Labuan International Business Financial Centre (Labuan IBFC) is one of the most vibrant jurisdictions in Asia Pacific with its uniqueness as a ‘mid shore’ business hub.
Labuan offers flexibility for entrepreneurs to deal with international as well as Malaysian markets at low tax rates and easy access to comprehensive infrastructure, fully supporting your commercial needs at an affordable price.
Reasons why you should set up your business in Labuan include:
- Low tax from 0% to 3% with simple tax framework subjected to the Substance Requirement set by LFSA
- Transparent law and a white-list jurisdiction by OECD
- Cost effective platform for commercial substance support
- Strong regulatory framework covers all businesses solutions and wealth management needs
- Confidentiality secured
- Access to more than 70 Malaysia double tax treaty partners
- Eligibility to work and stay in Malaysia
- 100% foreign-owned without the need for a local partner
- Can deal in Ringgit and with local partner
- Dividends on profits to shareholder are non-taxable
- No requirement for trade licenses