For starters, the law in Macao is civil law (portuguese) law. You will want to get some local advice as to how to best structure a company in Macao. From our research, electronic signatures are not permitted. Get with the program Macao, this internet thing is here to stay.
The abbreviation MO is for Macao and the most common company type structure in Macao is a .
It typically takes about 25 working days to setup an in MO. The types of currencies you can use to setup your legal entity is frequently legal tender.
Yes, one is allowed to re-domicile a from MO. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own an in MO by yourself. Corporate Shareholders are allowed, meaning you could have a company as a shareholder. Foreign ownership is allowed, up to no restriction% of the total shareholding.
An is only required to have 1 director on the board. Additionally, corporate directors are permitted. Directors should not have an expectation of privacy, as they are not kept private in Macao.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for an address which can receive a service of process on behalf of the business. A related requirement, a company secretary is a requirement.
There is a requirement to file accounts to relevant authorities. On that note, there is no requirement that these accounts be audited, at least for privately held companies.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Macao Civil Law (Portuguese) is 25,000.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Macao, Directorate of Justice Affairs Services. Shareholders are disclosed in the Directorate of Justice Affairs Services.
Typically companies take 25 working days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Macao is a good option and have given it a score of 80 as an IO score, using the Incorporations.IO proprietary formula.
25 working daysto form