Eternity Law International News Company registration in Labuan

Company registration in Labuan

Published:
December 22, 2020

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:

  • from services and sales;
  • dividends and goods are not subject to taxation;
  • capital increase.
  • Labuan can be called a kind of offshore zone.

The main business industries in Labuan are as follows:

  • services in the field of insurance;
  • management of private property;
  • trading operations;
  • bank leasing.

Forms for registration of commercial structures in Labuan

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:

  • based on the size of the shares that were issued;
  • limited;
  • unlimited.

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:

  • direct application;
  • The Statute;
  • declaration confirming compliance with legal regulations;
  • a certificate of payment of all duties going to the state treasury;
  • the protocol that the director of the company was appointed by the founders.

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.

You could be interested

ISO 29001: Oil & Gas Industry

Industry standards are being developed with the aim of unifying management systems, integrating them with each other, through this, optimizing enterprise administration processes. Basis of this standard is the process approach – the identification of the activities of the enterprise, including the quality management itself, the analysis of methods for managing these processes. ISO 29001...

Doing business in Croatia

Investors’ increasing desire to conduct business in Croatia is directly correlated with the tourist sector’s explosive growth in this nation. Croatia now has a good investment climate thanks to the country’s stable political status and the development of its infrastructure to a standard comparable to that of Europe. It’s easy to start a business in...

ISO 39001: Road Safety

Fleet workers, heads of transport departments at enterprises, road construction and repair teams, road maintenance organizations, design organizations, driver schools and traffic police officers in their daily professional activities influence road safety (RTS), and measures to control their activities are outlined in the relevant regulation. The ISO 39001 standard can be used internally and externally,...

Crypto license in Dominican Republic

The rapid rise of crypto has sparked a global interest in their regulation and licensing. As depositors and entrepreneurs explore new opportunities in the crypto space, understanding the legal framework of each jurisdiction becomes crucial. In this article, we delve into the current state of crypto licenses in the Republic, shedding light on the adjustment...

Bulgaria for the IT sector

With over 400 IT institutions and thousands of IT professionals, the Bulgarian IT sector presents one of the most promising IT hubs in the South-Eastern part of the EU. Let’s consider Bulgaria for the IT sector: the country’s business climate, human resources, IT education, etc. To begin with, it is worth taking a look at...

Germany’s Cryptocurrency Regulations

Germany is a powerful economic force and a highly developed participant in the European Union with the fourth-largest world GDP. Following crypto regulation in Germany, both physical and juridical persons are allowed to acquire, sell, and keep cryptoassets. So, to be the owner of the licensing company you should know properly the regulation of Crypto...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7