Company Formation Labuan
Other Jurisdictions
Labuan
Cost of registration
Number of Directors
Corporate tax rates
Payment of Charter Capital
Financial statements
€ 2,200
1
0%-3%
1.00
Yes
FEW WORDS ABOUT COMPANY in Labuan
BENEFITS
TAXES
ACCOUNTING
- Offshore company
- Beneficial owners' details, shareholders' details, directors' details – not part of public record
- Company registration takes 7-8 days
- There are tax benefits
- Corporate tax is 0%-3%
- VAT - 0%
- Annual returns filing - No
- Statutory audit - No
- Report requirements - Yes
REQUIREMENTS
TYPES OF COMPANIES
- Registered office
- Registered agent
- Resident secretary, provided by local trust company
- The minimum number of directors is 1 person. A director can also be a legal person, no nationality or residency restrictions
- The minimum number of shareholders is 1 person
- A minimum share capital is RM 1
- Private Unlimited Company
- Private Company Limited by Shares
- Public Company Limited by Shares
- Holding
- Trading companies
- Offshore Company
Labuan offshore companies who are engaged in offshore trading activities are subject to corporate profits tax, which will be levied at 3% on assessable net profits as per the audited accounts. A return and a statutory declaration will be required to be submitted. Alternatively, the companies can elect to pay a flat tax of RM20,000. In this case, a statutory declaration and a prescribed from will be required to be submitted.
For offshore companies who are engaged in non-trading activities, no tax shall be payable for income earned through these activities. In such cases only a statutory declaration will be required to be submitted.
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HOW TO REGISTER A COMPANY IN Labuan
Step 1. Check your company name in the Company Registry
Step 2. Enter your company details
Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval
Step 4. Then we works with the client to open a corporate bank account in Labuan
Step 5. We deliver the certificate of incorporation personally to the client or via courier service
Step 6. Checkout – that’s it
MORE INFORMATION
CORPORATE INFORMATION
SHARES AND SHARE CAPITAL
Opportunity to purchase ready-made companies
Local registered office
Local registered agent
Yes
Yes
Yes
The minimum amount of the issued capital
Bearer shares
The usual size of the authorized capital
Usual nominal value of shares
Possibility to issue shares without par value
1
No
$ 10,000
$ 1
No
DIRECTOR AND SECRETARY
SHAREHOLDER AND BENEFICIARY
Minimum number of directors
The requirement for residency directors
Director of legal entities are allowed
The data reveals to the local agent
Data field to the public registry
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary
1
No
Yes
Yes
No
Yes
No
Yes
No
Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable
1
No
No
No
No
Yes
TAXATION
REPORTING
VAT
Basic corporate tax rate
Capital gains tax
Currency control
Stamp duty
0%
0%-3%
No
No
No
The requirement for filing reports
Open access to reports
Statutory audit
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD
No
No
No
No
No
No
12
No
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Why Customers Choose Us
Our lawyers have already registered hundreds of companies in different parts of the world, and they know all the subtleties and underlying potential problems when registering companies in the necessary jurisdiction. You will save your time and money by applying for us.
We offer an individual solution
We implement a personal plan in line with your objectives. We'll offer all our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company, etc
We provide full legal support
We'll provide the client with the best company incorporation services. Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services, and audit, tax planning and optimization, trademark and patent registration
We ensure a positive result
Strategically providing up to date personalized services to help your business succeed. We makes use of modern technological features to keep the records and details of every client safe