IPIM approves 150 temporary residency applications

In the first six months of 2014, 250 applications for temporary residency for managerial personnel, as well as technical and professional qualification holders, were received by the Macau Trade and Investment Promotion Institute (IPIM) –  a decrease of 39 compared with the same period last year. Furthermore,  47 applications were taken for investment plans, an increase of 1 when compared with the same period last year. These applications represent 84.18 percent and 15.82 percent of the total 297 new applications from the first six months of 2014.
According to a press release issued by IPIM, approved applications for managerial personnel, technical and professional qualification holders amounted to 121 (a decrease of 17, compared with the same period last year), while approved applications for investment plans totaled 29 (an increase of 9, compared with the same period last year).
IPIM adds that temporary residency applications for fixed asset purchases have been suspended since April 4, 2007. Over 4,000 applications were lodged before the policy’s closing date, and they are still being processed.