A Basic Introductory Study about Labuan Offshore

A Basic Introductory Study about Labuan Offshore

The Labuan offshore company is a company owned by a foreign investor who is not a resident of Labuan. This type of company has the right to conduct and execute business activities from Labuan with non-residents or can also act and run as a holding company. The Labuan offshore has the right to carry out its business activities in a variety of different forms like conducting business with the nonresidents of the Malaysia, the company is allowed to execute shipping operations to anywhere but not allowed to conduct in Malaysia and can provide the product and services to non-regulated industries. A Quick Glance at Some of the Common Advantages of Labuan Offshore You might be thinking that Labuan offshore establishment requires a lengthy and time-consuming process but to your surprise this is not so, actually the set-up of the offshore company in Labuan isn't much lengthier and tricky and it just requires minimum share capital, one shareholder, one director who is not supposed to be the residents of the Labuan or of other parts in the Malaysia. Other advantages with having a Labuan offshore is that it is not subjected to huge corporate tax and the owner has the flexibility to either go with a flat tax rate or they can choose to pay 3% of their global earnings. The other good point comes along with choosing the flat tax rate scheme is that the investor isn't required to undergo audit requirements. Besides these, there are many other advantages which can be availed from a Labuan offshore and you can study about them in other sources on the Internet.

Types of Labuan offshore companies Typically the Labuan offshore company can be incorporated into two main types Trading companies They are regulated under the Labuan business Activity Tax Act which gives a flexibility for a 3% tax on corporate income. As a foreign investor, you must inquire all the details from the consultancy company that can help you in learning about all the trading rules and how to incorporate a trading company. Non-trading Companies These companies don't have any such legislation restrictions and can be formed easily. They are also known as holding companies. For more information visit us at http://www.simplyoffshore.com/labuan-company-formation/ Resources is https://www.mindtalk.com/channel/news/post/a-basic-introductory-study-aboutlabuan-offshore-1054337127849922640.html

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