Difference between Labuan n a standard Malaysian company

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Baloushi Active member

Member since 31 August 2013

BaloushiActive member28 February 2014 13:41:53

Hi,
I would like to know what are the main differences in Labuan and a standard Malaysian company specially if a foreigner is the owner.

Regards

Gravitas ViP

Member since 02 March 2011

GravitasViP01 March 2014 00:20:23

9040

Labuan - offshore company - no transactions in Malaysian Ringitt (expenses can be paid in RM) - possible to open sales office on mainland Malaysia and live there. Malaysian company requires large cash injections (RM500k per shareholder (2 required) if 100% foreign owned. RM350k if part owned with a Malaysian citizen. Both need a sound business plan and a dedicated office space (i.e.not run from home). This is just the basics. Look up simplyoffshore for details about Labuan and malaysiabizadvisory for Malaysian companies.

Baloushi Active member

Member since 31 August 2013

BaloushiActive member01 March 2014 01:41:23

Thanks my friend, let me check the related website for further details.

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