Benefits of Labuan Business
Aside from the low corporate tax rate of 3% (or 24% on chargeable income for businesses not covered by the Labuan Business Activities Tax Act 1990), Labuan offers numerous advantages for businesses. It serves as an appealing hub for multinational corporations and entrepreneurs alike
Intellectual Property Ownership (Trademarks, Patents) | International Trade/FOREX/GAMING/CRYPTO-CURRENCY EXCHANGE | Financial Corporations | E-commerce Business | Investment Holding Company | Asset Protection Entity
Package includes a Business Bank Account:
Choices of the following banks:
DBS Bank, Barclays PLC or Hong Kong Bank (HSBC)
Package includes an internet banking access:
(DBS Bank, Barclays PLC or Hong Kong Bank)
General Information | |
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Type of Business Entity | Labuan Company (Private Limited by Shares) |
Corporate Income Tax | Nil for Labuan non-trading activity |
British Based Legal System | Yes |
Double Tax Treaty Access | Yes |
Incorporation Time Frame (Approx., days) | 2-3 working days |
Corporate Requirements | |
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Minimum Number of Shareholders | 1 |
Minimum Number of Directors | 1 |
Corporate Directors Permitted | No |
Standard Authorized Capital/Shares | 1,000 USD |
Local Requirements | |
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Registered Office/ Registered Agent | Yes |
Company Secretary | No |
Local Meetings | Anywhere |
Local Directors / Shareholders | No |
Publicly Accessible Records | No |
Annual Requirements | |
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Annual Return | Yes |
Audited Accounts | No for Holding companies |
Incorporation Fees | |
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Our Service Fee (1st year) | US$ 2,500 |
Annual Renewal Fees | |
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Our Service Fee ) | US$ 2,400 |
3% of Audited Net Profit for trading activities. No tax for Non-Trading activities.
Only for licensed companies and companies electing to pay 3% tax.
Nevertheless, there is still a requirement to keep accounts that will sufficiently show the financial position of the company. With increased compliance, it is common that most companies will be required to prepare at least management accounts.
Key Features
Additional Information
All Labuan companies are governed by the Labuan Companies Act 1990 (LCA) and can engage in trading or non-trading activities within, from, or through Labuan. The LCA mandates the engagement of a Labuan IBFC registered trust company as the incorporation agent.