FAQ on LABUAN PRIVATE FUND
Unsure if Labuan Private Fund able to meet your objectives to raise fund for your projects. Look no further. FAQ on Labuan Private Fund is the answers to your most pressing enquiries!
What kind of entities I can register the Labuan Private Fund?
Can the investors be Malaysian residents?
Yes, they can be Malaysian individuals and corporate. However, the income derived their investment will be subjected to local Malaysia tax rate of 24%. The account has to be audited to file with the Inland Revenue- Local Department
Can Malaysians set up a Labuan Private Fund?
Who can invest in the Labuan Private Fund?
Labuan entities, foreign individuals and corporate. The profit tax will be subjected to Labuan Business Tax Act of 3% with audited report or pay flat fee of RM20,000 with only management account
Can I promote Labuan Private Fund openly to all Malaysians?
Is it a must to have Fund Manager and Custodian?
Labuan Private Fund can be Shariah compliant?
Is it a must to have financial reports to be audited?
Can I have my Marketing Office in other parts of Malaysia?
What is the personal tax benefits for foreigner directors and employees?
Director’s fees are fully tax exempt for the Directors. Managerial posts the expatriates employment will enjoy 50% tax rebate on their salaries.
These incentives are applicable up to Year Assessment 2020.
Can the company apply for work visa for the employees?
What must I do when the closed-end Labuan Private Fund expired?
How many fund type can I have under a Labuan Private Fund?
One investment objective per company. It can be open-ended or closed-ended with fund size unlimited.
Can I also issue Preference Shares to raise fund for Labuan Private Fund company?
Can I list my profitable Labuan Private Fund?
Yes, most exchanges like HKex, SGX and Australia recognised Labuan entities for listing.
The investment to be promoted has to be foreign currency?
Can Labuan Private Fund invest in Malaysia projects and companies?
When can I promote my fund?
Once you have obtained the approval of the Memorandum of Information.
How long is the approval processing for Memorandum of Information?
What is the annual compliance of Labuan Private Fund?
Can Labuan FSA strike off the Labuan Private Fund?
Send us your enquiry if you decided to start the Labuan Private Fund, it is easy and straight forward!