 LABUAN
CORPORATE FEATURES
|
| GENERAL |
| Type of Company |
Offshore Trading |
Offshore Non Trading |
| Political Stability |
Good
|
| Common or Civil Law |
Common
|
| Disclosure of Beneficial
Owner |
No
|
| Tax on
Offshore Profits |
3% on profit or RM 20,000 |
Nil |
| Language of Name |
Latin Alphabet
|
| CORPORATE
REQUIREMENTS |
| Minimum Number of Shareholders |
One |
One |
| Minimum Number of Directors |
One |
One |
| Bearer Shares Allowed |
No |
No |
| Corporate Directors Permitted |
Yes |
Yes |
| Company Secretary Required |
Yes |
Yes |
| Standard Authorised Share
Capital |
US$ 10,000 |
US$ 10,000 |
| LOCAL
REQUIREMENTS |
| Registered Office/Agent |
Yes |
Yes |
| Company Secretary |
Yes |
Yes |
| Local Directors |
No |
No |
| Local Meetings |
No |
No |
| Government Register of Directors |
Yes (not public) |
Yes (not public) |
| Government Register of Shareholders |
Yes (not public) |
Yes (not public) |
| ANNUAL
REQUIREMENTS |
| Annual Return |
Yes |
Yes |
| Submit Accounts |
Yes |
No |
| RECURRING
GOVERNMENT COSTS |
| Minimum Annual Tax/Licence
Fee |
RM 2,600 |
RM 2,600 |
| Annual
Return Filing Fee |
Nil |
Nil |
|
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NAMES REQUIRING CONSENT OR LICENCE
Bank, building society, insurance, assurance, reinsurance,
fund management, investment fund, trust, trustees,
Chamber of Commerce, university, municipal or their
foreign language equivalents.
SUFFIXES TO DENOTE LIMITED LIABILITY
Corporation, Incorporated, Limited, Societe Anonyme
or Sociedad Anonima or the relevant abbreviations.
If the Malaysian word Berhad is used then it must
be preceded by "(L)" to denote that the
company is incorporated in Labuan.
DOUBLE TAXATION AGREEMENTS
Labuan, being a region of Malaysia, is party to
over forty double tax agreements. The countries include:
Albania, Australia, Austria, Bangladesh, Belgium,
Canada, China, Czech Republic, Denmark, Finland,
France, Germany, Hungary, India, Indonesia, Italy,
Japan, Korea, Malta, Mauritius, Mongolia, Netherlands,
New Zealand, Norway, Pakistan, Papua New Guinea,
Philippines, Poland, Romania, Saudi Arabia, Soviet
Union, Singapore, Sri Lanka, Sudan, Sweden, Switzerland,
Thailand, Turkey, UAE, UK, Vietnam, Yugoslavia and
Zimbabwe.
|
Jurisdictions
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