|
1) |
Jurisdiction |
|
List of Countries |
|
|
Type of
company |
: |
I.B.C |
|
|
Political stability |
: |
Good |
|
|
English
Common Law model |
: |
Yes |
|
|
Special
Financial Privacy Regulation |
: |
No |
|
|
Tax on
Offshore Profits |
: |
No |
|
|
Double
Taxation Treaties |
: |
No |
|
|
Chinese name
allowed on Certificate of Incorporation? |
: |
Yes |
|
2) |
Corporate Requirements |
|
|
|
Name
restriction |
: |
Yes |
|
Minimum
number of shareholders required |
: |
One
(1) |
|
Minimum
number of directors required |
: |
One
(1) |
|
Bearer
shares permitted? |
: |
No |
|
Corporate directors permitted? |
: |
Yes |
|
Standard authorised capital |
: |
MOP25,000 |
|
3) |
Statutory Requirements |
|
|
|
Business
activities |
: |
Only focus on non-Macao markets |
|
Currency |
: |
Use on non-Macao currency on the business
activities |
|
Customers |
: |
Only target on non-Macao residents customers |
|
Required
unique office address |
: |
Yes |
|
Minimum
number of local staff members |
: |
Two (2) |
|
Local
directors required |
: |
No |
|
Local
meetings required |
: |
No |
|
4) |
Filing Requirements |
|
|
|
Disclosure of
beneficial owner |
: |
No |
|
Disclosure of
shareholders |
: |
Yes |
|
Disclosure of
corporate directors |
: |
Yes |
|
Annual
audited accounts |
: |
Yes |
|
Annual
returns |
: |
Yes |
|
Registered Office/Agent |
: |
Yes |
|
5) |
Costs |
|
|
|
Incorporation fee |
: |
US$650 |
|
Domiciliary services fee |
: |
US$2,250 to US$5,500 |
|
Government tax |
: |
US$1870 |
|
Filing
fees |
: |
Nil |
|
Basic
first year costs |
: |
US$4,770 to US$8,020
(excluding other administrative/operating costs) |
|
Basic
second and subsequent year costs |
: |
US$4,120 to US$7,370
(excluding other administrative/operating costs) |
|
6) |
Advantage |
|
|
|
|
 |
Exemption
from all local taxes for International Business Company (IBC)
|
|
|
Well
developed financial services industry
|
|
|
Common
law legal system
|
|
|
Well
developed professional infrastructure
|
|
|
Excellent
telecommunications system
|
|
|
Gateway to China
|
|
|
One hour journey
to Hong Kong
|
|
|
No
foreign exchange control
|
|
|
|
| 7) |
Other Information |
|
|
|
Location |
: |
Asia |
|
Status |
: |
Chinese Special Administrative Region |
|
Capital |
: |
Macao City |
|
Main Cities |
: |
|
|
Population |
: |
440,000 |
|
Area |
: |
25 Sq. Km. |
|
Currency |
: |
Macao Dollar: 1 MOP = 100 Cents |
|
Languages |
: |
Chinese, Portuguese, English |
|
Religions |
: |
Buddhist, Protestant, Roman Catholic |
|
|
|
|
|
|
|
|
