Overview of Location
Federal Territory Labuan is a region in Malaysia that is specifically designed to domicile international businesses by offering them a bundle of benefits. Labuan Limited companies can enjoy, in particular, a modern business environment compliant with international standards, a stable economy of Malaysia, preferential corporate income tax of 3% for audited accounts, and the comprehensive legal framework for doing business globally. Further to it, locally set up companies can be engaged in the trade of goods and services, Money broker business (Forex brokerage with the possibility to apply for an extension to provide virtual currencies brokerage), insurance and banking activities, and many more.
Usually, Labuan is referred to as the perfect location for business expansion to the Asian region, especially taking into account the above advantages. However, it must be noted that this federal territory is also popular for entrepreneurs that are oriented to the European market as well. Labuan Limited companies can enjoy a wide network of local and international banks that are domiciled herein. Besides that, there are no limitations on the place of residence either for directors or the shareholder which makes Labuan companies perfect for remote control and management.
Labuan Financial Services Authority (or LFSA) puts an enormous effort to maintain a balance between existing regulatory requirements to comply by creating a wide network of guides allowing companies to follow the established regulations easily.
In general, the company formation in Labuan may seem complex due to strict local requirements on due diligence which comprise a part of the local AML legislation. However, we would like to assure you that our team will put its best effort to help with the preparation of necessary supporting files and information to simplify the entity incorporation process. Further to it, the advantages of incorporating a company in Labuan outweigh the above in the mid-and long-term perspectives.
We aim to provide tailored company formation services for each client to experience the best possible result. Thus, business company incorporation and further operations would allow enjoying all benefits that Labuan may offer.
Required Documents
List of files necessary for setup.
- Certified copy of your passport;
- 2 reference letters;
- Certified copy of your utility bill;
- Curriculum Vitae;
- Business plan (key provisions).
Features and Benefits
Peculiarities associated exactly with this jurisdiction.
- Annual maintenance of company: annual return and related submissions;
- Preparation of annual accounts;
- Preparation of annual audit;
- LFSA certified letter of Information (Incumbency), Good Standing;
- Assistance with local corporate account opening;
- Maintenance and annual review of UBO register.
Formation package includes:
- Our genuine daily support;
- Full set of initial corporate documents;
- 1 year covered state fees, registered address, registered secretary;
- Notarized Letter of Information (Incumbency);
- Registration with LFSA with authorisation to commence business activities.
Formation Steps
Define your business activities and choose a name that suits your brand.
Name check and reservation. Preparation of the KYC (Know-Your-Customers) and other due diligence files.
Registering an entity with the local registry (Labuan Financial Services Authority or LFSA). Acquisition of the corporate files.
Corporate accounts opening.
Need more details?
Inquire now to get all information about this jurisdiction.
Related Services
Highest compliance with international standards and tax exemption for Authorised Companies
Excellent tax-effective solution for doing business in Asia or Worldwide
Let's set up Your business together
If you are looking for someone that will assist set up and maintenance of your business, you are in a right place. We strive to build relationships with our clients and partners in a way that you could rely on us.