Opportunities of doing business in Macau are widely available to foreign investors and businessmen, and many people are getting more interested about knowing the procedure of Macau company registry. Among several options, foreign business prefers doing business in Macau by selecting one among some particular options. Incorporating a company in Macau is the most common option, and many businessmen are doing business from Macau accordingly. Some other businesses prefer opening a branch of their existing business, as this is also allowed in Macau for foreign businessmen. Sole proprietorship and going for a representative office are two other common options for doing business in Macau.
Companies with different types and business are permitted to do business in Macau. As per the company incorporation act, businessmen from different industry with different company can start their own business in Macau. Unlimited liability company and individual entrepreneurs are two most common categories among some other options. Mixed liability companies by shares and quotas are also allowed to do business in Macau, as well. Limited liability company by shares, quotas and individual quotas are also permitted to do business in Macau, as well.
The first step of registering a company in Macau is to find a name for the company, which is not yet registered by some other company or business. A brief purpose and type of the business must also be declared while requesting for a company name. Next, the company must complete the draft and notarize the articles of association within two months, once the certificate is issued. Name and address of the board members and shareholders also needed to be submitted in order to register a company in Macau. A proof of acceptance of the board members must also be submitted, as it comes as part of the Macau company registration act.
Anyone can be appointed as a director, either elected or selected by the board members and this is the common norms of appointing a director according to the company incorporation act in Macau. Obviously, the director must have at least 18 years of age or above. Every company should maintain a business registry and declare some basic information about the company in public. In the case of an unlimited company in Macau, there should be at least two or more directors in that company. In the other hand, limited liability company by quotas, shares and sole owners must have at least one or more directors in order to doing business in Macau.
Nowadays, BVI companies are increasing in number and it’s the newest business trend in the international arena. BVI basically stands for British Virgin Islands and there are a number of places operating offshore company incorporation. These places can include Samoa, Cayman Islands, Bermuda, Bahamas, Singapore, British, Mauritius, Delaware, Seychelles and many others.
BVI is under the administration of the British Commonwealth. It is ruled under a legal system based on the English Common Law. English Common Law is operating along with local acts.
But, the question is, why BVI Company has become popular trend? The answer is simply lies on its great benefits. And what these benefits? To clear your mind form such question, take time to read the entire article as they are pointed out below:
- Low operating costs and tax- BVI companies are enjoying this benefit as they are exempted from stamp duty and local taxes.
- Security on assets- a BVI company owner can enjoy security on their assets from being expropriated by the foreign governments. Also, along with this benefit is the ability to transfer, merge or consolidate assets with other BVI company.
- Maximum protection on privacy- BVI company directors and other major personality in a company are highly regarded as confidential. Thus, all their information is protected and can’t be disclosed to any others.
- Easy operational process- since there are no statutory requirements like holding an annual general meeting as well as auditing of accounts, operating a BVI company be really easy.
- Other than those major benefits mentioned above, establishing a BVI company also involves easy and fast incorporations that can only take a day or two, doesn’t need minimum capital requirements, highly competitive fees and great and versatile post-incorporation follow-up services.
Now, if you think of establishing an offshore company with BVI, then you need to know some details like incorporation requirements. And to help on that matter, the requirements involved the following:
- A company must have at least one person to stand as company director and shareholder.
- A company must have only one local agent and must be a registered resident. He/she would act as a business representative.
- A company must have a valid and registered address in BVI.
- The documents to be submitted to the Companies Registry include: Certificate of Incorporation, Articles and Memorandum of association.
Establishing a BVI company is definitely easy, fast and straightforward. Plus, with those benefits mentioned, surely you’ll find greater success with it.
Strategically located in the heart of the Pacific, Samoa is fast gaining popularity as a viable location for offshore companies. Over the last twenty years or so, the country has warmly embraced every economic changes as they come. And right now, there is no doubt that Samoa is one of the friendliest places for offshore businesses.
One of the most apparent reasons why Samoa is a strategic offshore company location is that it provides great liberty to investors to do as they wish as long as they’re not going beyond acceptable limits. This way, companies are able to enjoy greater access to more business opportunities for a higher return on investment.
Apart from such, Samoa also takes pride in its business-friendly taxing policies. Particularly, Samoa lets offshore business companies experience freedom from high income taxes and other charges such as stamp duties and direct/indirect taxes. So when you are a company owner in the country, taxes don’t feel like they are a burden at all.
But that’s not all that there is with Samoa. Aside from friendly taxes and great business liberty, the country is also situated in a strategic location that provides easy access to potential business markets such as Australia, Hawaii, New Zealand, Fiji, American Samoa, and other business-friendly locations.
So with all these perks and more, Samoa is indeed one of the best locations for business companies. But then again, how does one successfully set up a Samoa company?
Well, first things first. Basically, you have to start by understanding the nature of businesses that are within Samoa’s jurisdiction. You also have to understand the existing rules and policies in the country as far as trading relations are concerned. This is very much important if you are to successfully grow your Samoa company.
It also pays to seek help from a business strategist who has expert knowledge about offshore companies in Samoa. Seeking expert help is always best adviced especially if you are quite new to the idea of offshore businesses. This way, you won’t get lost in the process.
So these are just some of the basic things you need to learn and understand about establishing your own Samoa company. Now, more than ever, is the best time to think about investing in the country as it is unarguably at one of its finest economic times. So get up on your toes now and start planning about your own offshore business in the country.