LABUAN CRYPTO EXCHANGE LICENSE
Labuan Jurisdiction welcome anyone who is interested to set up a Compliant Cryptocurrency Exchange to operate in an offshore environment to enjoy lower tax and owned 100% without local Malaysian interference. Legalize your Cryptocurrency Exchange to operate in Labuan under the supervision and regulation of Labuan Financial Services Authority. Competent KYC (know your client) and compliance system for onboarding and maintenance on clients and ICO (initial coin offering) companies are recommended to plug-in to comply with Malaysia Anti-Money Laundering regulations and law to enable your business to stay long and prosperous. For Labuan Crypto Exchange intends to launch the ICO at the same, it is permitted. For more information, please refer to Labuan Company For ICO License.
12 Key Advantages of Setting Crypto Exchange @ Labuan
- 100% Foreign ownership, no need Malaysian local partners
- TAX only 3% or pay flat fee RM20,000 on Trading Profit
- ZERO Withholding Tax on Interest, Management, Royalty 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 rebate for Expatriate employment
- 100% Tax exemption for Director’s fees for foreign directors
- Eligible to apply for two (2) years’ multiple entry work permits for their expatriates to stay in Malaysia
- Corporate investors can set Labuan INVESTMENT HOLDING to enjoy ZERO Tax!
Eligibility To Apply
- Licensed Crypto Exchange in other jurisdictions OR New Cryptoprenuers with minimum 1-2 years’ experience with solid exchange business model
- Financial Proof of min. USD 200,000. Paid up capital: RM500,000 will be initiated after the license has been approved.
Approval timeline: approx. 45-60 days. Yearly license fee: RM5,000 (USD 1,500) only. Preliminary meeting with Labuan FSA authority may be required depends on the complexities of the business model.
We provide total complete solutions for Labuan Crypto Exchange License application:
- Advisory, crafting Business Plan, Operation System manuals, AMLAH/KYC manuals 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 System Set Up, Reporting Guidance
- Act as a liaison person
- Bank account set up on shore and offshore
- Operation office set up @ Labuan
- Marketing office set up @ Kuala Lumpur/Iskandar
Feel free to contact us by sending us an inquiry on Labuan Crypto Exchange License for your eligibility by emailing us at email@example.com. We ‘simplify the complexities’ doing Blockchain business in Labuan.