Labuan officially the federal territory of labuan which is part of Malaysia. The island has been offering offshore services since 1990 as a special economic zone of the Malaysian government.
The island is one of the best jurisdictions to incorporate your company and a great tool control the beneficial ownership of your assets such as investments or real estate as Labuan offers unmatched corporate secrecy and high levels of privacy and a no questions asked kind of a system. Incorporation costs can be as high as 5000 USD and annual maintenance costs can be almost 2000 USD, so this is for clients who already own offshore companies and want further diversification and asset confiscation protection. We offer incorporation packages for Labuan, but clients usually interested in Labuan have a unique situation and requirements. In this case we invite you to contact us by requesting a quote and leaving a message.
The Tax Rates by category:
The tax rate applicable to a Labuan entity is 3% on the chargeable income from Labuan trading activities only. This means the income from the Labuan non-trading activities (ie the holding of investments in securities, stocks, shares, loans, deposits or other properties) of a Labuan entity is not subject to tax at all.
Residency in Labuan:
Obtaining Residency in Labuan is almost the same procedure for malaysia for those not working but carrying business, therefore you can just exercise your visa free movement as a citizen of US, Canada, Australia and EU. You can also get a 10 year residency permit relatively easily which will be valid in Labuan too. I wouldn't necessary recommended living in Labuan or having residency there except on paper as I would rather live in Kuala Lumpur but maintain my offshore company in Labuan and enjoy traveling the world as a global citizen while keeping my assets in Labuan, my recommendation is that this is for diversification purposes and not as a first choice as there are other options such as St. Kitts, St.Lucia, Monaco, Liechtenstein, NAdorra, Jersey, Isle of Man, Ireland and Hong kong.
Offshore Banking in Labuan
Offshore Company Incorporation:
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