How to Setup a Company Forms of Commercial Entities Under the Macau Commercial Code effective from 1 November 1999, the following types of commercial entities may be set up in Macau to conduct business: a) Individual Entrepreneur (Empresário Individual, E.I.) This is the same term as "Sole Proprietorship" under the previous Commercial Code of Macau. This kind of business is exercised by one person using his own name or by his employees. He is wholly liable for all debts incurred in the business. Registration in the Commercial Registry Office is optional b) Company The members of the company contribute either in capital or in industry for the company, practicing profit reverting economic activities back into the company and sharing the profit with the members. c) Economic Interest Group (A.I.E.) Joining 2 or above companies without affecting their qualifications of legal person, aimed at promoting and developing each other's economic activities or simply improving and expanding the economic activities of their companies. Company is divided into the following categories: Number of owner Capital Form and realization of participation of capital Compulsive Additional Trade name 1) Unlimited Liability Company 2 or above No maximum or minimum limit Money or industry S.N.C 2a) Mixed Liability Company by quotas 1 or above unlimited liability shareholder and 1 or above limited liability shareholder No maximum or minimum limit Unlimited liability shareholder and limited liability shareholder are both paid in cash S.C. 2b) Mixed Liability Company by shares 1 or above unlimited liability shareholder and at least 3 limited liability shareholder Minimum limit: MOP1,000,000 and no maximum limit Unlimited liability shareholder paid in cash and limited liability shareholder paid by shares S.C.A. 3a) Limited Liability Company by quotas 2 to 30 persons Minimum limit: MOP25,000 and no maximum limit By purchasing quota of the company, the nominal value of the quota at least MOP 1000 or in multiples of 100 L.D.A 3b) Limited Liability Company by sole owner 1 person Minimum limit: MOP25,000 and no maximum limit Capital of 1 share and the rest is same as Limited Liability Company by quotas Sociedade Unipessoal Lda 4) Limited Liability Company by shares At least 3 persons Minimum limit: MOP1,000,000 and no maximum limit All capital is divided into equal shares and value of at least 100 S.A. Procedure for Company Setup: PROCEDURES LEGAL MEANS/LOCATION REQUIREMENTS 1. Application for trade name Commercial Registry Office (CRCA) Fill up the required form with proposed name, and a clear definition of the objectives of the company 2. Memorandum and Articles of Association* (within 60 days of obtaining trade name Notarial contract or individual contract confirmed by a public or private notary According to type of company and legal requirements in force 3. Registration of the company* (within 15 days of signing of the memorandum) Commercial Registry Office (CRCA) Attachments: Letter of Application Memorandum & Articles of Association A list of names of shareholders and I.D. copies A list of names of the administrative board Letter of Appointment of the administrative board Certificate of Admissibility of Trade Name 4. Declaration of commencement of operation Department of Finance (DSF) Two Industrial Tax forms (Form M1) with the     Notarized signature and ID copy of the shareholder Copy of the Certificate of registration issued by     Commercial Registry Office Copy of the Memorandum and Articles of Association List of the Shareholders and Administrative Board     names & ID Copies. Payment of the Industrial Tax (Form M7) Information compiled from: MACAU TRADE and INVESTMENT PROMOTION INSTITUTE

   Copyright©2008 C&C Advogados All rights reserved | Disclaimer