Labuan

Learn more about Malaysia.  

  • Introduction

Labuan, a special region of Malaysia, which is also one of the most important offshore centre in the Asian region. Over the years, Labuan attracted a huge numbers of businessmen around the world opening companies in Malaysia, as the business environment is very appealing in terms of taxation, ownership policies, incorporation procedures and many others.

Below are the advantages of a Labuan Company. Our company formation specialists in Malaysia can offer an in-depth understanding on the Labuan business environment as well as legal assistance for the registration of a new business in Labuan.

  • Advantages

  1. No corporate tax for investment holding.
  2. No audit requirement for investment holding.
  3. No sales tax
  4. No government service tax.
  5. No goods and service tax (GST) or value added tax (VAT).
  6. No capital gain tax.
  7. No withholding tax for payment of royalty, lease rental, interest income, technical services or management fee.
  8. No tax on dividend remitted back to home countries.
  9. No stamp duty for the execution of all instruments related to the operations of a Labuan Company.

  • Requirements

Documents required / incorporation checklist (other documents might required if from high risk jurisdiction):

    • Passport as proof of Identification ( duly certified by a Notary Public / Lawyer /Commissioner for Oaths, Auditor/ Accountant / CPA)
    • Bank Statement or Utility bills as proof of address (duly certified by a Notary Public / Lawyer / Commissioner for Oaths, Auditor/ Accountant / CPA)
    • Filled company registration form

 

  • Timeline

1-2 weeks for incorporation; and also 1-2 weeks for bank account opening. For Initial deposit of account is USD10,000

 

 

If you’d like more information about Malaysia incorporation and quotation, please Contact Us.