Malaysia Hotline: +603-2141 8908
The Federal Territory of Labuan is part of Malaysia and comprises seven small islands of which Pulau Labuan is the largest. Labuan lies off the north-west coast of Borneo and not far from Brunei Darussalam. It is located on the major shipping and air routes of the Asian Region and is Malaysia’s only deep water anchorage. Labuan is roughly triangular in shape and derives its name from the Malay word for “an anchorage”. Labuan has a tropical climate, which is warm and humid throughout the year. Daytime temperatures average 30°C with two seasonal monsoon periods stretching from April to June and from September to December.
The Island of Labuan covers an area of approximately 92 sq. km, and has an estimated population of 75,000. The largest town and financial center is Labuan Town and the main language is Bahasa Melayu but English, Tamil and various Chinese dialects are widely spoken.
The Nation is economically strong and politically stable. Under the guidance of LOFSA (the Labuan Offshore Financial Services Authority) the Malaysian authorities have invested heavily into the improvement of Labuan’s physical infrastructure, which is completely modernized and provides a state of the art telecommunications system including an Internet Gateway which provides an e-commerce platform. More than 50 of the world's top banks have branches in Labuan.
The primary reason to elect as Labuan company is that the company will enjoy low tax rate imposed which is 3% of audited net profits or fixed tax of RM20,000. There will be substantial tax savings if compared to open conventional Sendirian Berhad (Sdn Bhd) which will be imposed of fixed tax rate of 25%.
Labuan incorporated company has to:-
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Do business with non-Malaysian company / foreign company
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Do business in non-Malaysian currency
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Business nature falls under either Labuan Trading Activity or Labuan Non-Trading Activity
Tannet Malaysia is an International Consultant Firm based in Hong Kong, Shenzhen. We provide various of business services and offshore company incorporation is one of our services. We offer Samoa, Cayman, Belize, BVI, Dubai, England, Labuan offshore company incorporation and etc. Other services such as global trademark registration, virtual office, bookkeeping services and etc, If you are interested in our other services, kindly contact Tannet for more information.
**Labuan non-trading activity means an activity relating to the holding of investments in securities, stocks, shares, loans, deposits or any other properties by a Labuan entity on its own behalf.
**Labuan trading activity includes banking, insurance, trading, management, licensing, shipping operations or any other activity which is not a Labuan non-trading activity.
**If it happens to have transactions that involve Ringgit Malaysia (MYR) currency or transactions with Malaysians, then this particular portion of profits will be taxed under normal 25% tax rate according to Malaysia taxation Law.
Contact Us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours China hotline：86-755- 36990589;
Email: mytannet@gmail.com