Companies Successfully Established in Macao
Renowned pharmaceutical group from Mainland China
According to the investor’s comment, Macao has built up a research foundation for traditional Chinese medicine (TCM); it has State Key Laboratory of Quality Research in Chinese Medicine; and it has developed a TCM registration legal framework that nurtures the TCM industry’s growth. The reason for choosing Macao is that Macao is a platform between China and Portuguese-speaking countries (PSC), whose products are widely accepted by Southeast Asian countries, manifesting a promising market prospect, convincing the investor that Macao is able to channel their products to the international market.
When the group was setting up its international headquarters and pharmaceutical factory in Macao, it was effectively supported by the Macao SAR Government, which made the group even more convinced that the TCM industry in Macao has an optimistic prospect. It plans to intensify its advertising efforts and enhance Macao residents’ knowledge about TCM. In addition, the group hopes to produce more over-the-counter TCM products and cultivate talents in the TCM domain to attract more pharmaceutical investors to Macao. The group now plans to construct a large advanced manufacturing factory in the Guangdong-Macao Intensive Co-operation Zone in Hengqin.
Tea Beverage Enterprise
The investor said that the Investor’s “One-stop Service” provided by the Macao Trade and Investment Promotion Institute (IPIM), which coordinates meetings with multiple government departments to solve technical problems, helped the investor find the solution effectively. The investor also considered the service as very effective when the company was incorporating affiliate companies and applying for catering licences. The investor believes that Macao has a good business environment. At present, the investor has already opened three shops in Macao.
Featured Brand Food and Beverage Enterprise
The investor considers Macao’s business environment to be stable. The Investor’s “One-stop Service”, provided by the Macao Trade and Investment Promotion Institute, arranges personnel to follow the investor’s project, introduce the investor to the local culture, business environment and network, helping the company adapt to Macao’s market quickly. As a result, the investor has already opened the second shop in Macao.
Large Integrated Retail Enterprise
The investor considers Macao a very important market, as Macao is a core city of the Guangdong-Hong Kong-Macao Greater Bay Area, which will be an important platform for the group to expand its overseas businesses. In respect of handling administrative procedures like licence application and recruitment, the Investor’s “One-stop Service” provided by the Macao Trade and Investment Promotion Institute allows foreign companies which set foot in Macao for the first time to have tailor-made assistance. Meanwhile, renowned retail brands joining the city do not only become new economic boosters, but also create more jobs and development possibilities for Macao citizens.
Source: Macao Daily and Radio Macao