序言 Registering a company in Labuan through Fionza Consultants is a seamless process. Our comprehensive business expansion services encompass Labuan International Business and Financial Centre (IBFC) company registration, local office and employee sourcing, corporate bank account setup, and license applications.
Labuan, an official Federal Territory of Malaysia, has garnered significant attention from foreign investors. This surge in interest stems from its favorable business environment, underpinned by a straightforward and attractive tax system. Labuan enjoys robust legal support through its regulator, the Labuan Financial Services Authority (Labuan FSA), which enforces a modern and internationally recognized legal framework.
Foreign investors opt for Labuan IBFC to establish their offshore entities and financial companies due to its diverse range of business and investment structures. These structures facilitate cross-border transactions, business operations, and wealth management requirements. Situated strategically in the heart of the Asia Pacific region, Labuan offers investors an ideal gateway to tap into the thriving Asian markets.
Our comprehensive service package covers all the essentials for foreign company registration in Malaysia, particularly in Labuan. To comply with Labuan’s economic substance requirements, companies in “Labuan business activity” must employ local staff, maintain a physical office, and meet designated domestic expenses. Fionza Consultants guides international clients in meeting new company formation requirements and ensuring compliance with Labuan’s economic substance regulations.
WHEN CAN I EXPECT TO START BUSINESS?
Fionza Consultants ensures a hassle-free and streamlined process for your Labuan company registration. Once we receive the necessary due diligence documents from directors and shareholders, we’ll promptly initiate the search for the availability of your chosen business trade name. The entire process can be conducted remotely, eliminating the need for you to travel to Labuan.
In just 2 weeks, you can anticipate receiving your new company’s essential documents, including the certificate of formation, memorandum & articles of association, and a register of directors and shareholders.
Depending on whether your business falls under the category of “Labuan business activity,” you may have additional requirements to meet. Should this be necessary, Fionza Consultants will assist you in recruiting local employees and securing a local office, ensuring compliance with Labuan’s economic substance regulations. Subsequently, you’ll manage salary payments and rent directly to your employees and landlord.
Within 4 weeks of company registration,Fionza Consultants will facilitate the opening of a corporate account with a Labuan or overseas bank. Depending on your business activity, some Labuan banks may request a face-to-face interview. In such cases, we’ll explore alternative identification methods, such as video conference calls or phone calls.
Should Labuan banks require your physical presence, Fionza Consultants will send a representative to attend the meeting, ensuring a successful offshore bank account opening process.
Engage Fionza Consultants, and you can start operations and issue invoices through your Labuan Company within 6 weeks. For those seeking a quicker but more expensive option, Labuan international company registration is available,allowing you to acquire a pre-established company with a bank account in Malaysia.
NEW LABUAN BUSINESS ACTIVITY TAX
These adjustments align with Malaysia’s commitments as a participant in the Inclusive Framework on Base Erosion and Profit Shifting (BEPS). They aim to tackle issues like tax evasion and detrimental tax practices,including the strengthening of substantial activities requirements in Labuan.
The updated Labuan Business Activity Tax (Requirements for Labuan Business Activity) Regulations came into effect on January 1,2019,reflecting Malaysia’s ongoing dedication as a member of the Inclusive Framework on BEPS. Through these amendments, Malaysia seeks to combat tax evasion, address harmful tax practices, and enhance tax transparency.
Before starting Labuan offshore company registration, it’s crucial to understand the requisites and regulatory responsibilities for your enterprise.Fionza Consultants,with a team of experts,provides international clients guidance on economic substance requirements and tailored solutions as needed. Explore this webpage for insights into how these modifications impact Labuan licensed entities.
LABUAN INTERNATIONAL BUSINESS COMPANY
These adjustments align with Malaysia’s commitments as a participant in the Inclusive Framework on Base Erosion and Profit Shifting (BEPS).They aim to tackle issues like tax evasion and detrimental tax practices,including the strengthening of substantial activities requirements in Labuan.
The revised Labuan Business Activity Tax Regulations, effective January 1, 2019, demonstrate Malaysia’s commitment to the Inclusive Framework on BEPS. Through these amendments, Malaysia seeks to combat tax evasion, address harmful tax practices, and enhance tax transparency.
Prior to initiating the Labuan offshore company registration process,it’s crucial to comprehend the requisites and regulatory responsibilities applicable to your enterprise.Fionza Consultants’ experts provide international clients guidance on economic substance prerequisites and tailored solutions as needed. Explore this webpage for insights into how these modifications impact Labuan licensed entities.
HOW TO REGISTER COMPANY IN LABUAN?
To successfully incorporate your Labuan business, Fionza Consultants recommends following these key steps:
Step 1:
Choose the Right Business Structure Our team of experts will assess your business model, needs, and objectives to suggest the most suitable structure. Labuan IBC, with its advantages of full foreign ownership and tax benefits, is often preferred by our international clients. We’ll also guide you on the optimal paid-up share capital, regulatory requirements, and the need for licenses, such as Fund Management License or Money Broking License. If additional economic substance requirements apply, we’ll assist in hiring local employees and securing a local office.
步骤 2:
Reserve Your Company Name After the initial checks, we’ll reserve a name for your company with the Labuan FSA, ensuring it’s not offensive or similar to existing names. Fionza Consultants will conduct a name check to minimize delays. The application fee is RM50 (US$12), and approval usually takes 24 hours, with the name reserved for 3 months.
步骤 3:
Prepare Supporting Documents Before setting up your company in Labuan, you’ll need to provide necessary KYC (Know Your Customer) documents, including director names and identification proof. Once we have all required documents, we’ll draft and notarize your company’s Memorandum and Articles of Association. Depending on business activity and structure, we’ll also draft articles of incorporation, a business plan, and other incorporation documents.
步骤 4:
File for Registration Now, you can proceed with incorporation. Submit your completed memorandum and articles of association along with the Labuan company registration fees of RM6,000 (US$2,000). Directors’ Declaration and Consent Letters indicating their willingness to take up appointments will also be required. With all documents and payments in order, this process can be completed in as quickly as 24 hours.
步骤 5:
Visa Application Fionza Consultants ensures your business remains compliant after incorporation. We’ll assist you in applying for the Labuan Company Work Permit, enabling you and your family to legally enter Malaysia and engage in business activities. Labuan Visa requirements are straightforward, requiring only a passport and a business plan. The minimum paid-up capital is affordable at US$1.
步骤 6:
Open a Corporate Bank Account Following registration, we’ll help you open a corporate bank account. We have established partnerships with reputable banks in Malaysia and worldwide. We’ll introduce your business to relationship managers and compliance teams. Typically, account opening takes about 4 weeks, often without the need for directors and shareholders to travel. If travel is required, our representative can accompany you. Alternatively, we can negotiate for a conference call or waiver with the banks. Once the account is established, we’ll send the internet banking token and access codes to your preferred address.
步骤 7:
Financial Reporting and Taxation Fionza Consultants ensures your company remains compliant with Labuan tax authorities, allowing you to enjoy the special Labuan offshore tax rate of 3%. We’ll timely prepare your financial statements, annual returns, and accounting records, filing them with relevant authorities and auditors. Annual filings and tax returns will be completed before government-mandated deadlines.
This step-by-step process, guided by Fionza Consultants, ensures a smooth and compliant Labuan business incorporation.
WHY DO COMPANIES INCORPORATE IN LABUAN?
The Malaysian government places great importance on foreign direct investments, creating a welcoming environment for international business owners in Labuan. Fionza Consultants assists with queries during company registration,using a PESTLE framework for comprehensive analysis of business feasibility in Labuan.
Political Environment:
Malaysia ranks 57th on the Corruption Perceptions Index (CPI),indicating a lower risk of corruption and bolstering investor confidence in political stability.
Malaysia’s ASEAN membership and positive political relationships with neighboring countries offer extensive regional business opportunities.
经济环境:
Labuan companies enjoy a significantly lower corporate tax rate of 3% on chargeable annual audited net income from Labuan trading activities.
Non-trading businesses in Labuan are not subject to corporate tax,contrasting sharply with the global average statutory corporate income tax rate of approximately 24%.
Malaysia ranks 27th on the Global Competitiveness Index, demonstrating its productivity and sustainable economic prosperity.
Malaysia’s nominal GDP ranking at 37th among 186 countries according to the International Monetary Fund (IMF) reflects a robust economy.
Social Environment:
Malaysia has high proficiency in English, ranking 30th on the EF English Proficiency Index and 3rd in Asia.
With a population of around 31.95 million and a 69% labor participation rate,foreign investors gain access to a sizable and cost-effective workforce.
Technological Environment:
Malaysia,ranking 5th among the top 10 developing Asian countries, has improved its global digital readiness ranking from 39th to 34th.
Government funding schemes and technology incubators like 1337 Ventures support tech startups and SMEs in Malaysia.
Legal Enviroment:
Malaysia ranks 12th globally for ease of doing business, showcasing its business-friendly regulatory environment.
Free Trade Agreements grant Labuan corporate entities access to foreign markets, fostering increased trade volume with partner countries.
Labuan IBFC follows global standards in financial services and regulation, providing diverse licenses for various financial businesses.
Environmental Environment:
Malaysia ranks 75th on the Environmental Performance Index (EPI), highlighting its efforts to address environmental challenges.
Malaysia’s Department of Environment has released a National Policy for environmentally sound and sustainable development.
Contact us to learn more about establishing a business in Labuan, and our expert team will respond within 24 hours. We are here to assist you in navigating the favorable business landscape in Labuan.