Characteristics of Malaysia Offshore Company Incorporation
Company Type |
Limited by Share |
---|---|
Governing Corporate Legislation |
The legal system of Malaysia is based upon the British Common Law, and the companies are regulated under Bank Negara, The Labuan Company Formation Authority, Malaysia's Immigration, and the Inland Revenue Authority Law. |
Confidentiality |
By setting up a company in Labuan, a business will be privy to high levels of privacy and anonymity. |
Accounting Requirements |
All the tax filings and the various financial accounts of the company should be submitted annually. |
Taxation |
It's a tax haven, especially for offshore non-trading companies. A regular company enjoys corporate tax at 3%, and in the case of a holding company, the complete tax rate is 0% |
Legislation |
Modern Offshore Legislation |
Stability |
Stable political and Business Jurisdiction |
Minimum Directors |
Minimum of 1 Director |
The requirement to appoint Company Secretary |
Must have a resident Company Secretary |
The requirement to appoint an Auditor |
It is required to have a Company Secretary |
Registered Office |
Must have a registered office in Labuan |
Asset Protection
Nil or Low Corporate Tax
Enhances Confidentiality
Low Capital Requirements
Easy Transfer of Ownership
Exchange of Cryptocurrency
Setting up of Financial Corporation
Setting up a holding company
Import and Export of commodities
Making international investments
Trading in stocks and other global securities
Stockbroker/ Forex
International Business
Check for Eligibility
Provide Labuan Company Details
Additional Services
Decide a payment method
Receive the Company Kit
Documents Required to Register Malaysia Offshore Company**
- Certified copy of passport
- Certified copy of proof of address (utility bill like landline bill, electricity bill, water bill etc.)
- Bank Reference Letter
- Professional Reference Letter
- Curriculum Vitae
Offshore Banking Partners
FAQs
Who should use an offshore company?
There are various uses of an offshore company; these are:
● People in business can use it
● It can be used to maintain a specific domain name
● To conduct international Business
● For inheritance
● Can be utilized by stockbrokers
Can you choose the name for your company?
While filling the form, you need to provide three names of your choosing in order of your preference. If the first name is already in use, the next title will be allotted to you.
What is a DUNS number?
A DUNS is a unique number which is allotted to the company and is required by a company as it will help a company in searching for finance.