Offshore Regime

The end of the offshore regime for companies in Macau
Background The Government of the Macao Special Administrative Region (“MSAR”) has recently put forward and sent to the Legislative Assembly a proposal for the revocation of Decree-Law no 58/99/M, of 18th October. In other words, the whole offshore system in the MSAR is coming to a definitive end as the draft legislation sets the extinction of the offshore activity for the first day of the year 2021. This provision comes as a follow-up measure after the Region was included in…

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