Be a licensed currencies broker in Labuan

What is Labuan?

Labuan is a tax-free economic zone of Malaysia and a rapidly growing international business and financial hub in Southeast Asia.

What is Labuan Money Broker?

Verdict:
Having a Money Broker license issued by the Labuan Financial Services Authority (Labuan FSA) is the shortcut to start your business of Forex trading agency / platform and multi-currencies remittance amid the tightening regulatory in other international financial hubs.

Breakdown:
For effective money transfer in foreign exchange markets, Labuan Money Brokers are the agent and intermediary between both buyers and sellers to arrange money transactions between them and receive payment for its services in the form of commission fees. To avoid conflict of interests, money brokers are not allowed to act as a principal in transactions.

Benefits of Labuan Money Broker license

Low Tax

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.

One-Stop Setup

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.

Reputable

The list of licensed Labuan money brokers (by 14 Dec 2017):

• ABAUNION LIMITED
• ALBUS CAPITAL INC.
• ALFA ASSETS GROUP LIMITED
• AURIC INTERNATIONAL MARKETS LIMITED
• BULLBELL LIMITED
• BX FINANCIAL GROUP LIMITED
• CFX PRIME CLEARING CORPORATION
• CITY CREDIT CAPITAL (LABUAN) LTD
• D2M LTD.
• FINFX GLOBAL MARKETS LIMITED
• HIROSE FINANCIAL MY LIMITED
• ICE-FX MARKETS LIMITED
• IRC LIMITED
• MAKASKY LIMITED
• MARKET ALLIANCE LIMITED (F.K.A. INTERLINK CO., LTD.)
• MGK GLOBAL LTD
• MONEXPRO S.A
• ORTEGA CAPITAL LIMITED
• REVOLLET INTERNATIONAL LIMITED (F.K.A. MERCURISE LIMITED)
• SABA CAPITAL INC
• SG ADVISORY LIMITED
• TOPWORTH INVESTMENTS LTD
• TRADEWINDS FUTURES LIMITED
• VEGA CAPITAL CORPORATION (fka BCR CO LTD.)

Source: Labuan Financial Services Authority