Labuan Fund Company

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.