Tel: (852) 2528 9298

2nd Floor, Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong

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Tel: (852) 2528 9298

2nd Floor, Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong

Google Map

 General Information

 

Macau, also spelled Macao, is an autonomous region on the Western side of the Pearl River estuary in East Asia . Its easy access to Zhuhai and Hong Kong has made it a very exciting location as an offshore juridiction. In 2001, legislation for Macau Offshore Companies were announced. This availed the opportunity for clients to set up tax exempt Macau structures to accommodate overseas selling activities or back office support services.

 

Types of Company

 

Two forms of companies are Offshore Companies and Local Companies. Local Companies are classified into “SARL” and Lda”, SARL is a public company and Lda is a private company. Lda is the most common form of Company used. Offshore Companies are also classified into two types Offshore Commercial Service Institution (International Business Company (IBC) and Offshore Anxiliary Service Institution (OASI). IBC can provide services to any third party. OASI can provide services to its parent and its associates and act as a “back office”. A foreign company may also establish a branch “Sucursal” in Macau .

 

Structure

 

An Offshore Company must have at least one shareholder and one director. Lda must have at lease two shareholders and three directors. An individual or corporation can be a shareholder and a director. Both Offshore company and Local Company must have an office in Macau , this must be a real office with minimum one staff. If the shareholder is a corporation, its board has to appoint a representative to sign a Power of Attorney in Macau before a Notary.

 

Capital

 

Minimum capital is US$3,125 or Macau dollar (“MOP”) 25,000. The minimum value of each unit quota is US$125 (MOP 1,000) . A Lda does not have share certificate and evidence of title to a unit / quota is in the by laws of the Lda. The By-laws must be registered at the commercial Registry.

 

Management

 

The shareholders / quota holders appoint management director to run the Lda and they need not be Macau residents. However, for import-export-trade, a representative with management powers must be resident in Macau .

 

Audit & Tax

 

Audit requirement depends on capital and annual profits. Tax is only imposed on onshore business activities, so any profit generated outside of Macau is tax exempt.  In addition, tax on profits  is calculated at a progressive rate.  For net profits of MOP600,000 (US$75,000) or more, the tax rate is 12%.  For net profits less than MOP600,000 (USD75,000), the rate is 0%