What are the benefits to do business in Labuan, Malaysia? How to open an offshore company in Labuan, Malaysia?

Malaysia is the third-largest country in Southeast Asia and the 35th in the world. The government of Malaysia has built a friendly business environment and provided a variety of incentive policies for foreign investors and businesses to open an offshore company in Labuan.

Labuan is a Federal Territory of Malaysia and a strategic place to invest in Asia. In recent years, Labuan has become a popular jurisdiction to attract many investors and businesses around the world. Investors and businesses will enjoy a lot of benefits such as low taxes, 100% foreign-owned, cost-effective, and confidentiality secured, etc. to do business in Labuan, Malaysia.

Labuan is not only a famous place to travel but also an ideal place to open an offshore company. In order to do business in Labuan, you need to follow these steps:

Step 1: Choose your business nature and structure that fits your business plan;

Step 2: Decide and propose 3 valid names for your company; 

Step 3: Decide on Paid-Up Capital;

Step 4: Open a corporate bank account for your offshore company;

Step 5: Consider if you need two years’ multiple entry work visas for yourself, partners, and family members.

Together with Singapore, Hong Kong, Vietnam, etc. Labuan has become the new destination in Asia, where global investors and businessmen come to expand their business.