Malaysia Hotline: +603-2141 8908
Wilayah
Persekutuan Labuan, referred to as Labuan. Labuan is an island affiliated with
Malaysia. Labuan companies are registered under the Labuan Company Act of
1990. The registered companies in Labuan allow for business in Labuan or
through Labuan Island, and enjoy favorable conditions for taxation.
The advantages of register a company in
Labuan
1. Registered
companies in Labuan can develop multinational business and enhance corporate
image
Today's enterprises often use multinational
operations to enhance corporate strength and expand business areas. The
establishment of an overseas offshore company is a shortcut for companies to go
global, develop multinational businesses, and enhance their international
image.
2. Easy company
management
The Labuan registered company does not need to hold
a general meeting of shareholders and the board of directors every year. Even
if it is held, its location can be arbitrarily selected. The company's
management program is simple; you can go easy and put all your energy into the
company's business management.
3. Registration
information and documents are highly confidential
In order to attract foreign companies to Labuan, the
share capital of the registered company, the list of directors and even the
company's business nature can be kept confidential, which makes the company's information
highly confidential. The
company's shareholder status, register of directors, ratio of shares, and
income status are highly confidential and protected by law and are not accessible
to the public.
4. No business
scope and area restrictions
In addition to individual restrictive industries,
such as banking, insurance, military, etc., Labuan business scope is almost
unlimited. In addition to the registered business area, the company can conduct
business and operations in any country in the world.
5. No restrictions
for investors, shareholders, and directors
Labuan Company has no restrictions on the
nationality and assets of shareholders and directors. Labuan Company can accept
legal persons as directors of the company.
Labuan company
tax
1. Double Tax
Agreement (DTA)
In
general, overseas registered countries with zero tax rates, such as BVI or
Cayman, have no way to sign double taxation agreement with any country,
commonly known as the DTA (Double Taxing Agreement). Advantages like Labuan are
rare in the world. Labuan's
3% net profit tax pays indirectly to maintain the flexible use of the tax
treaty. Moreover, the holding company does not need to pay taxes in Labuan,
which greatly enhances the attractiveness of Labuan. To further
protect entrepreneurs, Labuan did not claim to be a Tax Haven but a Strategic
Tax Planning Centre.
2.
Labuan
Company can enjoy excellent tax benefits
a)
Labuan
non-trading company: This type of business activity is tax exempt according to
Labuan tax regulations;
b)
Labuan
trading company: Engaging in commercial activities other than holding
investment, such as: trade, consulting management, insurance trust, etc., need
to pay 3% corporate profits tax, and must submit annual financial audit report.
c)
For
companies that do business with Malaysian companies, a 25% corporate tax must
be paid (not recommended);
d)
No
stamp duty, value added tax, consumption tax, service tax, withholding tax;
e)
No
foreign exchange control regulations, the funds can flow freely.
The
Labuan International Business Finance Centre in Malaysia has a simple and
attractive tax system. Its flexibility and low taxation have attracted a lot of
foreign investment in Labuan. For investors who want to enter the Malaysian
market, Labuan is definitely your best offshore company option.
Tannet offers
the following services:
1.
Labuan
Company Registered Secretarial Service - provides Labuan's operating address
and registered address service; at the same time, it can provide answering
calls, receiving faxes and mail services.
2.
Labuan
Company Registration Follow-Up Service - annual report must be submitted to the
government and the fee must be paid to confirm and update the registration
information to ensure the company is legal. The company tax will generate 3% of
the total profit to the Labuan Financial Services Authority, which must pay
taxes every year.
3.
Bank
Account Opening Service - Tannet can arrange for customers to open a bank
account in Labuan.
If
you want to invest in or register a company in Labuan, Tannet will be your
first choice, because Tannet is familiar with Labuan company registration and
can provide you with a practical solution. For further enquiries, please feel
free to call the Tannet Service Hotline at 603-2141 8908 or email
tannetmy@gmail.com, Malaysia Company Address: Unit 6.06, Level 6, Amoda 22 ,
Jalan Imbi, 55100 Kuala Lumpur.