Category Archives: Macau Company

Macau: The Best Place to Be for Companies

Macau, also known as Macao, is just minutes away from Hong Kong, enjoys an open economy, excellent location and great infrastructure.  It has a free port with no exchange controls and money which flows in and out freely.  Investors from all over the world are attracted to Macau and for very good reasons indeed.

According to a recent World Trade Organization (WTO) evaluation, Macau’s open trade and investment policy remains popular all over the world. What are the advantages which a business can get if it chooses to go ahead with Macau company registry?

  • Favorable trading environment
  • Low taxation system
  • Low operating cost
  • Stable financial system
  • Excellent offshore service system
  • Good entry to Chinese and Portuguese-speaking trading countries

Two types of Macau Companies

Companies in Macau are grouped into two, namely;

  1. Macau offshore company
  2. Macau local company

Company Formation in Macau

Macau adheres to the market economy system and free port policy allows people, as well as goods to enter and leave the capital freely.  Company formation is relatively simple and the procedures which apply to local and offshore companies are easy to follow. Macau has business relationships with more countries all over the world and has affiliations with over 50 organizations.

Any and all commercial practices in the city are in accordance with international laws. Investors who are looking for the ideal environment find Macau among the best in the world. Macau is ranked 26th country in the world with the freest economy.

Types of Local Companies in Macau

  1. Economic interest group
  2. Corporate commercial enterprise
  3. Personal commercial enterprise

Macau’s Economy

Macau has an economy which is very stable. From 2007 to 2012, the country’s annual GDP is 13.3%. For the first six months of 2013 alone, the GDP grew by 10.5%. Macau’s unemployment rate is also very low. These are just some of the things which investors from all over the world love very much because it gives them assurance that their business and capitals would not be out in jeopardy.

Offshore Companies in Macau

Those who wish to establish offshore companies in Macau will need to pay a fee of MOP 5,000 to a government authority and also pay a semiannual operating fee which can be as low as MOP 5,000 or as high as MOP 15,000, depending on the capital amount. The capital amount required for offshore businesses is MOP 25,000 to MOP 100,000.

Registration technique of a company in Macau

Macau is one in every of the best selections for establishing a business in China. Macau is found within the tropics, just to a small degree south of the Tropic of Cancer. It is a commercial town with an awfully exposed economy, beneficial geographical site and comprehensive structure. Macau is additionally a permitted anchorage while not discussion controls, and reserves will flow in and out easily, so several financiers have been involved to invest in Macau.

The registration process of Macau is quite similar to the other country around the globe. There is no exception constraint on Macau company integration and it executes a low income tax rate system, with restricted substances of taxation. In current ages, favourable aspects are increasing in Macau and economic surroundings has met continuous improvement specifically cordial reception and tourism, that drove the growth of Macau’s economy and also the worldwide community exposed accumulative assurance regarding share in Macau. At a similar time, Macau is additionally one amongst the most open and most free areas of international trade and investment. In Macau, investors shall fill in and acquiesce the request for integration of Macau Company arrangement for providing the small print of proposed company name, business opportunity, depositors, executives, and registered office. A supposed name won’t be registered if it’s a similar as a registered name performing on the registrar’s index of company names sustained by the company’s registry. In Macau, only Chinese company names are formally used, whereas other company names are for individual reference. There is a universal demand for at least two investors and one administrator. Investors or administrators may be of any nationality. The amalgamation method characteristically proceeds up to a few weeks to finish. The assimilation is consummate via the accomplishment of an incorporation achievement that is occupied by a demonstration of the investors. It should be prominent that it’s not essential for the vendors to physically by existent in Macau to sign these documents. Effectually, the investors can consent an individual in Macau to sign on their behalf. Whereas Macau is a low taxation surroundings for each business holder and employees, tax regulation imposes a variety of responsibilities on each the individual remunerator and his/her establishment and these necessities may be very completely altered to those in different jurisdictions. Obtain the Certificate of Combination from company’s registry, then, one can manage the tax registration at the Economics Facilities Agency. When managing the tax registration procedure at the Economics Facilities Agency, all the corporate registration documents will be issued and recorded after that the process is completed. The complete progression sometimes takes six business days and information and documents to be provided in Macau.

The Basics of Macau Company Registration

Investing for a business expansion or setting up a company in Macau is a great opportunity. Macau is definitely a wonderful place with great and welcoming people. As a part of China, it is also an economically thriving place that is why many business people are taking their breaks in this place and yes, they have really found great success in choosing to expand their business in Macau.

Macau is located in the tropics, and basically, this place has a warm temperature all year round. People in Macau can enjoy the sound infrastructure and the great industrial chain for marketing, commerce and manufacturing. One great thing about setting up a company in Macau is that you can have the opportunity to take advantage of the “one country, two systems” policy. Now, to learn more about setting up a business in Macau, it is very important to know the basics of Macau company registration. And let’s us take things step-by-step.

The Company Name- Before getting into Macau company registration, the government first will need to approve your company name. In Macau, only Chinese company names are accepted. However, English company names can be used for reference. But then again, not all proposed Chinese company names can be accepted as there are wordings of a company name that you have to conform with when proposing a company name. Your company name must be distinguished from other registered names. Now, when the proposed name has the word “China”, then it should be evaluated at the national level for company registry.

The Director, Shareholder, Monitor and Legal Counsel- Before the business will be set up, these posts must be arranged according to the policy. The directorship can be taken by a local or foreign person. A shareholder can be foreign company or a local person as well. A monitor is needed in supervising the management and the operation of the company. He or she can be a foreign or a Chinese person. And lastly, a legal representative is needed for any legal affairs arising in the operation of the business.

The Procedure- After having the name approved and filling up the certain posts, the procedure begins with filling out of the application form, confirmation of the company name, paying the services, submission of the necessary documents, validating the documents and the data entered and the preparation of the statutory documents.

So there are still some other things you need to consider when looking forward to set up your own company in Macau. However, the ones mentioned above are the most basic and essential ones you need to know. For easy Macau company registration, seek the help of an expert and have all your significant queries answered.