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Introduction | Information
LABUAN
 
Labuan is an island strategically located in the Asia-Pacific region which has special tax status. It is administered by the Federal Government of Malaysia and has a developed infrastructure. It is a suitable, credible location in Asia with less bureaucracy than Hong Kong.
Labuan was declared a tax haven in 1990 as the first step toward developing it into Malaysia's own offshore financial centre. It is particularly popular for Islamic companies and structures.
- Exchange controls are very liberal
- Incorporation – 5 days
- Economically strong and politically stable
- No restrictions on where meetings are held
- 3 per cent tax on net audited profits of offshore trading companies. Those that do not trade do not pay tax.
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