Comparison Labuan Company with Hong Kong and Singapore for Low Tax

Good to explore Labuan Company tax in details before you register an offshore entity. Although Labuan Company is not 100% tax-free for trading activities business, it is overall a winner compared to Hong Kong and Singapore for offshore solutions! In recent years, Labuan is fast becoming the favored jurisdiction in Asia for its combination of tax efficiency and reputation, owing to a compliance with international standards on due diligence and transparency. Also with ASEAN soon becoming a single entity, one can expect Labuan as the ideal place to start a business due to strategic location with a lower cost of operations. Compared to Hong Kong and Singapore.

GeneralHong KongSingaporeLabuan
Political StabilityGoodGood Good
British Based SystemYesYes Yes
Disclosure of Beneficial Owners NoNo No
Migration of Domicile Permitted NoNo                   Yes
Chinese Wording on Certificate of Incorporation YesNo Yes
TaxationHong KongSingaporeLabuan
Tax RateFor 0%-approval required or pay 16.5%0 – 17% 3% 
Audit ReportYesYesYes
DTA29 countries70 countries74 countries
Withholding TaxNo15% TaxNo
Bank Account In Multi-CurrenciesYesYes Yes
CorporateHong KongSingaporeLabuan
Min Number Of Shareholders1

1 Corporate / 2 Individual

1
Min Number Of Directors1

2 (1 Resident Director)

1
Corporate Directors AllowedYesNoYes
Company SecretaryYesYes Yes
Standard Share CapitalHK$10,000S$100,000US$14,000
Annual General MeetingYesYesYes
Registered OfficeYesYes Yes
Local DirectorYesNoNo
Location Of MeetingAnywhereAnywhereAnywhere
Filling Of Directors Info With RegistryYesYesYes
Filling Of Shareholders Info With RegistryYesYesYes
Shelf Companies Usually AvailableYes

Yes

Yes
Business VisaHong KongSingaporeLabuan
The above comparison clearly shown Labuan Malaysia is a better option for Off-Shore Company set-up in Asia!
2 Years’ Multiple Entry Renewable VisaNoNo Yes
Multiple Family MembersNoNo  Yes 

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Name

Email

Nationality

Nature of Business with Products/Services to Sell

Type of Labuan Company

Share Capital

List the name and nationality of Shareholders-Min. one person, can be corporate/individual

List the name and nationality of all Directors-Min. one person, can be corporate/individual

How Many Bank Account You Need for Your Company and Type of Currencies?

Do You Need Internet Banking Set Up?
YesNo

Do You Require 2 Years’ Work Permit for Your Working Directors?
YesNo

How Many Positions Required Work Permit?

Any special request service and remarks, please specify here!

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