Holding in Labuan

Holding in Labuan

The procedure for Labuan company formation allows the registration of a holding company. Investors interested in this company type must know that the holding company does not represent a commercial company, and this implies that the legal entity is not allowed to enter commercial activities.  In this article, investors can find out relevant information with…
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Income Tax for Companies in Labuan

Income Tax for Companies in Labuan

Labuan is the official federal territory of Malaysia and the taxation of companies in Labuan is regulated under the Income Tax Act 1967. Malaysia has introduced some changes in the Labuan Business Activity Tax Act (LBATA), 1990. The amendments in the LBATA came into action since January 1st, 2019. Taxation could be…
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Invest in Real Estate in Labuan

Invest in Real Estate in Labuan

Labuan is a well-known offshore financial center and one of the three federal territories of Malaysia. It is composed of the main Labuan Island, along with six smaller ones, located in the east of the country, off the coast of Sabah. The favorable location, as well as its development as…
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Set up a FMCG Company in Labuan

Set up a FMCG Company in Labuan

A fast-moving consumer goods (FMCG) company set up in Labuan will enjoy all of the tax and business advantages of this Federal territory of Malaysia. Moreover, the favorable position will allow the company to expand its business activities and engage in trade with other nearby locations. Fast-moving consumer goods are products that…
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Open a Financial Company in Labuan

Open a Financial Company in Labuan

The Labuan International Business and Financial Centre is recognized for its pro-business environment, the simple tax system and the legal framework that is supported by the regulator. There are a wide range of business and investment structures that make it accessible for investors to engage in various business transactions or plan their…
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Double Tax Treaties Available for Labuan

Double Tax Treaties Available for Labuan

Malaysia has an extensive double tax treaty network and, as a federal territory, Labuan benefits from the provisions of these treaties. Not all of the Malaysian double taxation agreements are also applicable to Labuan entities because some countries have specific laws related to anti-avoidance legislation, which excludes offshore entities, like the ones…
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Company Secretary in Labuan

Company Secretary in Labuan

Investors interested in Labuan company formation need to observe certain requirements when opening a company in this favorable jurisdiction. Having a company secretary in Labuan is required for companies and it is recommended to have one that is local and qualified for this position. Secretarial services can be offered as part of…
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Shareholders of a Company in Labuan

Shareholders of a Company in Labuan

The shareholders of a company in Labuan are those individuals or other legal entities that own one or more shares in public or private companies. The members are, collectively when applicable, the owners of the company. Labuan is a jurisdiction in which only one shareholder is required to open a company and…
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Directors of a Company in Labuan

Directors of a Company in Labuan

A company director acts in the best interest of the company and will exercise his powers at all-time precisely for this purpose. This requirement, along with other duties, is expected of those individuals who act as company directors in Labuan. The main responsibilities for the directors of a company in Labuan are…
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