Labuan, a special region of Malaysia, which is also considered 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. Our company formation specialists in Malaysia (call/ Whatsapp +6018 777 7938) can offer an in-depth understanding on the Labuan business environment as well as legal assistance for the registration of a new business.
TAXATION REGIME IN LABUAN, MALAYSIA
The taxation of a company registered in Labuan is performed in a different manner. The Labuan companies follow the rules and regulations of the Labuan Business Activity Tax Act, which prescribes a 3% tax on the company’s income. Another option is a fixed tax of MYR 20,000 (Approx USD4500- USD5000). The business owners can choose which system fits better with his business plans. However, it is important to know that those who choose the second option are not required to perform audit activities. Our team of company incorporation representatives in Malaysia (call/ whatsapp +6018 777 7938) can offer more details on the corporate taxation applicable in Labuan.
Investors can also set up a company in Malaysia with non-trading activities (holding company), which is fully exempted of the corporate tax.
Interested business owners should also know that, in this jurisdiction, sales tax, value added tax, custom duties and stamp duties are not applicable.
COMPANY INCORPORATION IN LABUAN, MALAYSIA
Foreign investors who want to open a company in Labuan, Malaysia should know that the company can be 100% foreign ownership. It can be incorporated by only one shareholder and one director, where the director can be the same person as the shareholder. Corporate director is allowed in Labuan.
The minimum share capital of a Labuan company is USD1 and the registration procedure is simple and it can be performed without the presence of the shareholder in the country.
Businessmen interested in receiving more details on the main reasons to establish a business in Labuan can address to our team of company formation agents in Malaysia (call/ whatsapp +6018 777 7938) for assistance.
Your All-In-One Solution
✓ Company Registration
✓ Business License Application
✓ Labuan Business Director’s Visa
✓ Visa Application For Dependents
✓ Landing Procedure & Banker Interview
✓ Renewal Of Business Visa
We’ll provide a hassle-free assistance that will cover all aspects of your Labuan business formation in a prompt, trusted, and reliable manner. As we have been setting up offshore companies in Labuan since 2004, you can trust in our industry know-how and expertise.