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Company Types
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 of 2 and maximum of 30 members. The minimum number of quota issued should therefore be two and the minimum value for each quota should not less than Mop1000, each subscriber should have at least 1 quota.
However, another type of limited liability company by quotas is also available, Limited Liability Company by a sole Owner. Any natural person can set up his own company with his own capital. This company is formed by 1 quota and consists of 1 single person. This type of company is subject to the same regulations that apply to Limited Liability Company by quotas.
*Quota is a share in a private limited liability company. The rights of transferring is restricted and it prohibit any invitation to the public to subscribe for any shares in the company.
4. Limited Liability Company by shares
A Limited Liability Company by shares has a share capital. The minimum capital is Mop 1,000,000 and the minimum value of each share must be Mop 100 with shares of equal value 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.
Number of Owner | Registered Capital | Form and Realization of Participation of Capital | Compulsive Additional Trade Name | |
Unlimited Liability Company | 2 or above | No maximum and minimum limit | Money or industry | S.N.C. |
Mixed Liability Company by quotas | 1 or above unlimited liability shareholder and 1 or above limited liability shareholder | No maximum and minimum limit | Unlimited liability shareholder and limited liability shareholder are both paid in cash | S.C. |
Mixed Liability Company by shares | 1 or above unlimited liability shareholder and at least 3 limited liability shareholders | Minimum limit: 1,000,000 and No maximum limit | Unlimited liability shareholder paid in cash and limited liability shareholder paid by shares | S.C.A. |
Limited Liability Company by quotas | 2 to 30 persons | Minimum limit: 25,000 and No maximum limit | By purchasing quota of the company, the nominal value of the quota at least Mop1000 or in multiples of 100 | L.D.A. |
Limited Liability Company by sole owner | 1 person | Minimum limit: 25,000 and No maximum limit | Capital of 1 share and the rest is same as Limited Liability Company by quotas | Sociedade |
Limited Liability Company by shares | At least 3 persons | Minimum limit: 1,000,000 | All capital is divided into equal shares and value of at least 100 | S.A. |
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