Support for small and medium-sized enterprises

According to the Policy Address, the Macao SAR Government will optimise supporting measures in finance and administration, streamline licensing procedures to create a better business environment, improve the export credit insurance system, and aid small and medium-sized enterprises (SMEs) to develop human resources. In addition, the Macao SAR Government will continue to motivate gaming enterprises to prioritise procurement of products and services from local SMEs

To support local culinary culture and to enhance Macao’s influence as a “UNESCO Creative City of Gastronomy”, Macao’s industries will be diversified and provide opportunities for SMEs to upgrade and transform.

The Macao SAR Government is also keen to promote the integrated development of traditional industries and cultural and creative industries, and to reinforce the cultivation of Made-in-Macao brands through the “Macao Time-honoured Shops Rebranding Assistance Scheme”. The goal is to aid traditional shops in enhancing their competitiveness and brand value.

Another aspect is to encourage SMEs and young entrepreneurs to expand businesses in Mainland China with the use of modern technology as well as through cross border e-commerce, and to support business associations to set up a “Macao Hub” via well-known e-commerce platforms in Mainland China. There are also policies to facilitate the exploration of business opportunities for local high-quality products; to encourage SMEs to participate in regional co-operation by partnering with large-scale corporations; to introduce professional companies from the Greater Bay Area to come to Macao and collaborate with local SMEs and diversify local industries and labour force.