Labuan is a federal territory of Malaysia and well known for its lenient and tax and incorporation policies. Many people and entrepreneurs are getting attracted towards this offshore business hub of Malaysia for setting up their businesses. The business environment here is quite appealing in terms of taxation, incorporation procedures and ownership policies. If you also wish to start your own company here, then a labuan trust can help you out with it.
Malaysia, particularly Labuan, has been a hub for international business since many years; one of the primary reasons is its low tax regime. Secondly, starting a company in Labuan is very simple; a foreign inhabitant can own a company with 100 % ownership without any partnerships or liability. You do not have to keep too many people in your business, only a Director and a few shareholders are more than enough to give you company an added benefit of having a simple structure.
Some of the major benefits, apart from aforementioned ones, of owning a Labuan international company include-
- Low paid-up capital
- Easy and non-restricted international trading
- Yearly taxation on profit is only 3%
- Allowed to deal with local Malaysian companies
- Fast incorporation procedure and can be done even if you are not physically present there
- No GST or sales and service tax is applied on your transactions.
All and all selecting Labuan for your business hub will be the best professional decision. There are many companies in Labuan to help you out with setting up your own Labuan offshore company in no time. These local companies are not only experienced but also a reliable source and they can help you with the complete procedure of a company setup. If you are also looking for one such company that can help you in starting-off in Labuan, then CS Trust is the name to count on.
CS Trust is the leading provider of personalized business services at the most competitive prices. They help you not just in setting up your business, but also in meeting all its administrative needs. CS Trust is the best company in Labuan that strives hard to help you grow your business in every possible way. They also help the already existing Labuan companies with their different business needs.
About CS Trust:
CS Trust is a renowned Labuan based company offering services which include setting up a Labuan company at low Labuan company formation cost, tax filing services, book keeping and accountancy and many more.
For more information, please visit Cstcl.com.my.