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 Labuan as a federal region. Today, it is an international offshore financial center issued by the Companies Act and in the same year the establishment of offshore Labuan Offshore Business Activity legislation to ensure that Labuan offshore companies enjoy a professional and quite flexible corporate structure.
The Advantages of Register Labuan Company
• 100% Ownership and Control by Foreigners
• Corporate Tax rate of 3% on audited Net profits / a maximum tax of MYR 20,000 regardless of your company turnover.
• No Corporate Tax for Investment Activities.
• No Sales Tax and No Government Service Tax.
• No Goods & Service Tax (GST) or Value Added Tax (VAT).
• No Capital Gain Tax.
• No Withholding Tax for payment of Royalty, Lease Rental, Interest Income, Technical Services or Management Fee.
• No tax on dividend remitted back to home countries.
• Required to complete management account, audit and taxation each year
• No Personal Income Tax on Director Fee received from Labuan Company by Non-Malaysian Citizen Director.
• Non-compulsory of Audit (Except for license activities such as Banking, Insurance and Funds Management which must be audited).
• Protection of Private and Confidential Information. Company search by any third party is not available unless written authorization letter obtained from the Company Director or Shareholders.
• Able to issue work permit from Labuan and thus allowed to stay and work anywhere in Malaysia.
• No exchange control restrictions.
• Low operation costs such as rent, work force compared to other major cities in Asia.
• Strategic located and proximity to several regional financial centers such as Singapore and Hong Kong.
• Time zones proximity for Asian, North Asia, Australia and New Zealand.
• Can open company bank account in everywhere.
• 2 years renewable multiple-entry Business Visa available for you and your family with children age below 21.
• Your parents can be included in the 2 year Business Visa
• Time zones proximity for Asian, North Asia, Australia and New Zealand
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours China hotline：86-755- 36990589;