In February 1988, the University of East Asia was restructured to become a public university, renamed as University of Macau. Programs previously offered by the Open College and Graduate Collage of the University of East Asia were handled by a new East Asia Open Institute. To cope with the ever increasing and changing needs in the territory, the East Asia Open Institute entered into a joint venture with Universidade Aberta (Open University) of Portugal to form a new university - the Asia International Open University (Macau), with the approval of the Macau Government in 1992. The University consists of School of Undergraduate Studies, School of Graduate Studies, School of Professional Studies and Portuguese School. In accordance with the Macau Government Decree 196/92/M, the University may award Bachelor, Master and Doctorate degrees. In the year 2004, the Education Department of China and Higher Education Bureau of Macau approved the University to recruit full-time MBA students from mainland China to Macau. In the year 2005, the University extended the student recruitment to DBA program as well.