Финансово-консалтинговая компания CYWORLD WEALTH

TRADE COMPANY IN LABOAN

16 Dec
TRADE COMPANY IN LABOAN

TRADE COMPANY IN LABOAN

Labuan is the federal territorial unit of Malaysia. Back in 1990, the authorities organized an International Offshore Financial Center on this island. Today, a lot of large successful companies register subsidiaries in Labuan. In this article you will get more information about trade company in Laboan.

Taxes
If you want to register a trading company in Labuan, you can choose the appropriate tax system:

  • pay a tax of 3% on net profit;
  • pay a fixed amount of 5 thousand EUR per year.

Dividend tax – 0%. After registration, the company receives a tax number.

Confidentiality and governance structure

The register of enterprises in Labuan is closed. Information about the director and shareholders of a legal entity can be obtained only after an official request. Information about the beneficiary is an internal document of the company and is located at the registrar.

Structure

A legal entity must have at least one director and one shareholder. The citizenship of the director does not matter. It is possible to use a nominee service. Each company must have a local secretary.

Administration
Each year, the company must submit an Annua Report (the report must contain up-to-date information about the company, board of directors, shareholders, legal address).

Companies that have chosen to pay tax at a rate of 3% need to file an annual financial report. This report must be approved by the auditor. For other types of companies, it is not necessary to submit a financial report.

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.

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