Macau Offshore Bank Account

macau offshore banking

Find out about all the banking conditions and learn about opening a Macau bank account. You will find details on the laws and regulations that govern the banking system, as well as a list of local and international Macau banks.

   We currently cannot assist with Macau bank account opening. Choose from our other Offshore Jurisdictions.


The Macau Banking System

The Monetary Authority of Macau (AMCM) was established in 1989 with the function of a quasi-central bank and the power to supervise the financial system of Macau. The Financial System Act was promulgated in 1993 with the introduction of reforms placing great emphasis on preventative actions, highlighting particularly prudential rules for controlling entry requirements, monitoring the suitability of qualified shareholders and managers, new operating risks and consolidated supervision of financial groups. The Act adopts the recommendations of the Basle Committee on Banking Supervision and the efforts of the European Union to achieve harmonization in banking legislation while drawing on the experiences of countries and territories whose financial systems are similar to Macau’s.

Under the Financial System Act, the following licenses are granted on a case by case basis with the special and prior authorization of the Chief Executive of Macau SAR, on advice from AMCM: –

a) incorporation of credit institutions in Macau;
b) opening of branches in Macau of credit institutions incorporated overseas;
c) setting up of subsidiaries and opening of branches and representative offices overseas by credit institutions incorporated in Macau and
d) setting up of financial intermediaries and financial institutions other than credit institutions, excluding those regulated by special legislation.

In addition, under Decree-Law no. 58/99/M of 18th October 1999 of Offshore Service Regime, banking licenses will also be granted subject to prior authorization of the Chief Executive of Macau SAR, on advice of AMCM.

At present, there are 27 banks, out of which 12 are locally incorporated (including the postal savings office) and 15 are branches of overseas banks. With the exception of three off-shore banks, all the banks in Macau are retail banks with full banking license. In addition, there is a finance company, with restrictive banking activities, which was authorized under Decree-Law no. 15/83/M of 26th February; and a non-bank credit institution, which dedicates to the issuing and management of the electronic money stored value card services, was authorized under Decree-Law no.32/93/M of 5th July.

The following banks are licensed to operate in Macau:

  • Wing Hang Bank Limited
  • Delta Asia Bank Limited
  • China Construction Bank (Macau) Corporation Limited
  • Seng Heng Bank Limited
  • Banco Comercial de Macau S.A.
  • The Macau Chinese Bank Ltd
  • Banco Espírito Santo Asia Limited
  • Banco Nacional Ultramarino (BNU) Macau
  • Banco Weng Hang S.A.
  • HSBC Macau
  • Luso International Banking (LIB) Ltd
  • Tai Fung Bank Ltd

To see our available offshore bank account jurisdictions we can help you with, view our Bank Account Opening page.

Contact Us today to enquire about our offshore banking services we offer.