LABUAN PRIVATE FOUNDATION STRUCTURE
With massive wealth has been easily created worldwide, HNWI individuals are on the lookout for better jurisdiction to provide the one-stop solutions for their wealth which has been created overseas. This is also to better manage different jurisdictions of different legislations and taxes on inheritance and other dues.
Labuan Private Foundation is the one in Asia with own legislation, Labuan Foundation Act and it is by far one of the best vehicles for wealth protection and succession in Asia. Not only it is protected by the Act, but the founders can also enjoy zero tax with low cost to operate with the Labuan Private Foundation. Labuan Private Foundation is flexible where founders can be individual, corporate or trustees entity while the beneficiaries can also be either anyone including family members, corporate or charitable organizations.
Overseas Businesses Profit Lock In For Succession with Labuan Private Foundation
Entrepreneurs are energetic breeds and risk takers. With Labuan Private Foundation, their risk can be hugely reduced with parking all their ownership on companies and shares in the vehicle for wealth succession should anything happen to them.
Overseas Assets Lock-In for Protection with Labuan Private Foundation
Assets purchased or invested funneled to Labuan Private Foundation will be able to lock in for protection acting as a safe deposit. This vehicle enables claims to be easily organized and managed.
Leaving Behind My Legacy For Philanthropic Causes
With Labuan Private Foundation vehicle can be beneficiary of the insurance policies, one can continue to prosper his/her wishes on philanthropic initiatives after his demise. Labuan Private Foundation helps to fulfill the wish to leave behind a legacy for generations to come to carry a good cause for humanity.
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