Advantages of Labuan Company Work Permit
In the recent years, the Malaysian government has made it easier for foreigners to form companies and do business in Malaysia. This created many opportunities to tap into the rapid economic growth in the Asia Region using Malaysia as the hub. Forming a Labuan International Company is the best option because of its many benefits where foreigners can have 100% ownership, corporate tax is only 3% or a maximum of RM20,000 for trading activities and no tax for investment holding company. Start your business in Malaysia with Labuan International Company today to enjoy lower costs of living, peace, stability, and tap into the growing economy in Malaysia and the surrounding region. Advantages of Labuan Company Work Permit
The other main advantage is that you are able to register your Labuan company with a work permit. The application may begin while you are abroad, in your home country. Once all approvals are successfully obtained, often within 90 days, you and your family must fly into Malaysia for 3-5 working days to complete the landing formalities of visa stamping and the opening of bank account.
13 Major Advantages of Labuan Company Work Permit are as follows:
You and your family may travel in and out of Malaysia with the multiple entry visas with ease
Able to stay in anywhere in West Malaysia and Labuan
Children can study in International Schools without yearly student visa
Your parents and in-laws can be included on yearly visa!
Fast and easy renewal as long as the company’s compliance is updated yearly
You can open corporate bank account of multiple foreign currencies
You can enjoy 50% tax rebate for managerial position
Directors’ fee enjoy 0% on personal income tax
You and your spouse eligible for personal bank accounts in Malaysia
You and your family can apply for debit card with Visa or Mastercard
You can open personal brokerage account for equities trading
You can convert your driving license to a local Malaysian license
Fast approval, often within 45 days once your Labuan company is registered
Advantages of Labuan Company Work Permit- Multiple Entry Convenient to Malaysia via Labuan
Advantages of Labuan company work permit offers multiple entry conveniences to clients especially for the following nationalities who need to have a valid visa approved by the Malaysia Embassy/Consulate for their each visit to Malaysia:
Bangladesh.India.Pakistan.Sri Lanka.Angola.Burkina Faso.Burundi.Cameroon.Central African Republic.Congo Democratic Republic.Congo Republic .Cote D ‘ Ivoire.Djibouti.Equatorial Guinea.Eritrea.Ethiopia.Ghana.Guinea-Bissau.Liberia.Mali.Mozambique.Niger.Nigeria.Rwanda.Western Sahara.Afghanistan.Bhutan.Colombia.Myanmar.Nepal.China and Taiwan. The requirement also applies to all holders of Certificate Of Identity, all holders Of Laisser Passer and all Holders Of Titre De Voyage.
Immigration Malaysia at all checkpoints have the right to deny entry of a tourist to Malaysia, hence having a Labuan company work permit, a valid visa will help to avoid any inconveniences caused.
Bank Account Opening For Your Labuan Company
From time to time, the bankers’ policies may change with the requirement of the foreigners as bank signatories to have a valid visa under his own company, to open your Labuan company bank account. As such, you may need to apply for the Labuan work permit visa to facilitate the opening of the bank account. After all, without a bank account for your Labuan company, it is pointless to own a Labuan company.
We Serve You from Kuala Lumpur at Your Convenient!
For your onward visa renewal, our office in Kuala Lumpur can conveniently serve and support you on all your needs without your physical presence in Labuan. Our Support and services rendered to you also apply to all company matters in relation to compliance, accounting and taxation advisory, etc. You are not required to be in Labuan to perform these tasks.
To-date, our team has served more than 60 different nationalities for visa applications of various types of work permits with Malaysia immigration department including Malaysia My Second Home 10 years’ residency program. Nothing shocks us when it comes to the different format of documents required to obtain successful approval. Initiating the opening of the various files with the authorities and getting your application done correctly from very beginning is important for smooth renewal for the onward years. We assure all our clients with full guidance every step of the way to meet their objectives in Malaysia.
We are expert in assisting foreigners in residency settlement and business investment in and out of Malaysia. Feel free to visit www.MalaysiaBizAdvisory.com for complete information on local Malaysian Sdn Bhd opportunities. For Malaysia My Second Home 10 years visa program, please visit www.MigrateMalaysia.com. Advantages of Labuan Company Work Permit
Feel free to call us at our Kuala Lumpur office +603 2161 0354 to find out more information on your eligibility to set up Labuan Company. We “simplify the complexities”.