Tel: (852) 2528 9298

2nd Floor, Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong

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Tel: (852) 2528 9298

2nd Floor, Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong

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General Information Labuan is an Island located off the coast of East Malaysia . It is strategically located and it shares the same time zone as Singapore , Hong Kong and Tokyo making it a very convenient tax haven for Asia . Labuan was declared as a Federal Territory by the Malaysian Government on 16 th April, 1984 and is now an International Offshore Financial Centre. The Offshore Companies Act of 1990 and the Labuan Offshore Business Activity Tax Act, 1990 ensure that Labuan Offshore Companies enjoy a professional yet reasonably flexible structure. The legal system is based on English Laws.
Company Name A name search can be carried out within 48 hours by fax to our associate office in Labuan and a Company can be incorporated within 6 days. The original incorporation documents will arrive in Hong Kong within three weeks from incorporation.
Taxation If the Offshore Company falls under the category of non-trading activity, then no tax is payable and also no audit is required. If the company carries out offshore trading activities, then it can either select to pay RM20,000 or a 3% tax on the net profits based on the audited accounts, only in such circumstances would an audit be required.
Filing Requirement Annual returns of director's name and shareholder's name must be filed with the Companies Registry every year.
Structure One director would be sufficient, this director need not be a resident of Labuan . Corporate directors are also permitted. One shareholder would suffice. Again, the shareholder need not be a resident shareholder and the shareholder can also be a corporation. However, a local resident company secretary is required and we can provide the service through our associate office in Labuan .
Registered Office A Labuan Offshore Company must have a registered address in Labuan .