Local or foreign entity or individuals, which would like to set up a company in Macau, have the same legal responsibilities and apply the same application procedure. It takes just around 15 working days to set up a company through our firm for company incorporation. There is no capital verification in Macau and the company type is simple, which includes Unlimited Liability Company, Limited Liability Company, Sociedade Unipessoal Ltd, Mixed Liability Company, Limited Liability Company by quotas, Limited Liability Company by shares and offshore company.
Forms of Business Enterprises
Details are stated below:
Individual Entrepreneur (E.I.) or Commercial Entrepreneur, natural person
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.
Company or Commercial Entrepreneur, corporate body
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.
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.
Types of Business Enterprises
1 Unlimited liability Company
Formed by at least 2 members who have subsidiary responsibilities in relation to the company.
2 Mixed Liability Company
a) Mixed Liability Company by quotas:
Composed of unlimited liability partners as well as limited liability partners. Limited liability partners are only responsible for their share proportion. With no responsibility for any debts incurred by the company. On the other hand, unlimited liability partners are responsible for all debt of the company.
b) Mixed Liability Company by shares:
Limited liability shareholders acquire shares of the company and are only responsible for this amount, unlimited liability shareholders are responsible for all debt of the company.
3 Limited Liability Company by quotas:
This is the most common type of company set up in Macao, composed of a minimum 2 members are only responsible for their share proportion. With no responsibility for any debts incurred by the company.
4. Limited Liability Company by shares
A Limited Liability Company by shares has a share capital. Composed of at least 3 members, the shareholders are responsible only for the shares they owned, not for the debts of the company. The company is responsible for the debts in its total assets.
Herewith a summary of different companies in Macau: