WHAT IS COMPANY MIGRATION OR RE-DOMICILIATION? Company migration or re-domiciliation occurs when a company undergoes a relocation process from one jurisdiction to another, while retaining its legal identity. The company in its origin country incorporated do not need to go through liquidation process and can be re-domicile to Labuan International Business Financial Centre (IBFC).  There is no need to transfer its existing assets and liabilities…More

One of the most questions we received on top of “how to incorporate a Labuan company“ is “how close a Labuan company“ “How to close a Labuan company” is more of a simple layman terms which should be used as “how to dissolve a Labuan company“.  There are two ways on how to dissolve a Labuan company: 1. Voluntary Winding Up Under Section 131A of…More

A Labuan company means a company incorporated under the Labuan companies Act 1990. A Labuan company may be limited by shares or by guarantee or an unlimited company. Residents and Non-Residents of Malaysia (or foreigners) are permitted to establish Labuan companies. Business transactions of Labuan companies must be made in currencies other than the Malaysian Ringgit, except for the purpose of defraying administrative and statutory…More

If you’re thinking of setting up a company and you’re looking for somewhere to incorporate your business and manage your wealth, there is a place where doing business can save you enormous amounts on company tax: Labuan. Located off the northwest coast of Borneo, Labuan is one of Malaysia’s federal territories. Strategically positioned in the heart of the Asia-Pacific region, Labuan offers a comprehensive solution,…More

Compared to other offshore jurisdictions, incorporating in Labuan needs fewer documents. Roughly comparable to opening a bank account. You can find a tentative list below. Depending on your specific situation, additional documents may be needed. Passport (to be certified true copy by Commissioner of Oath, Notary Public or Embassy) Utility Bill to proof home resident (to be certified true copy by Commissioner of Oath, Notary…More

Clients often ask us about the total cost of incorporating and running a Labuan company. This post summarizes the main expenses. Compared to other international offshore centers, the cost in Labuan is quite reasonable. Cost of New Incorporation depends on the type of company you intend to set up and the amount of the paid up capital.  The type of company for example can be…More

The process and time frame for the new Labuan Incorporation & Bank Account are as follows: 1. Name Reservation – 2 days 2. Incorporation Company – 3 days 3. Apply Letter of Information for Bank Account Opening – 1 week 4. Client come to Labuan for Bank Account Specimen & Interview – 1 Day 5. Bank Account open – 3 weeks 6. Bank token for…More