A: Yes. Any Malaysian or non-Malaysian can incorporate a Labuan Company.
A: Yes. Any Malaysian or non-Malaysian can incorporate a Labuan Company.
A: No. You don’t have to.
A: A Labuan Company can elect to pay either 3% of audited net profits or a fixed amount of MYR20000.
A: There is no tax for this kind of business activities in Labuan.
A: Labuan unique company policy allows an individual or a corporate entity become the director or shareholder of a Labuan Company.
A: Only one director and one shareholder is required.
A: Yes. The director and shareholder can be the same person or same corporate entity.
A: Yes. Multi Trust Ltd do provide nominee director or nominee shareholder services.
A: Yes. A Labuan Company can apply for work permit/visa for its director
A: No. A Labuan Company can only conduct business with Non-Malaysian Residents.
A: Yes. A Labuan Company can transact in any currency except Malaysian Ringgit (MYR). MYR is only allowed for defraying administrative expenses, and making permitted investments in Malaysian securities. Certain licensed entities are permitted to deal in MYR subject to their licence conditions
A: No. A Labuan Company can transact in any currency except Malaysian Ringgit (MYR). MYR is only allowed for defraying administrative expenses, and making permitted investments in Malaysian securities. Certain licensed entities are permitted to deal in MYR subject to their licence conditions
A: A licensed Labuan Trust Company like Multi Trust Ltd can assist in registering a Labuan Company in Labuan
A: No. You don’t have to do that. Multi Trust Ltd will assist in the entire registration process.
A: No. All details will be strictly kept confidential by the licensed trust company, Multi Trust Ltd. All Information are not made available to public.
A: 3 working days upon receiving full documentation for registration by the licensed trust company, Multi Trust Ltd.
A: USD1.00. However, higher capital requirement is required for Labuan license entities depending on the type of license.
A: Yes. A Labuan Company can open Bank Account in Labuan. Multi Trust Ltd will assist in the entire bank account opening process.
A: Yes. A Labuan Company can open Bank Account outside Labuan. Multi Trust Ltd will assist in arranging the bank account opening.
A: Yes. Annual returns must be filed not later than 30 days prior to the anniversary of the date of incorporation of the Labuan Company.
A: Not necessary, unless the Labuan Company elect to pay 3% tax. However, it is required by law to audit the financial statement of a Labuan licensed entity in Labuan.
A: A licensed Labuan Trust Company like Multi Trust Ltd can assist in applying a Labuan license in Labuan