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.