Labuan Company For ICO LICENSE
With Blockchain technology rapidly being adopted, many existing companies need to be innovative and competent by starting to transit themselves from centralized paradigm to decentralized paradigm in the Blockchain sphere. Businesses with huge clients’ database such as airlines, e-commerce, and telecommunication are trying to adopt creative way with tokenizing their business economy by the issuance of Initial Coin Offering (ICO) for own coin to enhance customers relationship platform to scale up the sales as well as potentially to expand their future products or services.
For new start-ups with new and solid business models, especially birth within the Blockchain or FinTech frames can consider raise fund through ICO. Business models such as token payment system, mobile application credits, building a blockchain-based smartphone, smart contract on real estates deals and blockchain-based data storage are some of the new breed business models from the Blockchain sphere.
Labuan Jurisdiction offers Credit Token License is to legalize your utility ICO making it safer for you to operate without any violation of laws.
For Crypto Exchanges licensed by Labuan FSA authority may also create ICO to raise fund and to tokenomic their business economy for their exchange.
Commercial Substance For Taxing Proof Your Labuan ICO Business!
Labuan not only has a similar time zone for Asia Pacific region and easy access, but it also offers an affordable cost to operate with easily available of offices, staffs and legal professional supports to comply with CRS (common reporting system) and all other regulations. ICO license holder required to have an operational office in Labuan with minimum 2 staffs of annual spending of RM100,000. Marketing Office can be in Kuala Lumpur or Iskandar, Johor.
13 KEY ADVANTAGES LABUAN COMPANY FOR ICO LICENSE
Able to legalize your ICO with Credit Token License
100% foreign ownership, no need Malaysian local partners
TAX only 3% based on Audited Report
ZERO Withholding Tax on Interest, Management Fee, Royalty Fee, and Technical Fee
NO Stamp Duty and GST
NO Import Duty / Sales/ Service Tax
NO Capital Gain Tax and Inheritance Tax
NO Tax on Dividends to Shareholders
Able to access to more than 70 Malaysia Tax Treaty partners
50% Tax abatement for expatriate professionals/managers’ employment
100% Tax exemption for director’s fees for foreign directors
Eligible for two (2) years’ renewal multiple entry work permits for expatriates working under their company to stay in Malaysia
ICO investors can set Labuan INVESTMENT HOLDING to enjoy ZERO TAX
Eligibility To Apply for Credit Token License
1. Current business with three (3) years business profitable track record, OR
A new Start-Up with the new business model within the FinTech/Blockchain Technology frame intends to issue ICO.
2. Business model eligible for tokenization economy
3. Minimum proof of fund USD100,000. Paid up capital required: RM300,000 after approval obtained
Approval timeline: Approx. 45-60 days. Yearly license fee: RM40,000 (USD 10,000).
We provide total complete solutions for Labuan ICO License company application:
- Advisory, crafting Business Plan, Operation System manuals, AMLAH/KYC frameworks and all other documents required by the relevant authorities
- Due diligence, preparation of all necessary documents for the application form submission to approval follow-up including arranging an interview with Labuan FSA (if any) and compliance officer qualifying
- Set up the right company structure after approval
- Compliance Operation Reporting
- Acting as a liaison person
- Bank account set up onshore and offshore
- Operation office set up @ Labuan
- Marketing office set up @ Kuala Lumpur/Iskandar
Feel free to enquire with us for more on Labuan Company For ICO LICENSE for your eligibility by emailing us at firstname.lastname@example.org. We ‘simplify the complexities’ doing business in Labuan.