How To Set Up Your Own Company In Labuan

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. Prior to the start of the engagement Tetra Consultants will advise on the optimum paid-up.

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Labuan company incorporation is straightforward and can be completed in four weeks.

How to set up your own company in labuan. Labuan offshore company is one of the major offshore jurisdictions located in the Asia region. No exchange control restrictions for Labuan Offshore Company. How to Set Up a Business in Labuan.

You can choose a tax system that fits your business plans either pay 3 tax or pay a fixed 6000. 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. However for non pure equity holding company require an operational office in Labuan with a minimum of 2 staff with minimum annual spending of RM 20000.

Business nature and structure of the Company to align with tax and compliance. Call us now at 6018 7777 938 to set up an appointment with our business consultants in Labuan. Labuan offshore companies are taxed at just 3 annual net profits.

Both shareholder and director can be non-Malaysian. Labuan IBFC has low. Therefore No tax penalty for differences above 30 on estimate tax payable and actual tax paid.

Alternatively you can incorporate your company without traveling to Labuan. 3E Accounting Team is a professional team that provide a one-stop-solution which include accounting taxation secretarial and marketing for you to setup your company in Labuan. Currently the new set up for pure equity holding company dont require any staff in Labuan but require a minimum annual spending of RM 20000.

Alternatively you can incorporate your company without traveling to Labuan. The steps for starting business in Malaysia through a Labuan company include. This is because it takes up to a few weeks to set up the account.

The applicant must be aware of the legislative framework of Labuan IBFC and the powers and duties of a Labuan company and its members under the Labuan Companies Act 1990 LCA. Labuan Company able to issue 2 years work permit. However the company must submit financial statements for an annual independent statutory audit.

CoLtd Limited Ltd Labuan LLC or Inc 3. A little more attention should be paid when opening a bank account for an international company in Labuan. Here are the 5 simple steps how to set up Malaysia Labuan Offshore Company.

The first step to open an account for a Labuan international company is to. Tetra Consultants will provide recommendations on the suitable type of entity catering to your business objectives and activities. You dont have to jump-start a business but engage with us we will help you to setup Company for you.

Our Client is not required to travel during the engagement. 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. Business nature and Structure of the Company to align with tax and compliance 2.

Our incorporation team can offer our client in-depth understanding on Labuan company advantages as well as. No Tax Installment Payment. Labuan is strategically located providing an ideal gateway for your company to tap into and grow your business in Asia Pacific and beyond.

Businessmen around the world incorporate Labuan company due to its tax competitive advantage which is just 3. As our client you will benefit from the joint expertize of local lawyers and international consultants. Setting up an offshore company is easy requiring i US1 of share capital ii one shareholder and iii one director.

It may take 2 to 5 working days to deliver the company kit after your company is incorporated. Incorporation of a Labuan company in Labuan IBFC must be done through a Labuan trust company. Bank account opening Serviced office license or Trademark application can be subsequently fulfilled at this time.

Call us now at 6018 7777 938 to set up an appointment with our business consultants in Labuan. Labuan Companies do not need to submit tax estimation. Planning to set up or further expand in Labuan.

Our local representative will complete all mandatory steps from A to Z. No sales tax VAT custom duties and stamp duties. Decide your Company identity- please propose 3 names to check for availability and decide on suffix to be used.

Stable law hence stable corporate tax. Therefore No penalty for late payment of tax for Labuan Company. Once your personal profile and your objective for setting up the Labuan Company have passed the required due diligence we will recommend you the right entity and guide you each step to set up Labuan Company in Malaysia successfully as follows.

Tetra Consultants will assist you in the Labuan company incorporation procedure by adhering to the following steps below. Only requires minimum of 1 paid up capital. The applicant must appoint a licensed Labuan trust company which should conduct its own due diligence on the prospective client.

Download our Labuan business expansion guide to learn more. Send the company kit to your address Your companys original documents will be sent to your provided address via mail DHL TNT FedEx. As our client you will benefit from the joint expertize of local lawyers and international consultants.

Register your Labuan company.

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