Frequently Asked Questions about Labuan
The following are some of the most frequently asked questions about Labuan Company Formation:
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What are the minimum capital requirements for a Labuan company? |
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How long does it take to incorporate a Labuan company?
Registering a Labuan company is easy and only takes a week. |
Are there any restrictions of incorporating a Labuan company?
None. Labuan is an easy jurisdiction to do business. A Labuan company is not subject to Malaysian exchange controls and also accesses double taxation treaties with almost 40 countries. |
Am I required to visit Labuan to incorporate a company there?
No. Healy Consultants can legally incorporate your Labuan company without you needing to travel. |
What is the minimum number of directors required for a Labuan company?
Under statutory regulations, a Labuan company requires a minimum of one director. |
Is a resident director required?
A Labuan company does not require a resident director. |
What is the minimum number of shareholders required for a Labuan company?
A minimum of one shareholder is required. |
Can my company be 100% foreign-owned?
Yes. |
Are shareholder/director details available for public viewing?
No. |
What are the minimum capital requirements for a Labuan company?
A Labuan company has no minimum share capital requirement. |
Is a Labuan company required to submit an annual tax return and/or financial statements?
All companies in Labuan are not obligated to submit an annual tax return and offshore companies is required to keep a set of accounting records in Labuan. In addition, companies, which elect to pay RM20,000 (approximately US$6,515), are not required to file financial statements. |
What are the tax implications of a Labuan Company formation?
A Labuan offshore company is liable to pay either 3% tax on net audited profits, or a fixed sum of RM20,000 (approximately US$6,515). A company, which does not trade, is not required to pay tax. |
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| Contact Us |
| For more information on any of our Labuan corporate services, e-mail email@healyconsultants.com or telephone us at (+65) 6735 0120. |
| Back to Labuan Company Formation page. |
