 per cent are Chinese speaking, with 2 per cent Portuguese speakers. English is Macao's third language and is generally used in trade, tourism and commerce.
    In 1987 the Sino-Portuguese Joint Declaration on the future of Macao was signed by the People's Republic of China and the Portuguese Government. According to its provisions, China resumed sovereignty over Macao on December 20, 1999. As a special administrative region of China, Macao enjoys a high degree of autonomy.
    It has been permitted to retain its political, economic and social system for 50 years, with its own executive, legislative and judicial authorities, at the same time continuing to enjoy all the advantages of free port status as a separate customs territory.
    The Chinese Government has affirmed its confidence in Macao's future prosperity and stability, which will help guarantee the success of its "One Country, Two Systems" policy.

     The 10th Macao International Trade and Investment Fair, organized by the Macao Trade and Investment Promotion Institute, will take place on October 20-23 in the Macao Tower Convention & Entertainment Centre.
    Since Macao's return to China five years ago, the government of the Macao Special Administration Region (MSAR) has made great efforts towards improving the local business environment, strengthening regional co-operation and building Macao into an economic and trade co-operation platform for the mutual benefit of all. The MSAR government has also defined its strategy for economic development.
    With gaming and tourism being the leading industry, the government of the MSAR is also encouraging the development of other industries for a better and moderately diversified industrial structure.
    With the GDP growing 28 per cent in 2004, Macao's economy is entering a period of rapid growth. Meanwhile, the international role of Macao is also improving, which is making it the ideal place for investment.
    Macao International Trade & Investment Fair (MIF) is the only international exhibition organized by the MSAR government, with its main activities being economic and trade negotiations, product displays, business matching and the exchange of information.
    A big annual event for trade in Macao, MIF has been held successfully for nine years and has achieved great results since it was first held in 1996.
    Based on its past successes, the 10th MIF will improve the style and content of the exhibition in order to be in line with the government's economic policy and provide more business opportunities for participants at home and abroad.
    This year's event, themed "Promoting Regional Co-operation - Developing Economic Diversification", will have a special area for Portuguese-speaking countries and will set up several special areas each one specifically targeted at economic and trade organizations, government institutions, corporations, and traders and investors from around the world respectively.
    It will also create a buyer's corner and a negotiation area, as well as host business matching sessions, signing ceremonies, seminars and presentations. It will improve the different kinds of services so as to provide greater co-operative opportunities and stronger prospects for business development.
    This year's fair will provide a total of 342 booths, 222 indoors and 120 outdoors.
    In the outdoor booths, there will also be special exhibition areas to display a series of renowned products from both home and abroad.
    These displays will include financial products and IT items.
    A series of business seminars, including the International Trade and Investment Forum, China and Portuguese-speaking Countries Economic and Trade Co-operation and Promotion Fair and the Chinese Overseas Business Forum, will also be held in conjunction with the fair.
    To date, a large number of domestic and overseas exhibitors, including representatives from Germany and Japan, have registered to participate in this year's event. Last year, the MIF attracted corporate delegates from 37 countries and regions and more than 100,000 visitors.
To provide satisfactory services for investors and projects, International Investment Express sets aside a special section aiming to make available information shared by global investment projects and investors.
Editorial Department of International Investment Express for the ninth China International Fair for Investment and Trade
Hotline: 86-591-8780 6619 Fax: 86-591-8780 6617 E-mail: fujian@chinadaily.com.cn