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Labuan Company Formation

  
Location shot for Labuan company formation



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FEES SCHEDULE

Year 1 incorporation US$4,900 *

Annual fees from Year 2 US$2,900 *

Nominee director and shareholder fee
US$2,600 **

Company de-registration
US$3,450

* Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months

**Excludes US$1,100 refundable deposit.

 

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Click on the logo above to review sample PDF invoice


 

Labuan company formation is, if properly structured, a legitimately tax-exempt way of conducting international business. Furthermore, as part of Malaysia, a Labuan company can access the double tax treaties Malaysia has signed with a range of countries. The following information will help you determine whether Labuan company formations the optimum solution to fulfill your international business objectives.

Advantages of Labuan Company Formation

1.
If properly structured, Labuan company formation allows legitimate tax-exempt international trading. Furthermore, a Labuan company accesses double taxation treaties Malaysia has signed with 68 countries.
2.
Labuan company formation permits 100% foreign ownership. Only one shareholder and one director is required, and corporate directors and shareholders are permitted. There is no public register of shareholders and directors following Labuan company formation. The director need not be Labuan-resident.
3.
There are no minimum capital requirements to complete Labuan company formation.
4.
Labuan, along with Malaysia, has been placed the OECD 'white list' and is therefore recognised as having substantially implementing the required internationally recognised tax-related standards.
5.
According to the World Bank's Doing Business 2010 Survey, Malaysia is ranked positively as the world's 23rd easiest jurisdiction to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.
6.
Healy Consultants can open a Labuan or international corporate bank account to support Labuan company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Disadvantages of Labuan Company Formation

1.
To qualify as legally tax-exempt, a Labuan company which is trading is required to pay a fixed sum of RM20,000 (US$5,650).
2.
Malaysia is poorly ranked for having the world's 59th-freest economy, and scores at 30% in terms of investment freedom and capital flows, according to the 2010 Index of Economic Freedom by The Heritage Foundation, a measure of freedom enjoyed in  business, trade, monetary, financial, investment and labour markets.
3.
Labuan company formation may be perceived as an offshore tax haven structure. Additionally, Malaysia is ranked poorly as the world's 56th least corrupt country, according to the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

Considerations for Offshore Company Formation
1.
Offshore companies can be an excellent, tax-efficient vehicle for entrepreneurs to conduct their international business. When selecting an offshore jurisdiction, it is important to evaluate variables such as i) its international reputation for conducting business, ii) legalities that govern investor activity iii) the stability of its economy iv) the political stability of the market.
2.
While offshore corporations can have the significant advantage of legitimately minimising tax obligations, there can also be the disadvantage of carrying the tax haven stigma associated with some jurisdictions. More information on Healy Consultants offshore company services can be found on the following pages:
i)
 Offshore company incorporation 
ii)
 Offshore company set up
iii)
 Offshore Company registration
iv)
 Offshore Tax Planning 
v)
 Investing Offshore
Contact Us
For additional information on Labuan company formation, contact email@healyconsultants.com or call us at (+65) 6735 0120.
 
Purchase the Labuan chapter of Healy Consultants' Asia Business Set Up book, to order call +65 6735 0120 or e-mail email@healyconsultants.com
   

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