Background
Labuan is an island, 92 sq km in size, off the north-west coast of the former British Borneo and Brunei Darussalam and is strategically located roughly equidistant from Bangkok, Hong Kong, Jakarta, Kuala Lumpur, Manila and Singapore. It is mostly flat with a good harbour and is accessible by air, with daily services from Kuala Lumpur and from most Asian capitals.
Advantages of Labuan Company:
01.
Labuan plays an effective role in the development of the economies of ASEAN countries
02.
All offshore business transactions attract no stamp duty and capital gains are not subject to any form of tax
03.
Not subject to Malaysian exchange controls
04.
Malaysia enjoys tariff reductions in the ASEAN Free Trade Area (AFTA), and more than 60 DTAs have been signed