How Does It Cost Incorporate Labuan Offshore Company

Getting started incorporating a Labuan Offshore Company. The taxes and costs associated with setting up a company in Labuan and a residential address are lowthe minimum paid-up capital for the company needs to be only 1 USD.

Offshore Company Registration In Labuan Malaysia With Benefits Lim Ani Associates

Iii particulars of directors and iv Incorporation fees.

How does it cost incorporate labuan offshore company. Moreover an IBC in Labuan is protected by a series of double taxation treaties signed by Malaysia with countries worldwide. Non-trading companies and dormant companies are taxes in a different manner. Memorandum and Articles of Association foreign Labuan company Nil.

Incidentally the corporate tax rate is only 3 for the other companies. Forming offshore companies can cost anywhere between 1685 in Nevis and 17000 in China depending on where you are incorporating and what type of business structures are being formed. Can act as an Investment Holding Company for assets wealth management and property.

Therefore no income tax levied on foreigners. Besides the payment of relevant fees based on paid-up capital the official documents that should be submitted together with the application are the Memorandum and Article of Association of proposed company consent letter to act as director and the statutory declaration of compliance by the trust company. Excellent confidentiality aspect where any unauthorised disclosure of a clients information can result in a penalty.

Called Labuan Company which in most cases must be companies limited by shares. Lower or No Taxes. Labuan trading company is defined as a company that engages in business activity which includes banking insurance trading management licensing import export consultancy wholesaler agency and commissioner.

Statutory declaration by a Labuan trust company as an agent of a foreign Labuan company. A Malaysia Labuan International Company obtains the following benefits. Please allow 1-2 weeks for corporate kits to be sent.

We have been long in business render expertise in serving only foreigners worldwide in all aspect of business setup and investment in Malaysia and able to serve you with a comprehensive list of Support and Services available to assist you to comply with all legality and up to date information to ensure. The Government fee for form submission is RM6000. Malaysia is a politically stable country.

Offshore non-trading companies do not pay any taxes on income sourced outside of Malaysia. Low Tax The corporate income tax for a company in this special region is only 3 on your profit and in some cases companies are completely exempt from the profits tax. A Labuan company can be incorporation in Labuan IBFC but it must be done via a Labuan trust company.

Thereafter Healy Consultants Group PLC legally incorporates the company by submitting to the Labuan FSA the following. It generally takes 1-2 days to incorporate a Labuan offshore company. Both positions can be held by the same individual.

The bottom line however is that you want the foundation of your offshore company to be strong. Registration of a foreign Labuan company. Besides that 1USD is the minimum share capital for opening an IBC in Labuan.

Labuan Company enjoys a corporate tax rate of 3 while a Labuan Investment Holding company completely 0 tax rate. Here are the cost structures and information relating to setting up a Labuan Company including incorporation and registration fees Fees Schedule for a newly formed Labuan Company Based on the Labuan Companies Act 1990 by the Labuan Financial Service Authority Labuan FSA the registration fees are segregated according to the paid-up capital size of the intended Labuan Company. Type of Company Service fee for 1st year Service fee for year 2 Government fee.

All of these are package costs or prices vary depending on the government filing fees and legal requirements and are all included in the when you pay for the offshore incorporation service. The offshore company in Labuan may be used for trading purposes. The application should be submitted together with the Memorandum and Articles of Association consent letter to act as director statutory declaration of compliance as well as payment of registration fees based on paid-up capital.

I traded several emails with the main lawyer Encik Kamil and also had an hour long skype conversation. The company is registered within eight business days after which we email the Certificate of Incorporation COI to our Client. In general for these types of companies a corporate income tax will apply either with the percentage of 3 or within the limit of RM 20000.

We submit signed documents to IBFC to complete incorporation of the new company. One criticism I hear about Hong Kong companies in particular is that you need to file an audit do some paperwork pay fees and pay extra to claim offshore in Hong Kong. In matters of taxation the 3 rate represents the flat fee imposed on the companys profits generated in Labuan.

Simple set up with only one Director and Shareholder required. In most cases including reservation of name a Labuan Company can be incorporated within 1-2 days. Incorporation of a Labuan company in Labuan IBFC must be done through a Labuan trust company.

Low taxation on profit only 3 or a flat free of RM20000. Ii statutory declaration of compliance by the trust company. A name once reserved is valid for three months.

No travel to Labuan required in order to set up the company. He was adamant to me that I must be registering a real company and not be pursuing this as simply a visa option. Company Limited by Shares.

Return on particulars and changes of directors and secretaries. He has had some companies rejected by the Malaysian government. A Labuan trading company allows business owners to enjoy corporate tax rate as low as 3 on audited profit and permitted to deal with.

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