The program enables applicants of any nationality to explore overseas market by registering a Labuan company.
Labuan Island, located in eastern Malaysia, is a federal territory of the country. Labuan’s legal system follows that of the UK, allowing natural persons and legal entities of any nationalities to register a company in this Malaysia deferral territory and conduct offshore business. Therefore, it is a favorable place for company registration for entrepreneurs around the world. After applications succeed, applicants will have their companies registered and obtain a Malaysia company register number. Labuan registered companies are often regarded as mid-shore companies, as they can have business cooperation with both Malaysian local companies or foreign companies. For trading company, the corporate tax is 3%; while for non-trading company, the corporate tax is 0%. If the company conducts non-Labuan business activities, then the corporate tax is 24% (Malaysia local tax).Eligibility Assessment Talk to expert
1. An English name can be added, or a Chinese name can be added (additional payment of US$300). The company's ending name can be selected according to the culture of each country; for example, Limited, Inc., LLC, Co. Ltd., Incorp.
2. At least one shareholder/director may serve concurrently. It may be a legal entity (that is, a company) or an individual, and is not limited to nationality;
3. The registered capital starts from US$1 (subject to payment).
The registered capital is divided into three phases: the first phase is from US$1 to US$12,000; the second phase is US$12001-240,000; the third phase is US$240,001. The registered capital currency must be any currency other than the Malaysian ringgit, and the registration fee will increase or decrease depending on the amount of registered capital.
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