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Offshore Companies Registration |
| Company Registration in Macau |
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| Business in Macau |
There are 2 ways of declaration for local companies operating and developing in Macau, with a tax rate of 12%. Set A requires auditing before declaration, whereas Set B can declare directly without auditing. |
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| Corporate Requirements |
- Shareholder: at least 2 and at most 30, of any nationality;
- Director: shareholders should appoint one or more directors, of any nationality, responsible for the management of company;
- Statutory secretary: not required
- A registered address in Macau: can be provided by our company with an annual fee of HKD 4,000;
- Registered capital: at least MOP 25,000 with no upper limit;
- Stamp duty: 0.4% of capital;
- No requirements for annual return
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| Name of Company |
- Either in Chinese or in Portuguese;
- English name must be registered together with Chinese and Portuguese names;
- Must end with "Lda"(Limited Company)
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| Registration Procedure |
| Applying for business name |
- Formatting Memorandum and Articles of Association (M & A) and agreement
- Signing agreement (shareholder must visit the accounting firm in Macau in person)
- Registering the company
- Applying for business license (for specific business only)
- Applying for business operation
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It takes approximately 14 to 30 days for a smooth application. (If the applied name is already registered, the application would have to be done again, and this may take a few days more).
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| Fees |
| Official registration fee and our company's service charges from HKD 8,000 (excluding annual registered office charges). |
60% of the total fees as deposit, and the remaining payment should be settled upon issue of company registration certificate.
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| Opening Bank Accounts |
| Application for company bank accounts can only begin after registration. It normally requires the director to visit the bank in person. Our company can recommend banks to our clients when needed. A copy of government certificate is required to authenticate related documents of referee and company registration. |
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| Taxation |
- Taxation is required even for companies that are not in operation;
- Accounts and records of the company have to be retained for 10 years, including statement of profit and loss, balance sheet, stock sheet, inventory, etc;
- Legal auditing is not required for companies, except banks, insurance companies, franchised companies and offshore companies
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| Supplementary Income Tax |
The highest tax rate is 15% (stamp duty included);- Declared after the end of each financial year (January to December);
- 2 types of declaration:
- A:with auditor's report
- Taxation services from HKD/MOP 10,000 (depending on complexity)
- B: without auditor's report
- Taxation services for HKD/MOP 5,000 - 8,000
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| Other Auditing Services |
| 1. Annual Auditing |
- Statutory auditing
- Non-statutory auditing
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| 2. Special Auditing |
- Auditing for incorporation and purchasing
- Circumspect investigation
- Auditing for litigation
- Company appraisal
- Specific report
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| Employee's Income Tax |
| Employee's occupational tax: employers should register for their employees with 15 days after the commencement of work. The tax should be deducted month from the salary, whereas the annual returns should be rendered quarterly. |
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| Social security fund: employers should register for social security fund for themselves and their employees. Contributions should be paid quarterly, in January, April, July and October for the previous quarter. |
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| Employee registry: employers should update the employee registry monthly. The registry should be kept at the workplace, for the convenience of inpections by Labour Affairs Bureau. |
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| SML Accounting and Tax Consultants Co., Ltd. |
| Address: 5/F., Greatmany Centre, 111 Queen's Road East, Wanchai, Hong Kong |
| Tel: (852) 3113-6066 Fax: (852) 2520-0121 QQ: 2562408268 |
| Contact: Ms Cheung (Company Registration in Hong Kong) Ms Chan (Offshore Companies Registration) |
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