Comparison Labuan Company with Hong Kong and Singapore For Low Tax
We encourage you to explore Labuan Company tax in details before you register an offshore entity. Although Labuan Company is not 100% tax free for trading activities business, it is overall a winner compared to Hong Kong and Singapore for offshore solutions. In recent years, Labuan is fast becoming the favored jurisdiction in Asia for its combination of tax efficiency and reputation, owing to compliance with international standards on due diligence and transparency. Also with ASEAN soon becoming a single entity, one can expect Labuan as the ideal place to start business due to strategic location with lower cost of operations. Compared to Hong Kong and Singapore.
| General | Hong Kong | Singapore | Labuan |
|---|---|---|---|
| Political Stability | Good | Good | Good |
| British Based System | Yes | Yes | Yes |
| Disclosure of Beneficial Owners | No | No | No |
| Migration of Domicile Permitted | No | No | Yes |
| Chinese Names Allowed on Certificate of Incorporation | Yes | No | No |
| Corporate | Hong Kong | Singapore | Labuan |
|---|---|---|---|
| Min Number Of Shareholders | 1 | 1 Corporate / 2 Individual | 1 |
| Min Number Of Directors | 1 | 2 (1 Resident Director) | 1 |
| Corporate Directors Allowed | Yes | No | Yes |
| Company Secretary | Yes | Yes | Yes |
| Standard Share Capital | HK$10,000 | S$100,000 | US$14,000 |
| Annual General Meeting | Yes | Yes | Yes |
| Registered Office | Yes | Yes | Yes |
| Local Director | Yes | No | No |
| Location Of Meeting | Anywhere | Anywhere | Anywhere |
| Filling Of Directors Info With Registry | Yes | Yes | Yes |
| Filling Of Shareholders Info With Registry | Yes | Yes | Yes |
| Shelf Companies Usually Available | Yes | Yes | Yes |
| Taxation | Hong Kong | Singapore | Labuan |
|---|---|---|---|
| Tax Rate | For 0%-approval required or pay 16.5% | 0 – 17% | 3% Or Max. RM20,000 |
| Audit Report | Yes | Yes | Yes |
| DTA | 29 countries | 70 countries | 74 countries |
| Withholding Tax | No | 15% Tax | No |
| Bank Account In Multi-Currencies | Yes | Yes | Yes |
| Business Visa | Hong Kong | Singapore | Labuan | |
|---|---|---|---|---|
| Above comparison clearly shown Labuan Malaysia is a better option for Off-Shore Company set-up in Asia! | ||||
| 2 Years’ Multiple Entry Renewable Visa | No | No | Yes | |
| Multiple Family Members | No | No | Yes | |
Labuan Jurisdiction is the Best Midshore in Asia! Download Brochure
Explore with us how Labuan Company’s taxation works. Feel free to contact us at contact@labuanbusiness.com or call for appointment at our Kuala Lumpur Office at +603 2161 0354 today! We “simplify the complexities” for your investment in Malaysia!
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