Labuan has signed more than 40 agreements to avoid double tax payments, including with France, Austria, Australia, the Netherlands and other countries. Labuan is an exemplary jurisdiction that maintains stable and trusting economic and political relations with the Malaysian island, which is a separate administrative territory. This is what attracts foreign investors.
Doing business in Labuan is transparent and easy to manage. Due to the efficient tax environment, there is a lot of demand in the jurisdiction as local companies do not pay the following fees:
The main business industries in Labuan are as follows:
In accordance with the legal framework of this jurisdiction, non-resident entrepreneurs can open a company for trading or non-trading purposes. They, in turn, differ in the following types of responsibility:
Each of the forms is characterized by its own tax rate. In general, Labuan has one of the smallest indicators, which is 3%, which is about 5 thousand dollars for trading type companies. A zero rate is assigned for non-traders.
The initial capital must be at least $ 1. Number of shareholders: 1-50.
It takes very little time to open a company in this jurisdiction. The presence of the founder is not required. In addition, there are no requirements for a director who would be a resident of Malaysia, since the owner of the company, who is a non-resident, can simultaneously act as a founder.
The documents that must be provided for registration, at least, include the following:
If you need to register a company in Labuan, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Labuan. Write to us in the CRM form and we will help you register a company.
Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.
We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.
If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.