The attributes of overseas companies in Labuan are between countries with overseas income tax exemption and special tax strategy planning purposes. Their tax system is similar to that of overseas companies in Singapore, but the difficulty of tax arrangement is simpler than that of Singapore companies. For example, Labuan Company stipulates that the maximum tax payment is RM20,000, while Singapore companies have no such explicit provisions. Namin formulates relevant tax systems according to the business activities of its overseas companies, which can be roughly divided into two types:
Tax system: 1. 3% of net profit is charged as business tax, or 2. Regardless of profit and turnover, it pays RM 20,000 (US$ 5,200, HK$ 4,654,38+084,400) annually.
You can freely choose one of the above two calculation methods to fill in the form according to your tax situation. In either case, the maximum tax payment is RM 20,000.
The figures listed above are for reference only. If there is any change without notice, the laws and regulations at that time shall prevail. 1. Directors/shareholders of the company need to be registered. The nationality of directors/shareholders of the company is not limited, and they can be natural persons or legal persons.
2. The company may appoint anonymous directors and shareholders (non-related parties).
3. The registered capital has no upper and lower limits and can be calculated in US dollars or Malaysian ringgit.
4. The company was established quickly and conveniently. It only takes 14 working days to name the company yourself.
5. The annual government expenses of overseas companies in Labuan, regardless of their capital, will be US dollars and 700 yuan RMB. (Please see the table on the right)
6. You need a registered address, a local agent and a secretary in Labin.
7. The company needs to hold a meeting of directors and shareholders once a year, and the place and method of the meeting can be held by the directors/shareholders in the most appropriate form.
8. Tax returns are required every year.
9. The company name is mainly in English, ending with: Ltd, Corp, Inc., Bhd, Gmbh, SdnBhd, etc. Information code: 566187168691373.