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Open an International Company in Labuan

Updated on Wednesday 26th September 2018

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Labuan is a special region of Malaysia where investors can benefit from numerous tax incentives. The company formation procedure is much simpler in the jurisdiction of Labuan and businessmen can choose from two main types of companies: Labuan international company (IBC) and the Sendirian Berhad (SND BHD) – which refers to a private company. Those who are interested in opening a company in Malaysia can register a Labuan international company(IBC), which provides several advantages, many related to the taxation of the entity. Our team of company formation consultants in Labuan can offer in-depth details related to the registration of this type of legal entity. 
 

Register an international company in Labuan  

 
Foreign investors interested in company incorporation in Malaysia should perform several compulsory steps in order to open an IBC in Labuan. The businessmen will first have to register the company, a process which starts by establishing the business purpose of the entity, as well as its internal structure. The businessmen will also have to propose up to three trading names for the business. 
 
Foreign entrepreneurs will also need to obtain relevant visas when registering an IBC in Labuan, Malaysia and in this sense we mention that it is necessary to obtain the Labuan business visa. An international company registered here will have to comply with the following relevant authorities:
 
  • Labuan Financial Services Authorities;
  • Inland Revenue Authority;
  • Malaysia Immigration Department;
  • Central Bank of Malaysia.
 
Our team of company formation representatives in Labuan can offer more information related to the compliance with the local authorities.  Also, you are invited to watch the video below that explains the formalities for IBC formation in Labuan
 

 

The advantages of a Labuan international company  

 
The Labuan international company provides several advantages to its investors. Firstly, it allows the registration of the company with 100% foreign ownership. The minimum share capital of the company is established at USD 1 and the business entity can have up to 50 shareholders. Such companies do not require obtaining trading licenses for various activities, which are normally required for other business forms. 
 
At the same time, they benefit from the provisions established by the double taxation treaties enforced here. The tax for the company’s net profits is set at 3% for international sales, while sales performed in Labuan, Malaysia, are taxed at the rate of 24%. 
 
Investors who have further questions on the IBC in Labuan are invited to contact our team of company formation agents in Labuan for more details. 

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