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Banking Regulations in Macau

Macau has a well-regulated financial system, with strict rules governing credit institutions and their operations. The following sections outline the main areas of regulation.

Authorization of Credit Institutions

To operate in Macau, credit institutions must be authorized by the relevant authorities. The regulations specify the requirements for authorization, including:

• Form of Credit Institutions: Article 20 states that all credit institutions in Macau must be established as public limited companies.
• Share Capital Requirements: Article 21 outlines the minimum share capital requirements for banks and other credit institutions operating in Macau.

Procedures for Application for Authorization

To obtain authorization, applicants must follow a specific process:

• Application Process: Article 22 details the steps to incorporate a credit institution in Macau, including submitting an application and providing required documentation.

Opening Branches of Credit Institutions Incorporated Overseas

Credit institutions incorporated overseas may also operate in Macau by opening branches. The regulations specify the requirements for these branches, including:

• Capital Requirements: Article 23 sets out the minimum capital requirements for branches of overseas credit institutions.
• Procedures for Application: Article 24 outlines the process for applying to open a branch of an overseas credit institution.

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