Labuan Company
About Labuan
Established in 1990, Labuan International Business and Financial Centre (Labuan IBFC) is a renowned offshore jurisdiction offering a diverse range of financial and business services. Located on the island of Labuan in Malaysia, Labuan offers a unique combination of strategic location, tax advantages, and a business-friendly environment.
Labuan is situated in Southeast Asia, at the heart of a dynamic and growing region. Its proximity to major markets like China, Singapore, and Indonesia provides businesses with easy access to a vast network of opportunities.
General Information
- Official Language: English
- Legal System: English Common Law
- Currency: Malaysian Ringgit (MYR)
- Time Zone: GMT +8
Features and Benefits
- 3% from audited net profit (with substance)
- 0% for Investment Activities (with substance)
- No Indirect tax, VAT or Stamp Duty
- Privacy of identity for principals
- Allow to transfer of Domicle
Setup Requirement
Set up a Labuan Company is fast and easy. There are no restrictions on nationality of Shareholders or Directors.
Company Name
- English name; or
- Both English and Chinese name
Shareholder(s) and Director(s)
- No nationality restriction;
- Minimum one shareholder and one director;
- Corporate shareholder and director is acceptable; and
- A copy of passport and residential address proof are required for company registration
Company Secretary and Registered Address
- A registered address is required in Labuan;
- Company secretary is required.
Capital Requirement
- Minimum 1 unit of any foreign currency per shareholder
- No par value requirement
Key Corporate Features
Below is an overview of key corporate features of Labuan Company. ATRIX strongly recommends that applicable professional advice be taken prior to purchasing a company or establishing any corporate structure.
General Information
| British Based Legal System | Yes |
| Type of Company | Ltd., Inc., Limited, (L) Bhd |
| Business Act / Ordinance | Labuan Companies Act |
| Migration of Domicile Permitted | Yes |
Registration Requirements
| Authorised / Paid-up Share Capital | 1 share |
| Minimum No. of Shareholder(s) | 1 |
| Minimum No. of Individual Director(s) | 1 |
| Corporate Directors Permitted | Yes |
| Local Registered Office/Address | Yes |
| Company Secretary Required | Yes |
Disclosure
| Public Disclosure of UBO | No |
| Shareholders | No |
| Directors | No |
Annual Requirements
| Annual Return / Declaration | Yes |
| Management Account / Financial Statement | Yes |
Days for Completion (Estimated)
| English Name | 7 |
| English and Chinese Name | 7 |
Jurisdictions we offer:
