Jurisdiction Comparison

Differences of Malaysia Sdn Bhd and Labuan Company

Malaysia Sdn Bhd Labuan Company Target Market Malaysia Global   Paid Up Capital ·  RM1 mil for 100% Foreign Owned ·  RM400,000 for Joint Venture with Malaysian   ·  Min USD 1 for 100% Foreign Owned No. of Directors &  Shareholders ·  Min 2 Directors ·  Min 2 shareholders   ·  Min 1 Director ·  Min 1 Shareholder Re-Domicile Not applicable Easily can be transferred to any jurisdictions who recognise Labuan Company   Corporate Tax 24% for both local & international tax Labuan taxation: ·  3% of audited profit OR; ·  RM20,000 per annum   Directors’ Fee for Non-Malaysian   Taxable (0 – 28%) Not Taxable Expatriate Income Tax 0 –

Malaysia Foundation VS Labuan Foundation

Malaysia Foundation   Labuan Foundation   Sponsorship Requirement   Min RM1,000,000 injection within 6 months   No sponsorship requirement Governing Regulation ·  Company Act 1965 ·  Memorandum & Articles of Association   ·  Labuan Foundation Act 2010 ·  Charter & Articles of Association   Name of the foundation Application to Minister to drop the word “Berhad” as part of the name   ·  (L) Foundation ·  Labuan Foundation Permitted Activities Restricted to Charitable Purpose only. ·  Asset protection ·  Wealth Planning ·  Trading Entity ·  Charitable Purpose   Key Personnel ·  Founder ·  Company Secretary ·  Board of Governors*   *candidates required approval from the minister ·  Founder ·  Council Member(s) ·  Officer(s) ·  Company Secretary ·  Beneficiary(s) ·  Supervisory person (for

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