Redomicile Guide to Labuan Jurisdiction
Labuan Jurisdiction is one of the destination you should consider to re domicile for your business! Labuan unlike other jurisdiction may attract a lot attention of the tax authorities due free of compliance and no tax return! Having an entity in Labuan required yearly compliance duties of submission of annual return to Labuan Finances Services Authority (LFSA) and tax returns to the Inland Revenue Board. This gives legitimacy of your set-up to run peacefully!
10 main reasons why you should choose Labuan Jurisdiction:
1. Labuan is a mid-shore jurisdiction which allows you target international and local Malaysia market for business
2. Labuan location is strategic within Asean where the economy growth is and share common time zones with most of part of Asia
3. Labuan is well established and complete infrastructure to assist your business growth and create affordable substance for your business continuity
4. Labuan has a robust regulatory framework which is regulated by Labuan Financial Authority with common law practice
5. Labuan provides complete range of entities from trading business, investment structures for cross border, international transactions to wealth management vehicles
6. Labuan provide both conventional and Islamic Syariah compliance for banking and wealth management to suit your needs
7. Labuan is a well regulated location for private wealth management for trusts, foundation, limited partnership and private trust companies
8. Labuan adopts a simple tax framework under the Labuan Business and Tax Act (LBATA):
9. Labuan does not impose withholding taxes on payments to non-resident persons for payments of dividends, interest, royalties and directors’ fees
10. Malaysia is one of the widest country with access to more than 70 tax treaties partners to enable you to save further tax.
Labuan redomiciliation allows your company to maintain the same legal entity. Labuan FSA generally accept most of prominent jurisdictions on redomiciliation. Check out with us on your profile for redomiciliation for acceptance by Labuan FSA. Send us your enquiry today! We simplify your investment in Labuan!