As you know, the autonomous territory of Macau is an integral part of the PRC. At the same time, the Macau region is independent: a currency, a legislation and a judicial system are fundamentally different from a standard for China. If you intend to register a company in Macau and open an account in Macau, you need at least a minimum of information about this former Portuguese colony. A district includes the peninsula of the same name and two small islands: Koloane and Taipo.
According to YB Case specialists, it seems to many potential investors, that registering a business in Macau is quite difficult, but with the help of qualified team, everything is not so problematic.
A standard practice of opening an enterprise in Macau also begins with a choice of the company name, and then you should contact a commercial vehicle registration office with an application. Once this application is approved by the Macau government, a company registration in Macau will take effect.
If you decide to open a business in Macau and open a current account in Macau, YB Case specialists will tell you, that your company can be owned by one or more persons, regardless of their citizenship and place of residence. All procedures are carried out with the personal participation of the owners and are notarized. After registration, the registration office of enterprises and vehicles issues a certificate on the establishment of the company, which should become legal within 15 days after the transfer of the application to the Financial Bureau.
- Macau Limited Company (L.D.A.) is the most common type, if you are interested in registering a company in Macau. Shareholder obligations are limited by their contribution. A name of this company ends with “Limited” (L.D.A.). If the company has only 1 shareholder, a company name ends with “One-Man Limited” (Sociedade Unipessoal Lda.). Requirements:
- a registered capital (min) is 3105 USD;
- Shareholders are min 1 (no more than 30 people);
- Directors are min 1;
- Requires a company secretary (if the company is “One Person”)
- Macau Holdings Limited
Compared to the first, this one is much better structured. A capital is divided into equal shares, the obligations of shareholders are limited to their subscribed shares. Requirements:
- a registered capital of at least 124,000 USD;
- Shareholders min. are 3;
- Secretary is required.
Taxes in Macau are simple and straightforward. VAT and customs duties are not here, for inheritance/donation - also, for profits up to 38,200 USD - firms are exempted, over this amount - a rate of 12%. For individuals, the income tax rate including dividends is about 6,7%.
If you decide to register a company in Macau and open a bank account in Macau, contact YB Case experts. We will also help you to buy an existing company in Macau or register a company in Southeast Asia.