Labuan “mid-shore” jurisdiction is a perfect platform for Asia cross-border trade with lower cost of operation, strategic location with full infrastructure ready for real businesses with substance with 100% foreign ownership, without any local partners involvement. Your paid-up capital can be as low as USD1.00 while enjoying 3% corporate tax rate in a full compliant jurisdiction. The incorporation will take 5 to 7 working days and thereafter, we proceed to bank account opening. Our panel banks consist of local and international banks.
Labuan Tax Efficiency, Common Reporting Standard and Complete Business Solutions are its best-selling points.
The key attractive points are:
1. Tax option of 3% for Labuan Trading Company!
2. Zero tax rate for Investment Holding Company!
3. No GST, Sales and Service Tax!
4. No Withholding Tax!
5. Dividends are tax exempted!
6. Enjoy over 70 tax treaties advantage!
7. Permissible to deal with Malaysian market, corporate tax is 3% tax rate!
8. Many more…!
Common Reporting Standard (CRS)
With the implementation of CRS, businesses are now required to have commercial substance to validate their presence for tax proofing. E.g., Labuan is easily accessible for key decision meetings. Low wage costs from USD300.
Complete Business Solutions in one Place!
INVESTMENT HOLDING COMPANY
FOREX MONEY BROKERING
CREDIT TOKEN BUSINESS
GIFT FOR COMMODITY TRADING
MALAYSIA INTERNATIONAL SHIP REGISTRY
COMPANY MANAGEMENT BUSINESS
ECONOMIC SUBSTANCE REQUIREMENTS
The latest changes on Economic Substance Requirements are as below:
Dormant – not required to fulfill
Pure Investment Holding –1 full time employ & OPEX RM20,000 per annum
Trading – as below
Other trading entity
Labuan entity that carries out administrative, accounting and legal services including backroom processing, payroll services, talent management, agency services, insolvency related services and management services – 2 full time employ & OPEX RM50,000 per annum
The effective date for the revised regulations was 1 January 2019.
For more information on Labuan Business Solutions, you may contact Bestar RW William.