Regarding the rumour currently being spread by text messages to mobile phones and on the Internet saying that investment residency in Macao will be re-opened for applications and an administrative fee will be charged to process the application, the Macao Trade and Investment Promotion Institute (IPIM) wishes to clarify that such information is untrue. Such untrue and misleading information may have violated Macao's criminal law. IPIM urges all those intending to lodge investment residency applications not to believe in such misleading text. IPIM confirms that the Administrative Regulation No. 7/2007, effective from 4 April 2007, is still in force and that temporary residency applications for investment in local real estate are still suspended. IPIM urges anyone who has paid this illegal administrative fee and therefore has been defrauded should report it to the Macao Judiciary Police immediately on the Crime Reporting Hotline 993.
