Q: Can a Malaysian register a Labuan Company?
A: Yes. Any Malaysian or non-Malaysian can incorporate a Labuan Company.
Q: Do I need to be physically present in Labuan to register a Labuan
Company?
A: No. You don’t have to be physically present in Labuan to register a
Labuan Company
Q: What is the tax rate for a Labuan Company?
A: 3% of net profits.
Q: What tax rate does an investment holding company need to pay?
A: There is no tax for this kind of business activities for a Labuan Company
in Labuan.
Q: Who can be the director and shareholder of a Labuan Company?
A: Labuan unique company policy allows an individual or a corporate entity
to become the director or shareholder of a Labuan Company.
Q: What is the minimum number of director and shareholder required when
registering a Labuan Company?
A: Only one director and one shareholder is required to register a Labuan
Company
Q: Can the director and shareholder be the same person or same corporate
entity in a Labuan Company?
A: Yes. The director and shareholder can be the same person or same
corporate entity in a Labuan Company
Q: Can a Labuan Company apply for work permit/visa for its director?
A: Yes. A Labuan Company can apply for work permit/visa for its director.
Q: Can a Labuan Company conduct business with Malaysian Residents?
A: No. A Labuan Company can only conduct business with non-Malaysian
residents.
Q: Can a Labuan Company Transact in United State Dollar (USD)?
A: Yes. A Labuan Company can transact in any currency except 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 and subject to their licence conditions
Q: Can a Labuan Company Transact in Malaysian Ringgit (MYR)?
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
Q: How to register a Labuan Company?
A: Complete an incorporation form and provide the KYC documents. We shall be
able to register your new Labuan Company.
Q: Will the information of a Labuan Company including its directors and
shareholders made available to public?
A: No. All details will be strictly kept confidentially. All Information are
not made available to public.
Q: How long it takes to register a Labuan Company?
A: 3-7 working days upon receiving full documentation.
Q: What is the minimum capital requirement for a Labuan Company?
A: The minimum capital requirement for a Labuan Company is USD1.00.
Q: Can a Labuan Company open Bank Account in Labuan?
A: Yes. A Labuan Company can open Bank Account in Labuan. We will assist in
the entire bank account opening process.
Q: Can a Labuan Company open Bank Account outside Labuan, for instance,
Singapore?
A: Yes. A Labuan Company can open Bank Account outside Labuan. We will
assist in arranging the bank account opening.
Q: Does a Labuan Company need to file annual return?
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.
Q: Must financial statements of a Labuan Company be audited?
A: Yes. The financial statement of a Labuan Company must be audited.
Q: How to apply for a Labuan license in Labuan?
A: We can assist in applying a license for certain business activities in
Labuan. Our consultant will provide the procedures and documents needed to
apply for a Labuan license.
Q: Terms and Conditions Apply
A: Full incorporation documents are needed for fast company incorporation.
Although almost 100% of our clients manage to open their bank account, we do
not guarantee the opening of bank account as it is subject to bank approval.
