|General Information||Macau is conveniently located in a peninsular in Guangzhou . 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 avails the opportunity for clients to set up tax exempt Macau structures to accommodate overseas selling activities or back office support services.|
|Types of Company||The 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 the 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 certificates 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. A minimum of 50% of the amount of audit / quota subscribed must be paid up in cash.|
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||
Annual Audited accounts must be submitted for both Offshore and Local Companies. Offshore Companies are tax exempted. The Average tax rate on taxable income of Lda for MOP600,000 or above is 12% and below MOP600,000 is exempted.