Eternity Law International News Company registration in Macau

Company registration in Macau

Published:
December 22, 2020

In recent years, Macau has become more and more relevant offshore. The reason for this is a loyal tax environment, a high level of development of the financial sector and a fairly good reputation of this jurisdiction as a whole. The creation of an offshore company in Macau – Limited liability company by quotas – is an excellent example of successful tax planning.

The offshores of this autonomous territory are governed by Civil Law, which combines the key provisions of the German, English, Chinese and some other general legal framework).

Procedure and conditions for establishing a company in Macau

  • To register a company in Macau, it is enough to attract two shareholders and 1 director.
  • The jurisdiction of this region does not put forward requirements for the residence of shareholders.
  • The company should appoint a secretary if it has 10+ people. The secretary’s residency is not important, however, a legal entity cannot be assigned to this position.
  • Capital is payable in full. Its size is from 25 thousand MOP.
  • Company name in Chinese or Portuguese is allowed. The name should not repeat any of those already approved and used.
  • It is not permitted to issue bearer shares.

An offshore company in Macau can be classified into one of the following categories:

  • a firm entitled to provide services to third parties;
  • a company that provides ancillary services to the parent company.

In order to create an offshore structure in Macau, you must provide the following documents:

  • a business plan that indicates the size of the investment, the line of business, the conditions for hiring local employees, the area of ​​office space, etc .;
  • confirmation of the fulfillment of all items indicated in the business plan (provided after obtaining a license permit).

An offshore company in Macau must be physically located within the jurisdiction.

Accounting

An offshore company in this region maintains accounting records on a mandatory basis. The firm must submit reports on turnover and financial condition annually. In addition, the company regularly conducts an audit if its annual turnover exceeds 50 thousand MPAs, and its capital is more than 100 thousand MPAs.

If you need to register a company in Macau, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Macau. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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