Benefits of Labuan Money Broker license
Incorporate a Labuan company to leverage the Labuan taxation regime to conduct money brokerage business: Self-election of the tax position to enjoy either 3% corporate tax rate (audited accounts is required) or flat tax payment of RM20,000 (~USD6,666) for exemption from audited accounts.
Double Tax Relief
Labuan companies can tap onto double taxation avoidance agreements (tax treaties) signed between Malaysia government and over 70 jurisdictions, in which over 50 countries also recognize Labuan companies as the same entity as Malaysia companies.
As money brokerage is the key business in Labuan which offer favorable environment to foreign inbound investment, our consultants are confident to support your establishment in Labuan: incorporation, local office setup, employment management, bank account opening, and money broker license application.