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Incorporate in Labuan (Malaysia)
$4,300.00
Set up a Labuan Company
The Labuan International Business and Financial Centre is a reputable free trade area located in the Federal Territory of Labuan, an island off the coast of the state of Sabah in East Malaysia.
Labuan is becoming one of the major financial hubs of Asia due to its pro-business regulation, low taxes and compliance with international standards on due diligence and transparency.
Companies incorporated in Labuan carrying on certain business activities and having economic substance in Labuan benefit from an attractive tax regime. Labuan business activities (as defined by law) qualify for a 3% concessionary tax rate (as opposed to the Malaysian 24% standard tax rate). Any business done with Malaysian residents may be subject to 24% tax (and limited deductibility of expenses). The qualifying activities for the 3% tax rate include:
- Labuan insurer, Labuan reinsurer, Labuan takaful operator, Labuan retakaful operator
- Labuan underwriting manager or Labuan underwriting takaful manager
- Labuan insurance manager or Labuan takaful manager
- Labuan insurance broker or Labuan takaful broker
- Labuan captive insurer or Labuan captive takaful
- Labuan International Commodity Trading Company
- Labuan bank, Labuan investment bank, Labuan Islamic bank or Labuan Islamic investment bank
- Labuan trust company
- Labuan leasing company of Labuan Islamic leasing company
- Labuan development finance company or Labuan Islamic development finance company
- Labuan building credit company or Labuan Islamic building credit company
- Labuan factoring company or Labuan Islamic factoring company
- Labuan money broker or Labuan Islamic money broker
- Labuan fund manager
- Labuan securities licensee or Labuan Islamic securities licensee
- Labuan fund administrator
- Labuan company management
- Labuan International Financial Exchange
- Self-regulatory organisation or Islamic self-regulatory organisation
- Holding Company
- Administrative, Accounting and Legal Services
Labuan Limited Company Formation and First-Year Fees- USD 4,300.00 (All Included)
Note that our incorporation and annual fees are all “all-included fees”, and cover all the required services, duties, disbursements, and procedures to incorporate a Labuan company, and keep it in good standing (excluding annual audited accounts, if required)
- All Applicable Government and Registration Fees (Labuan Financial Services Authority)
- Preparing and filing the Memorandum and Articles of Association with the LFSA
- Providing the Certificate of Incorporation and LFSA-filed M&AA
- Preparing the Directors’ Declaration and Consent Letters
- Preparing the Shareholders’ Declaration Letters
- preparing the share certificate(s)
- Preparing and executing the Subscriber Declaration of allotted share capital
- Preparing the First Board Resolution resolving the Appointment of Directors, Registered Office, and other corporate matters
- Preparing and executing a Certificate of Incumbency for bank account opening
- Providing Resident Corporate Secretary Services for one year
- Providing Registered Office Address for one year
- Preparing and filing the Annual Return of the Company
- Updating and lodging all directors and shareholders to the LFSA
- Forwarding via email correspondence received from LFSA, Inland Revenue, and other related government bodies.
- Preparing and Delivering Certified Copies of the Corporate Documents via Courier, inclusive of Courier fees
Time to form the company
Generally, it takes us 2 to 3 days to prepare all the pre-incorporation documents which need to be printed and signed by the proposed Shareholders and Directors of the proposed company. Once we receive the original signed pre-incorporation documents, we will file the company with the LFSA. At that point, it will take 3 to 5 business days for the LFSA to issue the Certificate of Incorporation and release the stamped M&AA.
Malaysia / Labuan Bank Account Opening Services (Optional)
We assist you in opening a bank account for the Company in Labuan.
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Labuan Bank Account - USD $ 500.00
Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank IslamUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesMayBank International Labuan BranchUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesCitibankUSD 250,000NoMulticurrencyYes
Note that we can also open overseas bank accounts for Labuan companies in the following offshore jurisdictions:
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Antigua Bank Account - USD $ 300.00
Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGlobal Bank of CommerceUSD 25,000YesUSD, EUR, GBPYesDBankUSD 10,000YesUSD, EURYesNorth International BankUSD 5,000YesUSD, EURYes
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Bahamas Bank Account - USD $ 500.00
Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDeltecUSD 1,000,000NoMulticurrencyYesEFG BankUSD 1,000,000NoMulticurrencyYesCapital Union BankUSD 500,000NoMulticurrencyYes
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Belize Bank Account - USD $ 300.00
Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCaye BankUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesHeritage BankUSD 3,000YesMulticurrencyYesBelize Bank InternationalUSD 4,000NoEUR, GBP, USDYes
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BVI Bank Account - USD $ 900.00
BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsVP BankUSD 250,000NoMulticurrencyYesBank of AsiaUSD 20,000NoUSD, GBP, HKDYes
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Cayman Islands Bank Account - USD $ 700.00
Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman National BankUSD 100,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesNCB Cayman LimitedUSD 100,000YesUSD, EUR, CAD, GBPYes
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Cook Islands Bank Account - USD $ 600.00
Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital Security BankUSD 20,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00
Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsExprinter International Bank N.V.USD 100,000YesMulticurrencyYes
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Dominica Bank Account - USD $ 300.00
Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEqiBankUSD 15,000YesUSD, EUR, GBPYesKingdom BankN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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EMI Bank Account - USD $ 300.00
EMI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUK EMI AccountN/ANoEUR, GBPYesLithuania EMI AccountN/ANoMulticurrencyYesMalta EMI AccountN/ANoEURYesCanada EMI AccountN/ANoEURYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesHong Kong EMI AccountN/ANoUSD, EUR, GBP, HKDYesCurrently, the Neat account is available for businesses incorporated in Hong Kong, Australia, BVI, Cayman Islands and New Zealand only.Ireland EMI AccountN/ANoEUR, MulticurrencyYesSingapore EMI AccountN/AYesSGD, USDYesOnly companies incorporated in APAC jurisdictions.
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Gibraltar Bank Account - USD $ 1,200.00
Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsTuricum Private BankUSD 200,000NoUSD, EUR, GBPYesMoneycorp Bank Limitedcase-by-caseNoMulticurrencyYes
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Hong Kong Bank Account - USD $ 2,000.00
Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDBS BankHKD 200,000YesHKD, USD, MulticurrencyYesA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00
Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCapital International BankN/ANoUSD, EUR, GBPYes
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Liechtenstein Bank Account - USD $ 1,200.00
Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAlpinumCHF 250,000NoMulticurrencyYesCompanies conducting commercial activities (as opposed to only holding assets) must have a physical presence in the form of offices and employees in the country where it is incorporated or tax resident.Bendura BankUSD 500,000NoMulticurrencyYes
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Luxembourg Bank Account - USD $ 1,200.00
Luxembourg Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsEast West United BankN/AYesUSD, EUR, GBP, RUB, CHFYesCompanies conducting commercial activities are expected to conduct at least 30 incoming / outgoing transactions per month.
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Mauritius Bank Account - USD $ 600.00
Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBank OneUSD 25,000YesMulticurrencyYesCompanies must have some form of business connection to Africa in the form of clients, suppliers or investments.InvestecUSD 50,000YesMulticurrencyYes
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Panama Bank Account - USD $ 1,200.00
Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMMG BankUSD 10,000YesUSD, EUR, CHF, GBP, CADYesCredicorpUSD 50,000YesUSD, EURYesCapital BankUSD 20,000YesUSDYes
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Puerto Rico Bank Account - USD $ 300.00
Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsFV BankCase by caseYesUSDYesStrategic BankUSD 100,000NoUSDYesArival BankN/ANoUSDYesCB International Bank LLCN/ANoMulticurrencyYes
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Saint Lucia Bank Account - USD $ 300.00
Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPROVEN BANK (Former BOSLIL)USD 5,000YesUSD, EUR, GBP, HKDYes
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Seychelles Bank Account - USD $ 500.00
Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAl SalamUSD 25,000YesUSDYes
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Singapore Bank Account - USD $ 900.00
Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsOCBC BankUSD 30,000YesUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.RHBSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.DBS BankSGD 250,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.UOB BankSGD 350,000YesMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Credit SuisseUSD 3,000,000NoUSD, SGDYesBank of ChinaSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00
Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsmbaerCHF 5,000NoMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000SygnumCHF 3,000,000NoMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services.Credit SuisseCHF 1,000,000YesMulticurrencyYes
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USA Bank Account - USD $ 1,400.00
USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountN/A (USD 250,000 preferred)NoUSDYes
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Vanuatu Bank Account - USD $ 500.00
Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPacific Private BankUSD 1,500NoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Labuan Company Annual Fees – USD 3,200.00 (payable one year after incorporation, and annually thereafter)
- Preparing and filing Corporate Tax Return
- All applicable LFSA annual fees per company
- Providing Resident Corporate Secretary Services for one year
- Providing Registered Office Address for one year
- Maintenance of Minute Book and Statutory Records
- Preparing and filing the Annual Return of the Company
- Updating and lodging all directors and shareholders to the LFSA
- Forwarding via email correspondence received from LFSA, Inland Revenue, and other related government bodies.
Other Services (Optional)
- Formation and Establishment of Private Foundations
- LFSA-licensing of Money Brokers, Fund Management Companies, Securities Dealers, and Private Funds
- Economic Substance Services (Local Directorship, Physical Office, Labuan Labour, Outsourcing of CIGA, etc)
- Audit Services
- Accounting Services