Benefits Labuan Company
Labuan Structures and the benefit of labuan company .The growth of Labuan IBFC is fuelled by its effective regulatory and supervisory regime, which ensures the stability of the jurisdiction’s financial system. The continual review of Labuan IBFC’s laws and regular revision of its guidelines ensure that the industry remains competitive and relevant at all times.
Labuan IBFC’s comprehensive legal framework, which was updated in 2010, provides for a wide range of legal entities such as companies limited by shares or by guarantee,
Simple Incorporation Requirements
The business structure is a simple one that only requires one director and one shareholder and they can be the same person.
No Financial Requirement
The taxes and costs associated with setting up a company in Labuan and a residential address are low,the minimum paid-up capital for the company needs to be only 1 USD.
Low Tax
The corporate income tax for a company in this special region is only 3% tax for agency services, management services and related services company
Fast Incorporation
The general incorporation of a Labuan company only take 5-7 days and can be accomplished even if the foreign investors cannot be present in Labuan during the entire procedure.
How to establish a Labuan offshore company?
Register Labuan Company in Labuan IBFC must be done through a Labuan trust company .Our firm is a Labuan trust company. 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. Contact us at +60102282261
Labuan trading activities VS non-trading activities
Labuan trading activity includes banking, insurance, trading, management, licensing, shipping operations or any other activity which is not a Labuan non-trading activity. Labuan non-trading activity means an activity relating to the holding of investments in securities, stocks, shares, loans, deposits or any other properties by a Labuan entity on its own behalf.
What is the minimum capital shareholding requirement?
A minimum of one share is required. Apart from this there is no minimum capital requirement, and Labuan companies may issue shares of different classes and of different rights but no bearer shares are allowed. Shares may be denominated in any currency except in Malaysian Ringgit.The minimum number of shareholders in an offshore company is one (1). The shareholder may be an individual, a corporation or a trust company holding the shares as a nominee, or on trust.
