The Macao Trade and Investment Promotion Institute (IPIM) has approved, during the first half of this year (1H), 156 temporary residency applications under the “Investment, Managerial Personnel and Special Qualifications Professionals” scheme, a statistics release from the governing entity shows.
The figure accounts for over three-quarters of all applications handled during this period (206). The majority (131) refer to applications submitted before this year.
Of the 206 applications processed, 189 were for renewals of temporary residency permits already granted. The remaining eight are applications for the extension of residency rights previously granted to family dependents. Of these, five were granted and three were either rejected or canceled by the applicants.
In total, 50 applications were rejected or canceled by the applicants. The majority (38) related to renewals.
Nine other cases running in IPIM and submitted before this year for new applications under the Major Investment and Special Qualifications Professionals scheme were rejected.
This means that from January to June this year, only five new temporary residency permits were conceded, all related to extensions of existing permits to family members.
