Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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2775.00 USD | 1425.00 USD | 1 | 0.00% | 10000.00 | No |
Company registration in LabuanLabuan is a federal territory which is a part of the Federation of Malaya. The territory includes several islands, the main one of which has the same designation of Labuan. Labuan is known as an offshore banking center that takes advantage of the situation between Malaysia (Sabah), the Sultanate of Brunei and the Philippines. The administrative center is the city of Bandar Labuan. Labuan is the offshore jurisdiction, which is the financial center of Malaysia due to the favorable geographical disposition and one of the largest lists of existing agreements on avoidance of double taxation. Federal Territory of Labuan is a part of Malaysia, with a separate department of the Prime Minister responsible for its administration. The official language is Bahasa (Malaysia), but English is widely spoken. The official currency is the Malaysian ringgit, although offshore companies, as a rule, are prohibited to make transactions in local currency . In November 1989, Labuan was declared as an international offshore financial center and the first maritime laws were put into effect in October 1990. Financial Services Authority (LOFSA) is a state institution which is responsible for the management of the offshore industry in Labuan. Tax advantages for offshore companies in LabuanOffshore companies in Labuan have a special tax status. There are two types activities that determine the tax treatment of offshore company, such as trading and non-trading. The companies that issue shares or participate in other types of investment activities shall be exempt from paying tax. Trading companies are subject to taxation. They can pay a flat fee of RM 20,000 per year, or pay income tax at a rate of 3% in the Inland Revenue Department. Companies are allowed to choose the lowest tax rate.The Company may also pay a flat fee as an annual registration fee to the Registrar of Companies, instead of the Inland Revenue Department. In this case the company is not obliged to appoint an auditor and keep financial records. Investment Companies in LabuanLabuan’s offshore companies are widely used for investment purposes, in particular in China, Korea and Indonesia. It is also known as a good means for transnational investment from Europe to Asia. As a rule, it is as follows: the offshore company registered in Labuan invests in a country with high taxation and with which the state has an agreement on avoidance of double taxation. Types of companies stipulated by the current legislation of Labuan:
We will register a company for you (offshore company) in Labuan during the shortest possible time. It has never been easier to buy an offshore company cheaply in Labuan as it is now. One of the easiest and cheapest ways to start a legitimate international business activity is to register offshore company in Labuan. Registration of offshore companies is one of the main areas of work of our company. More details about the registration of business in Labuan, you can clarify with the lawyers of our company. |
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Nominee director and shareholder | |
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Square | 92.00 |
Population | 78 000.00 |
Capital | Labuan Town |
Unemployment | 5.00 |
State polity | constitutional monarchy |
Telephone code | 81 060 |
Place in the world in corruption | 56 |
location | The Federal Territoty of Labuan is part of Malaysia. Labuan lies off the north-west coast of Borneo |
Climate | tropical climate, wich warm and humid; two seasonal monsoon periods (april to June and September to December); avg. maximum temperature (July) +23°; avg. minimum temperature (January) +15° |
Literacy rate | 88.70% |
Ethnic groups | Malay; Chinese, Filipino, Indians and Bugis are the minor part of population. |
National currency | Ringgit |
USD exchange rate | 3.08 |
GDP per capita | 77 |
Official language | Bahasa Malaysia |
Credit rating | A- |
The judiciary | Supreme Court, Supreme Court, magistrates and session courts. Violations of the Shariah or adat under the jurisdiction of Islamic courts. |
Executive authority | Labuan Office submitted to the Federal Government of Malaysia |
Legislative authorities | Malaysian Federal Parliament: Senate and House of Representatives |
Opportunity to purchase ready-made companies | No |
Legal system | Common Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | Yes |
Indication of BPA in the name | Limited, Corp, BV, Pty, Ltd. If the name used by the Malaysian word "Berhad", must stand before him "(L)" to indicate that the company is registered in Labuan |
Local registered agent | Yes |
Standard currency | Ringgit |
The minimum amount of the issued capital | 1 |
Bearer shares | No |
The usual size of the authorized capital | USD 10,000 |
Usual nominal value of shares | USD 1 |
Possibility to issue shares without par value | No |
VAT | No |
Basic corporate tax rate | 0.00% |
Capital gains tax | No |
Currency control | No |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | Yes |
The data reveals to the local agent | Yes |
Data field to the public registry | Yes |
The requirement for the presence of the Secretary | Yes |
Requirement to the residense of the Secretary | Yes |
Requirements to qualification of the Secretary | Yes |
Legal entity as the Secretary | No |
Minimum number of shareholders | 1 |
Data is entered in the public register | No |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | No |
Shareholders-legal entities are acceptable | Yes |
The requirement for filing reports | No |
Open access to reports | No |
Statutory audit | No |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | No |
Treaty on avoidance of double taxation (States which signed) | 12 |
Membership in the OECD | No |
Is it offshore according to Russian legislation | Yes |