Macau, China, 25 Oct – The Brazilian consul-general in Hong Kong, Ricardo Drummond de Mello, said Thursday that there were good opportunities for Brazilian business owners that plan to move into the region of the Pearl River Delta, but that they would have to get established in the area.
‘There are several options in this region, and the Brazilians have to come here. There are many niche markets for Brazilian companies but they have to get established in the region,” the Brazilian diplomat told Macauhub.
Drummond de Mello, who was speaking after the Macau International Fair in which Brazil was represented, also said their were good opportunities for Brazilian business owners, “in the construction, steel making, food services and product sectors, including coffee.”
Echo Chan, director of the Macau Trade and Investment Promotion Institute (IPIM) told Macauhub that entering China via Macau was an “excellent option.”
Echo Chan reminded the Brazilian business owners that Macau “is a duty free area, without restrictions on investment,” or rather taxes are reduced and companies of all sizes and from all sectors can make use of these benefits.
Taxes for businesses in Macau are a maximum of 12 percent, said the Ipim director.
“A company that decides to do business in China via Macau, from the start has two options: the first is to look at the domestic Macau market and the second is to look at the markets to which Macau has access,” Echo Chan explained.
For those that prefer the first option, Echo Chan said that “we receive over 22 million tourists per year (around 4 times what Brazil gets), 90 percent of our GDP is made up of services, including tourism, logistics, banking, finance and hotels,” which is to say that there is a consumer market, and there is room to develop other sectors and there is demand for activity in the services sector.
And for businesspeople interested in China, especially in the south, Echo Chan noted that, “Macau works as a point of commerce. If a company sets up its headquarters here, it can produce in factories in mainland China. With that it reduces costs. Then it can export to its country of origin, to European countries, to the United States or direct its products to the Chinese market itself.” (macauhub)