Redomicile Guide to Labuan Jurisdiction
Labuan Jurisdiction is one of the destinations you should consider to re-domicile for your business! Labuan unlike other jurisdictions may attract a lot attention of the tax authorities due free of compliance and mostly without any tax return! Having your business in Labuan required yearly compliance submission of annual return to Labuan Finances Services Authority (Labuan FSA) and tax returns to the Inland Revenue Board. This gives legitimacy and tax proofing your business set-up in Labuan! This redomicile guide to Labuan Jurisdiction helps you to understand better why more and more companies from other jurisdiction will consider Labuan!
10 main reasons why you should choose Labuan Jurisdiction:
1. Labuan is a “mid-shore” jurisdiction which allows you target international and local Malaysia market for business
2. Labuan location is strategic within ASEAN where the economy growth is and share common time zones with most of part of Asia
3. Labuan is well established and complete infrastructure within Malaysia to assist your business growth and allow you easily create affordable substance for your business continuity and expansion
4. Labuan has a robust regulatory framework with full range of Legislations and Acts regulated by Labuan FSA under common law practice
5. Labuan provides a complete range of business solutions and entities for your choice from trading business, investment structures for cross-border, international transactions to wealth management tools
6. Labuan provide both conventional and Islamic Syariah compliance for banking and wealth management to suit your needs redomicile guide to Labuan Jurisdiction
8. Labuan adopts a simple tax framework under the Labuan Business and Tax Act (LBATA) as follows:
9. Labuan does not impose withholding taxes on payments to non-resident persons for payments of dividends, interest, royalties and directors’ fees
10. Malaysia is one of the widest country with access to more than 70 tax treaties partners to enable you to save further tax.redomicile guide to Labuan Jurisdiction
Labuan redomiciliation allows your company to maintain the same legal entity. Labuan FSA generally accepts most of the prominent jurisdictions on redomiciliation. Speak to us on your objective for us to evaluate your profile for successful redomiciliation accepted by Labuan FSA. Send us your enquiry today! We “simplify the complexities” on investment in Labuan!