Labuan Fund Company

Company formation makes up one of the most important areas of business in Labuan IBFC. Aside from offering generous tax incentives, Labuan IBFC’s strategic location in Asia Pacific and its close proximity to regional financial centers enables businesses to tap into the many investment opportunities in the region.

Labuan companies can carry out either trading or non-trading activities in, from, or through Labuan IBFC.

 

Key Features

Features

Corporate Details

General

  • Type of company

Trading

  • Common or civil law jurisdictions

Common

  • Shelf company availability

Yes

  • L&C’s time to incorporate

2-3 Weeks

  • Annual return filing fee

NIL

  • Taxation

3% or MYR20k which is app. US$6000.00

Share Capital

  • Public records of director/shareholder

NO

  • Bearer shares

NO

  • Standard minimum paid-up capital

USD1.00

  • Standard authorized share capital

NO

  • Permitted currency of capital

Any currency save the Malaysian Ringgit

Directors

  • Minimum numbers of directors

ONE

  • Corporate directors

YES

  • Local directors

NO

  • Company secretary

YES

  • Company seal

YES

  • Public record of directors

NO

  • Location of directors meeting

Anywhere

Shareholders

  • Minimum number of shareholders

ONE

  • Location of shareholders meeting

Anywhere

  • Public record of shareholders

NO

  • Telephone board meeting

YES

Accounts

  • Requirement to file account

Trading YES/Non-trading NO

  • Requirement to prepare account

YES

  • Requirement to file annual return

YES

Others

  • Double taxation treaty access

YES

  • Change in domicile

YES

  • Local registered address

YES

 

Advantages

  1. Incorporation does not need the presence of a Local Partner.
  2. Low minimum paid up capital of USD 1
  3. Low Taxation on Trading Company profits
  4. Zero Tax on Investment Holding Company Structure
  5. Set up time is only 2 Weeks
  6. No trade licence is required for trading, e-commerce, import, export and consultancy businesses
  7. No sales & service tax on sales transactions
  8. No WHT on dividends, interest, management, technical and loyalty fees

 

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.