Macau is located in southeast coast of China’s Pearl River Delta. The high degree of economic openness, perfect infrastructure, freedom on foreign exchange and capital funds, etc. these factorable factors make Macau growing at a fast pace and has driven the rise. Especially, with the implementation of the “Mainland and Macau Closer Economic Partnership Arrangement” (CEPA), greatly attracted the investors to set up a company in Macao from overseas.
Requirement for Macau Company
Chinese, Portuguese and English translated name*If the company has one shareholder only,its name will be ended with “Sociedade Unipessoal Limitada” or “Sociedade Unipessoal Lda.”. However, their English name can be ended with “Limited”.
|Share capital||At least MOP$25,000|
|Shareholder||1 Natural person or legal entity|
|Director||1 Natural person|
|Time required||20 Working days|
Advantages of Macau Limited Company
- Stable financial system
- Simple tax system with low taxation rate
- Wide international market communication
- Potential offshore service centres
Tax System in Macau
Macau only requires Group A Tax payer to carry out auditing and criteria for Profits Tax Group A (More well-structured entity) are as follows:
- Companies with capital of not less than MOP$1,000,000; or
- Average taxable profits in the past three consecutive years not less than MOP$500,000; or
- Others intend to opt for inclusion in this category.
For Group A Tax payer, they must prepare account and audit and submit tax return before June. For Group B tax payer, which are all companies that do not meet the Group A criteria, they only need to file tax return before March but not required to conduct audit.