Shelf Company in Labuan

 

Labuan is an important offshore jurisdiction which is among the preferences of investors who want to generate profits in this part of Asia and who are interested in a specific tax structure. A shelf company is usually chosen by entrepreneurs wanting to save time and skip the formalities of company incorporation. Also, there are cases in which a company needs to be active on the market for a particular period of time in order to propose and conclude varied contracts. Future clients or collaborators can be gained if a company has longevity on the market, like in the case of a shelf company in Labuan. Likewise, it is good to know that corporate credits are easily accessed and obtained with a shelf company instead of a newly-formed one. As it is already mentioned, a shelf company has a clear history meaning there are no liabilities, a matter which will be seriously evaluated by creditors who can also perform or solicit due diligence operations. In this matter, the creditors will be informed of the new company management and ownership, especially if it is a ready-made company involved. Even though it is not the case in Labuan, it must be mentioned the fact that shelf companies with bad debt history can remain on a shelf for a long period of time with lower chances for such companies to re-enter the market.

 

 

There are several changes to be done in a shelf company purchased by a client. For example, the company’s shares need to be transferred to the new owner in Labuan, a new name (not imposed) can be chosen by the proprietor, a new business address can be added if the owner wants to. The next step is to nominate a board of managers for the company and to agree and sign the responsibilities which can also be mentioned by the Articles of Association. An important thing to consider is that a shelf company is registered with a standard constitution. When such a company is transferred to the new owner, information must be comprised by that constitution by adding the exact changes in this matter. The credibility of a ready-made company in Labuan in front of financial institutions is definitely offered by the history of such firm, with the mention that an older company is more appealing to banks or potential investors. Even though there are many local or foreign entrepreneurs in Malaysia who think that opening a company from scratch is the proper option for their needs, there are cases in which the incorporation time is about the same as for buying a ready-made company. There is a complete attention of local authorities in matters of company formation in a fast manner because they aim to ease such a procedure in order to gain even more investors by providing a solid and reputable business climate no matter the activities and the chosen sector for their operations. Let us remind you that our company formation specialists in Labuan are at your service if you would like to buy a shelf company in Malaysia or if you are interested in setting up a Labuan trust.

 

• - the incorporation/constitutive documents;
• - the register of members and that of the directors/officers;
• - the shareholder agreement;
• - the license/licenses, if applicable;
• - other documents related to any past transactions, any relevant accounting records, etc.

 

 

Aged companies in Labuan are chosen by entrepreneurs who want a solid history in a business, a good corporate credit for future investments and who are interested in obtaining the business support of reputable companies on the market. There are many cases in which an older company is chosen for future collaborations instead of a newly incorporated firm in Malaysia. A bank is highly interested in the firm’s background and debt history before granting a credit. The fast registration of a ready-made company in Malaysia is definitely a solid advantage when it comes to choosing such type of firm instead of incorporating a new one from scratch. There are many shelf companies in Malaysia which are incorporated in varied sectors like IT, business consulting, manufacturing, tourism, retail and many more. Foreign investors who do not need or are not interested in a traditional office for their business in Labuan can solicit and buy virtual office packages which come with a notable business address, mail collection, and forwarding in agreement to the mentioned requests, phone and fax services, bank statement collection and many more. In the same package, the owner can receive a private local number and can benefit from the services of a virtual assistant at any time. There are many reasons why you should buy a ready-made company, but for more details and assistance in this matter, you may get in touch with our team of consultants in Malaysia.

 

General information about company formation in Labuan