Scouting for new expansion opportunities? Consider a place with efficient tax structures, practical regulations for offshore business, maximum confidentiality, and ease of ownership transfer - Labuan.
When one thinks of expanding their business in Asia, places such as Singapore and Hong Kong are usually at the top of their list. Singapore is widely known for its comprehensive financial infrastructure while Hong Kong is famous for its tax benefits. However, many of us do not realize that there is another hidden gem in Asia that can provide similar financial services to Singapore as well as efficient tax structures like Hong Kong, which is Labuan.
Labuan is an offshore jurisdiction located in Malaysia, which can provide both features for your business. Labuan has been gaining popularity over the years due to the attractive tax structure where businesses can enjoy tax as low as 3 as long as substances are fulfilled. Furthermore, companies in Labuan can enjoy the Double Tax Agreement of Malaysia with more than 70 countries around the world. Moreover, one can also apply a 2-years renewable work permit in Labuan, which allows the work permit holder to reside anywhere in Malaysia.
Along with the growing demand of digital assets and services, Labuan provides all-round digital business infrastructures to facilitate and support various digital financial-related business DFS. Such businesses include digital banking, insurtech business to digital intermediaries, credit tokens, cryptocurrencies and many other digital businesses. By providing a low tax structure and a business-friendly environment, Labuan is the perfect place for growth-orientated companies.
Get in touch with BBS today and let our experience advisor to provide you a free consultation on how your business can leverage on the benefits of Labuan.
BBSTRUST.COM
Company Establishment Services
BBS Trust International Limited is a Labuan Trust Company licensed by the Labuan Financial Services Authority to provide professional business services under the Labuan Financial Services and Securities Act 2010.
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