Advantages of Labuan Company Work Permit

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In the recent years, the Malaysian government has made easier for foreigners to form companies and do business in Malaysia avail many opportunities to tap on the rapid economic growth in the Asia Region using Malaysia as the hub. Forming a Labuan International Company is the best option because of its many benefits where foreigners can have 100% ownership, tax is only 3% or a maximum of RM20,000 for trading activities, no tax for investment holding company, and it is not required to set up fully functional office in order to apply for Labuan work permit for you and family. For Labuan Company, you do not need bank in monies for the paid- up capital as oppose to Malaysia Sdn Bhd Company. Start your business in Malaysia with Labuan International Company today to enjoy lower costs of living, peace, stability and tap into the growing economy in Malaysia and region.

The other main advantage is you are able to register your Labuan Company with work permit, all processes can be done while you are in your home country. Once all approvals are successfully obtained, often within 60 days, you and your family can to fly into Malaysia for 3 working days and complete the landing formalities of stamping the visa and opening bank account.

13 Major Advantages of Labuan Company Work Permit Visa as Follows:

• ·         You and your family to travel in and out of Malaysia with the multiple entry visa
• ·         Able to stay in anywhere in West Malaysia and Labuan
• ·         Children can study in International Schools without yearly student visa
• ·         Your parents and in-laws can be included on yearly visa!
• ·         Fast and easy renewal as long as the company’s compliance is updated yearly
• ·         You can open personal bank account of multiple foreign currencies
• ·         You can enjoy 50% tax rebate for managerial position
• ·         Directors’ fee 0% personal income tax
• ·         You and your spouse eligible for personal bank accounts in Malaysia
• ·         You and your family can apply for debit card with Visa or MasterCard
• ·         You can open personal brokerage account for equities trading
• ·         You can convert your driving license to a local Malaysian license
• ·         Fast approval, often within 45 days once your Labuan company is registered
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Advantages of Labuan company work permit offers multiple entry convenience to clients especially for the following nationalities who need to have a valid visa approved by the Malaysia Embassy/Consulate for their each visit to Malaysia:

Bangladesh; India; Pakistan; Sri Lanka; Angola; Burkina Faso; Burundi; Cameroon; Central African Republic; Congo Democratic Republic; Congo Republic; Cote D ‘ Ivoire; Djibouti.Equatorial Guinea; Eritrea; Ethiopia; Ghana; Guinea-Bissau; Liberia; Mali; Mozambique; Niger; Nigeria; Rwanda; Western Sahara; Afghanistan; Bhutan; Colombia; Myanmar; Nepal; China and Taiwan. The requirements also apply to all holders of Certificate of Identity, all holders of Laisser Passer and all Holders of Titre De Voyage.