Start A Labuan Trading Company

Kamis, 01 April 2021

Starting a Labuan Import Export Business Presently international trading being one of the most trending industries on the globe is mainly due to the endless supply and demand of merchandises or commodities globally. Moreover the Labuan Company can be used as a vehicle for asset and wealth management.

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The advantages of Labuan international company.

Start a labuan trading company. Trust Companies and Ancillary Services. An annual return must be filed 30 days prior to the companys anniversary date of incorporation. The government charges US350 to assess license applications for aspiring money brokers plus an annual license fee of US1500.

What you need to take into account is that you will be required to prepare a solid business plan and choose at least three names for the company which must be submitted for approval. Besides that the work permit allows multiple entries. The Directors Declaration and Consent Letters signifying their willingness to take up appointment will also be needed.

In Labuan its tax-free if starting a non-trading company and only a 3 tax rate if opening a trading company. Thereafter firms may proceed with incorporation. Setting up a Labuan company to conduct consultancy business is very easy as it does not require any trade license.

A Labuan Company can be formed by only one director and one shareholder and they can be the same person. The most commonly used business form is the Labuan international company the legal entity that allows for 100 foreign ownership and benefits from all of the tax advantages practiced in Labuan. Registration procedures are conducted through the Labuan International Business and Finance Centre IBFC.

You will be required to register a Labuan entity in order to operate the Labuan licensed money broking company with a paid-up capital of RM500000. The company can be set up after the Labuan Money Broker License is obtained. The process of incorporating a Labuan company is simple and foreign investors can have full foreign ownership over the legal entity they register here.

However the work permit has to be renewed every 2 years. Taxes are low at only 3 of audited profits or MYR20000 the company may elect which rate to pay. Imagine the money you could save in a year or in about 10 years.

A Labuan Company can be registered very fast. Since 2003 Healy Consultants Group PLC has been assisting our Clients to incorporate offshore businesses in Labuan Malaysia. It can be set up with 100 foreign ownership.

A Labuan offshore company needs to have an audit performed by an approved auditor if the company is engaged in offshore trading activities and does not elect to pay the flat tax of RM20000. Interested to start a Labuan Investment Company to meet your objectives in Malaysia. To apply for work permit company needs to have a minimum paid-up capital of more than RM 50000 to less than 1 million.

The fees quoted exclude the cost of engaging a Labuan trust company which will essentially act as a company secretary to the Labuan company Reservation of Company Name MYR 50 USD 15 Incorporation of Labuan Company. One of the ways of starting a business in this region is by setting up a Labuan international company. Labuan Trading Companies have a yearly election of either paying a flat tax rate of MYR20000 per annum or 3 of audited net profit.

Labuan Foundations and Labuan Islamic Foundations. QX Trust is a trusted and expert Consultancy Services provider for Clients that wish to start any type of Financial Offshore Business in Labuan 6 018 230 3360 6 018 228 9533. Firms will need to submit their completed memorandum and articles of association along the Labuan company registration fees of RM6000 US2000.

Labuan Company is a type of legal entity that has a very simple business structure. The following are the fees payable to the Labuan Financial Services Authority. A Labuan Trading Company can be defined as a Labuan Company which conducts trading activities including banking insurance trading management licensing shipping operations or any other activities which are not a Labuan non-trading activity.

Most of our Clients choose the formation of Labuan offshore companies for trading or as a holding company. A set of accounting records must be kept in Labuan. Obviously relocating your business to Labuan could be a strategic business decision that could save your company significant money and unshackle your enterprise from.

Prior to those steps there is a US400 government fee to register a company in Labuan. Opening an international company in Labuan implies several steps some of them being completed before the actual registration of the company. TRICORs One Labuan Platform easy to elevate your Labuan operation efficiently.

The best part for Labuan company is company can start business without having any trade license and physical office. WHAT ARE THE FEES FOR SETTING UP A LABUAN COMPANY. Malaysia International Ship Registry.

This type of legal entity does not have any restrictions on the nationality of its founders.

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