Every company have to complete the annual filing compliance as regulated by the local relevant authorities such as file annual return, held AGM, keep a proper record of accounting and information in the registered office and etc. Fail to comply all this annual procedure, the company and every officer of the company who is in ...

Labuan Company Registration is a hot choice for foreign investors to setup and extend business in oversea. It located at the hub of the island, with Singapore, Hong Kong and Tokyo coexistence at the same time zone, making it a very convenient area, Georgia tax havens. The Government of Malaysia in April 16, 1984 announced ...

For Labuan work permit application under Labuan Trading Company, applicant must fulfill the following criteria: 1) The expatriate shall be paid a minimum salary of RM 10,000 per month or its equivalent in any foreign currency. 2) The application for work permit should be in respect of the following positions in Labuan entity as specified ...

The federal territory of Labuan is a group of tropical islands off the coast of Sabah and was established as Labuan International Business and Financial Centre (Labuan IBFC) to attract international financial activities.  Right from the start, the Malaysian Government had taken pains to avoid the label 'tax haven' for Labuan, and had been vigilant ...

An offshore bank account is an account with a bank located out of the country of residence. More specifically, it refers to bank accounts open at overseas where away from the applicant's principal country. Tannet offers a full range of offshore banking services, bank accounts with internet banking, credit or debit card facilities which guarantee ...

Labuan Offshore Activities An Offshore Company (or an Offshore Foreign Company) is only permitted to carry on business in, from or through Labuan. An Offshore Company may not: carry on business with a resident of Malaysia except as permitted by the Offshore Banking Act 1990; carry on the business of Banking or Insurance or such ...

Labuan Taxation Malaysian External Investment “The Malaysian Satay” was the name given to a corporate structure which has traditionally involved the ownership of a foreign subsidiary by a resident Malaysian holding company which is in turn 100% wholly owned by an offshore Labuan parent corporation. In this structure, reduced rates of foreign withholding tax obtainable ...

Introduction Of LABUAN n April 2009, Malaysia (Labuan) was added to the Organization of Economic Cooperation and Development’s new ‘blacklist’ of jurisdictions which had not committed to implementing the internationally agreed standard in tax transparency. The list, was published on April 2, following the G20 London Summit and was issued at the same time as ...