A Special Administrative Region on the southern coast of China, Macau has the population of 667,400 people with 100% living in an urban area.
The economy of Macau highly depends on apparel exports and gambling-related tourism. The other successful branches of the economy are tourism-related businesses, banking, construction and media.
For the last five years, the economy of Macau has been thriving due to erasing of travel restrictions, grown public works expenditures, and significant investments which were fostered by the liberalization of Macau's gaming industry.
The increased hospitality sector caused the higher demand for food/beverage products and services and hospitality consumables as well as hotel, restaurant, and resort management training services; gaming equipment; architectural services; security equipment; computer and financial software.
The demand influenced the appearance of both international and domestic franchise companies operating in the hospitality sector.
Franchising in Macau, regulated by Macau Commercial Code, defines a franchise agreement as “one of the parties, grants to the other the right to produce and/ or to sell certain goods or services under his brand name, keeping to his know-how, with his assistance and control”.
Macau is also famous for Macao Franchise Expo which attracts investors around the world who are looking for business opportunities. A number of brands have successfully expanded their business by means of the exhibition.
There are high investment business opportunities, as well as cheap franchises in Macau presented for review, the choice is yours.
Currency: Macanese pataca (MOP, MOP$)
Education Index (2015): -
Official languages: "Chinese, Portuguese"
Per capita GDP (PPP): $81,585
Quality-of-life index (0-10): -
Population: 667,400 ths
Total GDP (PPP): $53,9 billion
Ease of Doing Business Ranking, Rank: -
Human Development Index (HDI): 0,914