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The second phase of the Talent Attraction Scheme has been launched

The plan offers generous tax breaks to top overseas professionals working in areas earmarked in the government’s economic diversification strategy.

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UPDATED: 21 May 2024, 8:24 am

The next phase of Macao’s Talent Attraction Scheme begins today, with applications accepted until 20 November. 

The program aims to lure highly qualified professionals to live and work in Macao, with a focus on life sciences, pharmaceuticals, technology, fintech, arts and culture, and large scale event production, public broadcaster TDM reports

According to a notice in the Official Gazette yesterday, applicants are required to demonstrate how they will benefit Macao’s international standing and economic diversification.

[See more: Macao, Hong Kong and other GBA cities sign talent agreement]

Candidates for the programs must have at least an undergraduate degree, be 21 years of age or older, and obtain at least 200 points on a list of eligibility criteria. Local languages are not considered important: just ten points are given to candidates who “have good proficiency in two languages from among Chinese, Portuguese or English.”

The scheme’s first phase ended earlier this year, with more than 1,100 applicants, of which 387 were shortlisted. Generous tax breaks are offered to successful candidates.

Macao’s bid to lure talented professionals comes as the city seeks to reduce its economic dependence on gambling. Chief Executive Ho Iat Seng told reporters on Sunday that gambling was now responsible for less than 40 percent of GDP.

UPDATED: 21 May 2024, 8:24 am

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