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Labuan company

Formation of Labuan company

Labuan IBFC

Labuan trust company

Labuan offshore company

Incorporation of Labuan company


Quick Fact Sheets on Labuan Companies

Confidentiality

Yes

Public disclosure on beneficial owner's info

No

Minimum director

One

Minimum shareholder

One

Must a director be resident of Malaysia

No

Are corporate directors/shareholders allowed

Yes

Are nominee directors/shareholders allowed

Yes

Location of Meetings

Anywhere

Resident secretary required

Yes

Share capital currency

Any except MYR

Minimum paid-up share

One

Bearer shares

Not permitted

Who can own a LC

No restriction of ownership

Accounts to be prepared   

Yes

Requirement of audit

No, except for licensed entity

Filing of annual return

Yes

Filing of tax returns

Yes

Taxation rates :

 

Labuan trading activity

3% of net audited profits or RM20,000

Labuan non-trading activity

Nil

Withholding tax

Exempted

Tax on Foreign Sourced Income

Exempted

Stamp Duty charged on documentation

Exempted

Exchange Control Restriction

None

Business transaction in MYR

Not Permitted except for defraying admin expenses

Migration of Domicile

Yes

Timeframe for Incorporation

1-2 days

 

Features of Labuan IBFC

  • highly flexible tax framework
  • progressive legislative environment
  • competitive pricing structure
  • strategic location
  • well developed infrastructure with satellite telecommunication
  • political stability
  • low cost of operation
  • shares the same time zone with other major Asian cities

Pertinent Guidelines / Information Issued by Labuan FSA

Labuan Companies

Labuan Bank & Investment Banking

Labuan Insurance & Insurance Related Company

Capital Market

Labuan Limited Partnership

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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