Company formation in Labuan, Malaysia
Labuan company
Legal minimum, year 1£4,285
Legal minimum, per year after£2,365
Typical year 1£10,213
Corporation tax3%Ease Banking
Every fee
Setting up
Government fee£770
About US$1,000 Labuan FSA feesLabuan trust company formation£1,150 to 2,300
RequiredUS$1,500 to $3,000
Share capitalUS$1
Time to form1 to 3 weeks
Running it, per year
Labuan FSA annual fee£615 to 770
Required
Labuan trust company£1,150 to 2,300
Required
Statutory audit£600 to 1,500
Required
Substance for 3% rate£0 to 8,500
Practically needed2 staff and RM50,000 local spend
Legal minimum after year 1£2,365
Audit: Mandatory for trading companiesForeign ownersNo resident director; licensed Labuan trust company requiredRemote via Labuan trust company
Tax3% of audited net profit for trading (0% holding) if substance met; otherwise 24%Dividend withholding: 0%VAT/GST: None in Labuan
BankingLabuan banks workable with substance
Substance for the 3% rate: typically 2 full-time staff and RM50,000 a year of local spending.
Questions
- How much does it cost to set up a company in Labuan, Malaysia?
- The legal minimum for the first year is £4,285, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £10,213. The government fee is £770 (About US$1,000 Labuan FSA fees). Share capital is not included.
- How much does it cost per year to run a company in Labuan, Malaysia?
- The legal minimum after the first year is £2,365 a year. Running costs including optional and practically needed services range from £2,365 to 13,070. Audit: Mandatory for trading companies.
- Do I need a local director in Labuan, Malaysia?
- No. No resident director; licensed Labuan trust company required.
- Can a non-resident form a company in Labuan, Malaysia remotely?
- Yes. Remote via Labuan trust company.
- What is the corporation tax rate in Labuan, Malaysia?
- 3% of audited net profit for trading (0% holding) if substance met; otherwise 24%. Dividend withholding: 0%. VAT/GST: None in Labuan.
- How long does it take to form a company in Labuan, Malaysia?
- 1 to 3 weeks.
Elsewhere in Asia-Pacific
Get quotes for setting up in Labuan, Malaysia
Tell us what you need and we'll pass it to firms that can help.