Labuan

General Information

Labuan International Business and Financial Centre (Labuan IBFC) presents a comprehensive midshore solution striking the ideal balance between client confidentiality and compliance with international best standards and practices. Its business-friendly environment, anchored by a simple and attractive tax system, is well-supported by a robust, modern and internationally-recognised legal framework enforced by its regulator, Labuan Financial Services Authority (Labuan FSA).

Labuan IBFC boasts a wide range of business and investment structures facilitating cross-border transactions, business dealings and wealth management needs. These unique qualities offer sound options for regional businesses going global or global businesses looking at penetrating Asia’s burgeoning markets.

Strategically located in the heart of Asia Pacific, Labuan IBFC is well positioned to tap into one of the fastest growing regions in the world, presenting the perfect opportunity for businesses seeking to connect with Asia’s economies and beyond.

Formation fees (BASIC)

$99

Starting From
  • (with paid up capital less than RM 50,000 or equivalent in foreign currency)
  • 1st year registered address
  • 1st year secretary fees
  • Company name reservation
  • Annual tax return filing

Formation fees (STANDARD)

$99

Starting From
  • (with paid up capital more than RM 50,000 or less than RM1 million or equivalent in foreign currency)
  • 1st year registered address
  • 1st year secretary fees
  • Company name reservation
  • Annual tax return filing

Bank Account Opening

$99

Starting From

Corporate Bank Account in Labuan / Malaysia/ Singapore

Labuan Work Permit Application

$99

Starting From

To access Malaysia & Labuan

Characteristic of Labuan Company

Labuan Company is allowed to carry out business in, from or through Labuan in order to enjoy its tax neutrality.

General
Type of entity Labuan company
Shelf company availability No
Registered address Registered office address of the appointed Labuan Trust Company
 Minimum paid up Minimum paid up USD 1
Types of shares allowed May issue shares of different classes and of different rights, but no bearer shares are allowed.
Authorized shares Shares issued shall have no par or nominal value.
Taxation Trading Activity – taxation of 3% of net audited profits or a flat rate of MYR20,000 to be elected yearly

Non Trading Activity – 0% tax

Re-domiciliation Yes
Public accessible records ? No
Director
Minimum number of Director 1
Local director requirement No
Location of meeting No requirement
Shareholders
Corporate shareholder allowed? Yes
Minimum number of Shareholder 1
Nominee shareholder allowed? Yes
Operation requirement
Annual return filing requirement Yes
Tax filing requirement Yes
Accounting records requirement Yes
Audit requirement Yes, if opt for 3% taxation

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