Deals include an expansion of bilateral investment, economic cooperation, potential joint exploration for oil and gas, and close high-level military interactions.
investment
President João Lourenço’s presence at the opening of a new, Chinese-built water treatment facility highlights the value Luanda places on the relationship.
One official says the aim of the new tax guides to Portugal, Mozambique and Cabo Verde is to assist ‘companies in the process of going global’.
Reserves remain strong despite substantial outlays, standing at MOP 616 billion at the end of last year.
Since launching in 2012, investment programme has raised 6.15 billion euros, and issued more than 17,000 residence permits.
Entrepreneurs believe now is the time to scout for startups which could become the next Salesforce.com or Oracle of China.
The local government will be exempted from income tax when investing in the mainland, once a new deal under the Mainland-Macau agreement to avoid double taxation comes into effect.
Macau’s economy will shrink 0.8% this year and 0.9% next year.
China formally laid down new rules on overseas investments, making explicit its de facto campaign against “irrational” acquisitions of assets in industries ranging from real estate and hotels, to gaming and entertainment
1 2