Trading activity:
Holding activity:
Services activity:
Macau companies pay corporate income tax (complementary tax) on their worldwide income. The exception is rental income from real estate in Macau, it is subject to a special property tax.
Corporate income tax is charged at a progressive rate ranging from 3% to 12%.
In 2023, the tax rate is 12% on profits exceeding MOP 600 000 (~ USD 74 000). Profits up to MOP 600 000 are tax exempt.
Income derived from Portuguese-speaking countries (Portugal, Angola, Brazil, and Mozambique) is exempt from tax, provided that such income has been taxed in those countries.
The types of entities most commonly used in Macau are:
All Macau companies are required to prepare and file financial statements.
An audit is required only for public limited companies and companies of any type with an authorized capital of at least MOP 1 000 000 (~ USD 124 000) or with an average taxable income exceeding MOP 1 000 000 over the past 3 successive years;
Such companies also have the right to carry forward losses from previous years and offset them against profits for 3 years.
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Services
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Fees (USD)
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Total cost of company incorporation, including local agent fees and:
- preparation of the company’s constitutive documents; - payment of incorporation fees (opening fee) and notarial expenses; - power of attorney for company incorporation (if the founder is not going to travel); - apostilled copies of constitutive documents with English translation; - company chop. |
16 500
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First year of secretarial services with provision of a registered office address in Macau
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3 900
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Annual fee (operating fee + contribution to the Social Security Fund)
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1 300 per year
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Annual administration of the company (starting from the second year), including provision of a registered office address
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4 050
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Annual fee (operating fee + contribution to the Social Security Fund)
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1 300 per year
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Preparing annual financial statements in Macau
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Charged at an hourly rate based on the complexity and number of transactions, completeness of the documents provided
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Supporting a Macau bank account opening (the signatory to the account is required to visit the bank)[2]
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from 2 500
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Supporting a bank account opening in another jurisdiction[3]
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from 2 500
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director/shareholder/beneficial owner, except the change to a nominee director/shareholder, - signing of documents. |
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |
[1] These can be 2 nominee shareholders, with only one beneficial owner. The maximum number of shareholders is 30.
[2] To open an account in Macau, the signatory to the account and, depending on the bank, the director and beneficial owner are required to visit the bank.
[3] The list of banks and detailed price lists are available on GSL website.