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 entries visa 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, except for Intellectual Property, but subject to tax rate of 24%.
For Neighbouring 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 your home country！
Labuan Company Formation for Asian Businessmen-Other Benefits
Operating through Labuan allows you to conduct your business, bank transactions and/or personal financial affairs with maximum tax efficiency and a high level of privacy and anonymity. The details are spelt out in the key points below:
This is the main reason why many offshore jurisdictions exist: to maximize tax efficiency for the businesses. Labuan offers one of the best in terms of tax that comes with flexibility where you can select how you want to pay your tax based on your nature of the activity for the year. Earning distributed back to shareholders is zero tax.
Labuan is CRS compliant jurisdiction with minimal requirement of commercial substance particularly imposed upon licensed entities. Labuan entities can apply for a Corporate Tax Certificate from Inland Revenue to tax proof of its existence.
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
All records kept in Labuan have elements of privacy and protection where the information is non-searchable by the public. Such data are only available upon permission from the stakeholders, directors and beneficial owners.
Feel free to contact us at +603 2783 9191 (Labuan Division) today to explore in-depth how Labuan Company can meet your objectives!
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