IPIM

澳門特別行政區招商投資促進局

Instituto de Promoção do Comércio e do Investimento da RAEM

Commerce and Investment Promotion Institute of the Macao SAR

Financial Institution Licence

Financial Institution Licence

Licensing Requirements / Criteria

The institution to be incorporated as a local credit institution must be a public limited company. The main requirements regarding company capital and administrators are as follows:

  1. The minimum capital requirements for founding a bank and restricted licence bank are MOP 300 million and MOP 100 million respectively.
  2. Upon incorporation, the registered capital of the institution must be fully paid up in cash with half of the capital deposited at Monetary Authority of Macao (AMCM) or other institutions specified by AMCM, for the disposal of AMCM.
  3. The board of directors must have a minimum of five (5) persons with recognised suitability, and at least three (3) of them must have habitual residence in Macao, and at least one (1) of them must be a Macao resident.
  4. The Supervisory Board must have a minimum of three (3) persons with recognised suitability, at least one (1) of them must be a practising accountant.

Licensing Requirements / Criteria

  1. The proposed institution must be established as a branch of the overseas institution. Foreign credit institutions must allocate to their branches no less than 50% of the minimum capital required for the establishment of local credit institutions in cash as operating capital (i.e., in accordance with the minimum operating capital requirements for bank branches and restricted licence bank branches, MOP 150 million and MOP 50 million respectively).
  2. Within six months from the date of issuance of the branch-opening permit, the foreign credit institution must deposit at least half of the above-mentioned capital at Monetary Authority of Macao (AMCM) or other institutions specified by AMCM, for the disposal of AMCM.
  3. The management of the branch must be ensured by at least two (2) persons with recognised suitability, sufficient professional experience and the authority to effectively manage the branch, and who have their habitual residence in Macao.

Licensing Requirements / Criteria

  1. An investment fund management company must be incorporated as a public limited company. With proper justification, it may be incorporated by a single shareholder, and it is not required to indicate its single-shareholder nature in its business name.
  2. The minimum capital requirement is MOP 3 million; if the company also engages in other asset management businesses, the minimum capital requirement shall be MOP 5 million.
  3. Upon incorporation, the registered capital must be fully paid up in cash.
  4. The board of directors must be composed of at least three (3) persons with recognised suitability, of whom two (2) must have habitual residence in Macao.
  5. The Supervisory Board must have recognised suitability, at least one (1) of them must be a practising accountant.

Licensing Requirements / Criteria

The financial company must be a public limited company. The requirements regarding registered capital and administrators are as follows:

  1. The minimum registered capital is MOP 100 million;
  2. Upon incorporation, 50% or more of the capital should have been paid, and at least 50% of the paid amount must be paid up in cash with half of the capital deposited at Monetary Authority of Macao (AMCM) or other institutions specified by AMCM, for the disposal of AMCM.
  3. The board of directors must have a minimum of five (5) persons with recognised suitability, and at least three (3) of them must have Macao as their habitual residence, and at least one (1) of them must be a Macao resident.
  4. The Supervisory Board must have a minimum of three (3) persons with recognised suitability, and at least one (1) of them must be a practising accountant.

Licensing Requirements / Criteria

The financial leasing company must be a public limited company or a limited company. The requirements regarding registered capital and administrators are as follows:

  1. The minimum company capital is MOP 10 million;
  2. Upon incorporation, the share capital of the company should be fully subscribed to and fully funded in cash;
  3. The personnel of the administration authorities must have the appropriate ability, qualifications and experience to hold the position, and at least one (1) person must have Macao as their habitual residence and have the authority to effectively run the business of the Company.

(Competent department: Monetary Authority of Macao)