Macao is a highly open commercial city with a superior geographical location and complete infrastructure. Macau is also a free port with no foreign exchange controls and free access to funds, which has attracted many investors to invest in Macau.

There are basically no special restrictions on establishing a company in Macau, and a low tax rate system is implemented with few types of taxes. In recent years, the favorable factors in Macau have been continuously increasing, and the economy has continued to grow, especially in the hotel and tourism industries, which have driven the rise of the Macau economy. The international community's confidence in investment in Macau has also been constantly increasing. Meanwhile, Macau is also one of the most free and open regions in the global trade and investment system.

advantage

Having a robust financial system

Ideal trade environment

Low tax rate, offshore companies can be exempted from profit tax, business tax, inheritance and gift tax, property transfer tax, stamp duty, and first three years salary tax (non Macau residents)

Potential offshore service centers

Platform for economic and trade cooperation between Chinese Mainland and Portuguese speaking countries

Types of Local Companies in Macau

Natural person business owner

Corporate Commercial Enterprise

economic interest groups

Differences among different types of commercial companies

Number of shareholders of commercial type Registered capital

No requirement for unlimited company with 2 or more employees

Generally, there is no requirement for at least one unlimited liability shareholder and one limited liability shareholder in a joint venture company

At least one unlimited liability shareholder and three limited liability shareholders in a joint stock company shall be MOP 1 million (minimum)

Limited company with 2 to 30 employees MOP 25000 (minimum)

One person limited company with one person MOP 25000 (minimum)

At least 3 people in a limited liability company, MOP 1 million (minimum)

General procedures for establishing a company

Program remarks/conditions

Application for company name: Proposed company name and business operations

Sign company articles of association/contracts, sign contracts or private contracts according to the company category and legal provisions, and have them certified by a notary public

Business registration attachment:

1. Application letter

2. Notarized Certificate of Shareholders of the Company

3. Copy of shareholder list and identification documents

4. List of Board Members and Declaration of Acceptance of Position

5. Certificate of Registration for Business Registration Names

Declaration for Opening 1. Opening/Changing Declaration Form

2. Copy of shareholder's identification documents

3. Copy of Business Registration Certificate

4. Copy of company articles of association/contract

5. Business tax payment voucher

Local corporate taxation in Macau

Tax year

From January to December each year

Sales Tax

Corporate entities or individuals engaged in any commercial or industrial activities are required to pay business tax, with a tax rate determined by their business operations and a general amount of MOP 300 (37.5 US dollars)

Supplementary income tax (income tax)

Levy supplementary income tax on the income from operating the industrial and commercial industry, with a tax rate of 12%

Supplementary Income Tax Rate Table

Taxable annual income percentage

Exemption for income up to 600000 yuan

12% above 600000 yuan

Taxation time

Taxes not exceeding MOP 3000 should be fully paid within September. Taxes exceeding MOP 3000 can be paid in two installments between September and November. Those who pay taxes in installments and fail to pay the first installment of taxes within September according to regulations will be subject to an additional 3% overdue interest and unpaid taxes, which will result in the second installment expiring immediately.

Social Security Fund

Employers are required to contribute MOP 30 per month to local employees, while employees are required to contribute MOP 15 per month. Non local employees are required to contribute MOP 45 per month by the employer, while employees are not required to contribute.

Required information and time

Company name in both Chinese and English

Copy of shareholder or director's ID card or passport

Copy of ID card or passport of relevant personnel

Registered address of the company

Registering a local or offshore company in Macau takes approximately 3 to 4 weeks