Macau, often known as Macao, is a Chinese city and special administrative zone located in the western Pearl River Delta near the South China Sea. It is the world's most densely inhabited location, with a population of over 680,000 people and an area of 32.9 km2 (12.7 sq mi).
The land of Portuguese Macau, once a Portuguese colony, was originally leased to Portugal as a trade station by the Ming dynasty in 1557. Up until 1887, Portugal paid an annual fee and controlled the region under Chinese rule. The Sino-Portuguese Treaty of Peking granted Portugal permanent colonial rights. The colony was under Portuguese control until 1999, when it was handed up to China. Macau is a Chinese special administrative territory that maintains distinct governance and economic systems from the rest of the nation under the idea of "one country, two systems." The city's historic center was included on the UNESCO World Heritage List in 2005 due to its unique combination of Portuguese and Chinese architecture.
Originally a thinly inhabited collection of coastal islands, Macau has evolved into a major resort city and a leading casino tourist destination, with a gaming industry seven times greater than that of Las Vegas. The city has one of the greatest per capita incomes in the world, as well as one of the highest GDP per capita by buying power parity. It boasts the world's fourth-highest life expectancy and a very high Human Development Index, according to the Macau government. The region is densely populated; two-thirds of the total land area is developed on the sea-reclaimed ground.
Employees are entitled to 20 to 26 days of paid vacation each year. The number of days is determined by work performance, years of service, and the provisions of the employment contract.
5 years – 20 days
from 5 to 10 years – 21 days
from 10 to 15 years – 22 days
from 15 to 20 years – 23 days
from 20 to 25 years – 24 days
from 25 to 30 years – 25 days
more than 30 years – 26 days
Macedonia recognizes 11 public holidays every year.
Employers must pay employees a wage for a period of up to 30 days. Sick leave that lasts more than 30 days is covered by health insurance.
The amount paid by an employer is decided by the length of the illness:
up to 7 days – 70% of the salary
up to 15 days – 80% of the salary
above 15 days – 90% of the salary
Employees who are pregnant are entitled to 9 months of paid maternity leave through social security, which employers are required to contribute to on a monthly basis. Maternity leave can start 45 days before the due date of the employee.
Fathers in Macedonia are entitled to seven days of paternity leave.
If the woman chooses to take maternity leave, it might be transferred to the father.
Marriage Leave: 3 days
Marriage of a child: 2 days
Death of a partner or child: 5 days
Death of a parent or sibling: 2 days
According to Macau's Labour Law (Article 72), in the absence of contractual provisions specifying the length of previous notice, or when the length of previous notice specified in the contract is less than the period specified in the notice period, the minimum period of previous notice required to terminate a labour contract shall be fifteen days in the case of employer-initiated rescission; and seven days in the case of employee-initiated rescission. In the event of a fair cause termination, the initiating party is not required to serve prior notice.
The minimum period of notice required to terminate a labor contract is fifteen days in the case of employer-initiated rescission and seven days in the case of employee-initiated rescission.
The probationary period is 30 days for a term contract and 90 days for an indefinite contract.
According to Macau's Labour Law (Article 70), termination payment is applicable in the event of employer-initiated revocation without just cause.
The employer may rescind the contract at any time, regardless of the reason, in which case the employee is entitled to compensation equal to the following: seven days of basic remuneration if the employment relationship lasts longer than the probationary period and up to one year; ten days of basic remuneration per year of service if the employment relationship lasts longer than one year and up to three years; thirteen days of the basic remuneration per year of service if the labour relation has duration above three years and up to five years; fifteen days of the basic remuneration per year of service if the labour relation has duration above five years and up to seven years; sixteen days of the basic remuneration per year of service if the labour relation has duration above seven years and up to eight years; seventeen days of the basic remuneration per year of service if the labour relation has duration above eight years and up to nine years; eighteen days of the basic remuneration per year of service if the labour relation has duration above nine years and up to ten years; and twenty days of the basic remuneration per year of service if the labour relation has duration of more than ten years.
For the purposes of the preceding paragraph, the length of service of the employee in the calendar year in which the labour relation is terminated shall be calculated by months, in the proportion of one-twelfth for each month or period of less than a month but more than fifteen days.
As of January 2021, the minimum monthly salary in Macau is 6656 Macanese patacas, or $833 USD. This minimum wage is applicable to security guards and cleaners, and it can help expats better understand Macau's economic situation.
Mandatory benefits postulated by law include a probationary period, pay on annual leaves, public holidays, sick leaves, maternity leave, paternity leave, and overtime pay. Statutory benefits also include social security benefits.
Companies in Macau are imposed a corporate tax rate of 12 percent.
Taxable persons in Macau are subject to a personal income tax rate between 0 percent and 12 percent. The actual percentage varies depending on the income bracket the individual belongs to.
There is no VAT regime in Macau.
The Government of the Macau Special Administrative Region enables inhabitants of certain countries/territories to visit Macau for tourist or business for durations ranging from 14 to 180 days without the need for a visa. A distinct approach applies for other admission objectives, such as establishing long-term residency.
The Serviço de Migraço (Immigration Department), which is part of the Public Security Police Force, is the government agency in charge of immigration affairs in Macau, while the Public Security Police Force is in charge of implementing immigration regulations.
All visitors must have a passport that is valid for at least one month.
There is currently no information regarding employment service terms in Macao.
There is currently no information regarding employment service terms in Macao.
Hong Kong Dollar
