Labuan Company Formation for Asian Businessmen
The Primary use of an offshore corporation for Asian businessmen:
If you are a Vietnamese or Chinese living outside of your country and operating a business, an offshore corporation can provide significant tax savings and deferral opportunities especially when you are involved in international trades. Labuan off-shore offers the best of both worlds where you can enjoy 2-years multiple entry for you and your family easy entry to Malaysia or reside in Malaysia and, at the same time enjoy Labuan tax benefits. Any dealing with Malaysian residents or companies is permissible but profits from such transections will be subject to local (onshore) corporate tax of 24%.
For Neighboring Countries – Singapore, Indonesia or Thailand:
Good to explore how you can tap on the opportunities for your international trades and operate from Malaysia. The low cost of living is one of the attractions and Malaysia is located just at your border : Making it convenient for you to travel between Malaysia and yours home country！
Labuan Company Formation for Asian Businessmen-Other Benefits
Operating through an offshore company allows you to conduct your business, bank transactions and/or personal financial affairs with maximum tax efficiency and a level of privacy and anonymity.
This is the main reason why many offshore jurisdictions exist: to maximise tax efficiency for the businessmen. Labuan offers one of the best in terms of tax that comes with flexibility where you can elect how you want to pay your tax based on your nature of activity for the year.
Protection for Future Liabilities
Placing assets into an offshore company and incorporated legal structure provides a strong layer of protection from future liabilities.
Privacy is Guaranteed
Holding bank accounts and assets in an offshore company, rather than in your name, maximizes privacy and protection. In Labuan Company set up, all information not in public record and privacy is guaranteed by statute for the company officers, shareholders and beneficial owners.
Contact us at firstname.lastname@example.org or call +603 2161 0354 today to explore in depth how Labuan Company can meet your objectives! We “simplify the complexities” of your business investment.