Incorporation - Macau
Macau Company
Benefit of setting up a Macau Company
It has a stable financial system
A Stable financial system will help you to maintain your business in Macau. Most Macau companies are running smoothly because of the stable are reliable financial system.
Ideal Trading Environment
Macau is a business-friendly city that enables Macau companies to trade freely. Macau has become international that suitable for entrepreneurs.
Low Tax Rate
Tax is always the main concern of starting a business. But don't worry about the taxation issues in Macau. The relatively low tax will make your financial status being more smooth.
Tax-Exempt For Offshore Companies
Offshore companies are exempt from profits tax, business tax, inheritance and gift tax, property transfer tax, stamp duty and salaries tax for the first three years
Platform for jumping into Mainland China
Nearby mainland China with convenient transportation, make Macau become a platform for economic and trade cooperation between Mainland China and Portuguese-speaking countries.
Incorporation - Macau
Our Services
Incorporation of Macau Company Service
Pre-approval procedures for the names of Macao companies
Provide Macao company registered address, telephone
To apply for tax returns to the Finance Bureau
To assist the bank account opening procedures (according to customer needs)
To arrange for the establishment of the Macao company required documents notarization procedures
Everything you need to know about Macau Company
Procedures For Macau Company Set Up
- Application of admissibility of trade name - Fill up the required form with proposed name, and a clear definition of the objectives of the company
- Memorandum and Articles of Association - Notarial contract or individual contract confirmed by a public or private notary, according to type of company and legal requirements in force
- Registration of the Company
Document you have to prepare
- Letter of Application (With the Verification of Signature)
- Company Constitution Document
- List of Names of Shareholders and I.D. Copies
- List of Names of The Administrative Board
- Letter of Appointment of The Administrative Board
- Copy Certificate of Admissibility of Trade Name
Procedures For Macau Company Set Up
- Macau Local Company Tax
- Business Tax - The tax rate varies according to the business and the amount is generally MOP300
- Profit Tax - Supplementary income tax at 12% on gains from carrying on a business or profession
All legal and administrative procedures apply to all local and foreign individuals or organizations interested in setting-up a company in Macau.
Macau Company Incorporation
FAQs
Macau Company Incorporation [1] :
What taxes are involved in a Macau company?
Business Tax, Complementary Income Tax and Professional Tax
Macau Company Incorporation [2] :
When does a Macau company need to file the Opening-up Declaration?
30 days before the planned opening date.
Macau Company Incorporation [3] :
How to classify a Macau company into Group A or Group B of Complementary Income Tax?
The classification criteria of Group A are as follows:
The registered capital of the company is MOP 10,000,000 or above, or
The company shall complete Form M1 (Simplified Version) and submit its financial statements each year. The Financial Services Bureau will assess the average net profit of the company in the past 3 years and decide whether to classify the company into Group A or not. The Bureau will inform a “Group A” company by letter that it is required to complete Form M1 (Full Version) and have it re-examined and signed by Macau CPA when filing tax returns every year.
The classification criteria of Group B are as follows:
Companies that do not meet the criteria of Group A; or
Non-operating companies
Macau Company Incorporation [4] :
When and how to apply to become a Professional Tax taxpayer?
For Group I Taxpayer (person serving others), the employer shall submit the Registration From (Form M/2) of Professional Tax completed and signed by the employee and a copy of his or her identity document within 15 days of employment
Group II Taxpayer (freelancer or professional) is required to submit the Declaration of Business Commencement (Form M/1) of Professional Tax before business commencement
Macau Company Incorporation [5] :
When should the Professional Tax be declared?
Group I Taxpayer (person serving others and receiving remuneration from more than one employers) is required to report last year’s remuneration or earnings in Return of Earnings (Form M/5) in January to February of each year
Group II Taxpayer (freelancer or professional) who does not have proper accounting preparation is required to report last year’s remuneration or earnings in Return of Earnings (Form M/5) in January to February of each year
Group II Taxpayer (freelancer or professional) who has proper accounting preparation may defer to April 15
Macau Company Incorporation [6] :
What kinds of Professional Tax shall be declared by employers?
In January to February of each year, no matter having employees or not, employers are required to submit to the Financial Services Bureau the Name Form of Employees or Casual Workers (Form M3/M4) of Professional Tax Group I within the statutory filing period. The remuneration or benefits obtained by each staff member in the previous year shall be included in the form.