Guide to Set Up Marketing Office for Labuan Company
All Labuan companies can set up their marketing offices in Kuala Lumpur and/or Iskandar Johor, with the exception of Labuan Commodity Company (GIFT) which is permitted to set up office any where in Malaysia. Labuan companies having Marketing Office in Kuala Lumpur can set up additional Marketing Office in Iskandar Johor.
All Labuan companies, prior to your application for marketing office, you must set up your management office in Labuan. Labuan Commodity Company (GIFT), insurance brokers and captive able to enjoy the waiver of management office requirement in Labuan.
The role of a Marketing Office is limited to facilitate meetings with clients and to establish contacts with potential clients. There should be no maintenance of books and records (including trading activities) through, from or in the Marketing Office.
The Guide to Set Up Marketing Office for Labuan Company required the following for application:
1. Three(3) years’ Business Plan including financial forecast
2. Organisation Chart with maximum four (4) staffs
3. Propose location and address
4. Resume of the managerial staff at the Marketing Office
Operational requirement of the Marketing Office:
1. An address with office of separate door, independent from other entities
2. A proper signage contain company name, registration number, license no (if any)
The propose office has to have space concealed and with own door access. The size of the office is flexible as long as it is able to fit the number of staffs with sufficient working area. Approval by Labuan FSA for Marketing Office, often takes 30-45 days. Upon the approval, the Marketing Office fee of RM7,500 is payable to Labuan FSA. For subsequent year, the Marketing Office fee is to be paid by every 15 th JAN.
Feel free to speak to us of your needs by calling us conveniently at our Kuala Lumpur office at +603-2161 0354 to serve your better. We provide total solutions from setting up your management office and the marketing office. The application is only available to our existing clients. We “simplify the complexities” of your Labuan business. Feel free to send us your enquiry form for setting of Marketing Office today!