Malaysia (Labuan) Corporate Taxes

THE SCF GROUP HAS BEEN FORMING AND MANAGING MALAYSIAN/LABUAN COMPANIES FOR OVER 10 YEARS

TAXATION OF MALAYSIAN LABUAN COMPANIES

No corporate taxes for ‘passive’ trading companies: No tax is imposed on the income of offshore companies in Labuan which are non-trading companies carrying on offshore non-trading activities such as the holding of shares, immovable property (i.e. a house or office), taking loans and/or placing deposits. Non-trading companies must maintain proper company books and accounts but do not need to have their accounts audited;
Internationally Trading need pay only 3% corporate tax or a flat rate tax of 20,000 Ringgit: Where companies are trading outside of Labuan they will be subject to a tax rate of 3% on their world-wide profits or a maximum annual payment of approximately €4,125.00 depending on the fiscal election. The accounts of trading companies must not only be properly maintained but are also subject to an annual audit;

THE GENERAL POSITION – Labuan is a very attractive business location benefiting in many cases from the extensive double taxation treaty network enjoyed by Malaysia itself. The territory is stable, well managed and not stigmatised as an offshore centre despite having extremely attractive corporate tax rates.

For more information on Malyasia (Labuan) Company Formation services, please speak to a tax planning consultant.

PRIORITY ENQUIRY FORM

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SCF Legal & Corporate Management Services Limited

Address: 250 Kings Road, Chelsea, London SW3 5UE

Telephone: 020 7731 2020 Email: enquiries@scfgroup.com

Registration number: 05462416

A FULL RANGE OF LEGAL, ACCOUNTANCY & COMPANY MANAGEMENT SERVICES

The SCF International specializes in providing accountancy and management services for UK and Irish limited companies, UK & Irish company management services including the provision of (where necessary) domestic directors, domestic company secretaries, registered office address services, trading offices, value added tax (VAT) registration and management, payroll (Pay as You Earn PAYE), opening up and managing UK or Irish bank account facilities, raising invoices and any and/or all other services required to establish a bone fide managed and controlled UK or Irish limited liability company.

Our in-house team of legally and accountancy qualified experts can also provide advice on current UK & Irish tax laws/provisions including anti-avoidance provisions, EU directives and regulations, the impact of BREXIT for both UK and EU based businesses and other relevant. In addition, where required the SCF Group can also set-up and arrange the management of companies in tax efficient EU based jurisdictions such as Cyprus, Luxembourg or Malta or indeed any jurisdiction in the world including those in the Middle and Far East.

Property de-enveloping services – In conjunction with leading UK firms of solicitors SCF can help transfer companies currently held by what were known as ‘offshore’ companies into either more tax efficient UK companies or directly back into the names of individual beneficial owners’ often without attracting stamp duty land tax (SDLT) but still avoiding the advance tax on enveloped dwellings (ATED).

Our fiscal migration and tax planning department is operated by qualified lawyers and accountants and can advise both domiciled and non-domiciled individuals on how to mitigate their individual and corporate tax exposure be it in the UK or abroad. Our legal & business department can provide specialized advice on all domestic and international tax planning issues but also upon ‘key’ issues such as asset protection be it in the form of trusts and private interest foundations (PIF’s). In particular, SCF can provide advice to those intending to relocate to the UK on how to do so in the most tax efficient way.