Open an Offshore Company in Labuan

Updated on Wednesday 14th September 2016

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An offshore company refers to a business which is incorporated outside the country where the investors reside. Labuan (officially referred to as the Federal Territory of Labuan) is a region of Malaysia, where foreign investors are welcomed to register their businesses set up as offshore companies, as the territory represents one of the most important offshore locations available in Malaysia. Businessmen interested in company formation in Malaysia can receive assistance on this matter from our team of company incorporation representatives in Malaysia
 

The main advantages of setting up an offshore Labuan company 


Since the region developed as a main centre for the domiciliation of offshore businesses, Labuan provides an attractive taxation system, alongside with a simpler incorporation procedure

One of the key aspects for the company registration in Labuan, Malaysia, refers to the fact that the local legislation allows full foreign ownership. Moreover, the company can be formed by only one person, who can act as a shareholder and as a director. 

The registration procedure can be completed in a period of two weeks and the investor is not required to be physically present in the country, as it would be the case for other types of companies available here. 

Although most of the companies operating on the Malaysian market require a business permit or license to conduct their activities, in the case of a Labuan offshore company, the investor will not need a permit for the following domains: 

•    trading
•    e-commerce;
•    import and export activities;
•    consultancy services. 

Businessmen who need advice on company formation in Labuan can receive assistance from our team of company incorporation agents in Malaysia


Taxation applicable to a Labuan offshore company 


The taxation system applicable in Labuan is very attractive, as it does not impose the withholding tax on: 

•    dividends;
•    interest;
•    royalties.

The taxation on the profits of the company (registered as a trading company) is at a rate of 3%, while the paid-up capital is set up at RM 25,000, if the investor applied for a business visa. 

Entrepreneurs who need assistance for the incorporation of an offshore company in Labuan can contact our team of company formation consultants in Malaysia.  

Comments

Irene

August 31, 2016

I am interested to receive assistance for obtaining a business visa in the region of Labuan. Thank you.

Hello, you can send us your request via e-mail at office@lawofficemalaysia.com and one of our specialists in company formation will answer you.

Terence Tham

September 19, 2017

Hi there, Can you pls quote us your price for incorporating an offshore company with opening of bank account in Labuan together with your local admin charges for us to consider? Thanks, Terence Tham



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