Mr Calvin Tinlop Chui

Calvin Tinlop Chui

Updates

Private Client & Offshore Services

Draft law on tax benefits for activities dedicated to scientific and technological innovation
Macau | 14 January 2021

The government has issued a draft law on tax benefits for undertaking activities dedicated to scientific and technological innovation. This draft law is a consequence of the Macau Special Administrative Region Policy Address for the Fiscal Year of 2019, particularly in relation to innovation in the areas of technology and smart-city development, and aligns with the goal of transforming the Guangdong-Hong Kong-Macau Greater Bay Area into an international centre of science, technology and innovation.

Proposed new law on h­­otel establishments' activities
Macau | 15 October 2020

Macau's tourism and entertainment industry has been severely affected by the COVID-19 pandemic. With this in mind, the Second Standing Committee of the Legislative Assembly initiated discussions on the draft law on hotel establishments' activities, which the government submitted to the Plenary in February 2019. This law is welcome, as it will update the 1996 law and modernise the legal framework which governs Macau's economic engine.

Macau banking and financial services overview: legal update
Macau | 18 April 2019

In 2018 and 2019 the legislature approved numerous laws to reinforce Macau's economic stability and international fiscal cooperation. Further, the government put forth for discussion numerous draft laws to stimulate diversification in the economy and encourage the development of the financial leasing industry. Additional measures are expected in 2019 and 2020 to develop the Guangdong-Hong Kong-Macao Greater Bay Area and overcome the challenges presented by today's cross-border financial activities.

Macau payment services updates: legal implications
Macau | 31 May 2018

Some critics have labelled Macau's functioning legal and financial framework as a legal impediment to financial innovation and change; however, it could be suggested that a number of recent actions – including the authorisation of one public company limited by shares to provide payment services in relation to bank cards and another to provide payment services via the Internet and mobile phones – may result in innovation in the industry as a result of the Financial System Act.

Macau Sino-Portuguese offshore activities
Macau | 09 November 2017

Macau was previously bestowed with an offshore regime boasting a comprehensive list of 20 offshore activities. This initially attracted many businesses, but the allure was greatly reduced after the removal of 12 activities from the list. Just as many began to believe that offshore activity was over, Macau's mandate to become a commercial and trade cooperation service platform between China and Portuguese-speaking countries came into play.

Legislation on medical error
Macau | 23 February 2017

After its initial introduction to the Macau Legislative Assembly in 2013, the Regime Jurídico do Erro Médico (RJEM) will soon enter into force. The driving forces behind the RJEM's enactment include a lack of knowledge about the occurrence of medical error and the consistency of the liability rules and competent courts. The RJEM is a sensible reaction to the problems and injustice caused by medical error and how it is handled. Hopefully its effectiveness can be proven with experience.

Guidelines on preventing money laundering and terrorist financing
Macau | 07 July 2016

The government has revamped its regulatory measures regarding the prevention of money laundering and the financing of terrorism. This regulatory trend originated from the mandate of Administrative Regulation 7/2006. The government is sending a clear signal that Macau has renewed its commitment to the prevention of money laundering and the financing of terrorism in line with the Asia Pacific Group on Money Laundering, which will issue a report later in 2016.

Freezing assets
Macau | 05 May 2016

The 2007 Mutual Evaluation Report on Macao, China highlighted the absence of asset-freezing mechanisms in the Macau legal system, which were required for compliance with Macau's obligations under resolutions adopted by the UN Security Council in the context of fighting terrorism. The government has now presented a draft law on a legal regime for the freezing of assets to the Legislative Assembly.

Tech, Data, Telecoms & Media

Draft law on tax benefits for activities dedicated to scientific and technological innovation
Macau | 15 January 2021

The government has issued a draft law on tax benefits for undertaking activities dedicated to scientific and technological innovation. This draft law is a consequence of the Macau Special Administrative Region Policy Address for the Fiscal Year of 2019, particularly in relation to innovation in the areas of technology and smart-city development, and aligns with the goal of transforming the Guangdong-Hong Kong-Macau Greater Bay Area into an international centre of science, technology and innovation.