13Aug2024
13Aug2024
ASSET LEASING LICENCE LABUAN
Asset Leasing in Labuan Labuan asset leasing is defined as the business of letting or subletting property on hire for the purpose of the use of such property by the hirer, regardless whether the letting is with or without an option to purchase the property, including charters of ships. Assets include properties – any plant, [...] Read More
13Aug2024
LABUAN FINANCIAL SERVICES
Labuan Investment Bank License Labuan investment banks primarily cater to corporations, government entities, and high-net-worth individuals, focusing on their wealth management and investment goals. These banks are authorized to perform all activities typical of commercial banks, with the exception of servicing smaller retail clients and handling remittance transactions for individual or corporate accounts. The robust [...] Read More
13Aug2024
WEALTH MANAGEMENT
FOUNDATION PRIVATE TRUST PRIVATE TRUST COMPANIES FOUNDATION STRUCTURE Can be for Charitable or non-charitable purpose LICENSE ANNUAL FEE No license fee CORPORATE TAX To be advised as it depends on the income of the company SPECIAL REMARKS Waqf foundation is available for Muslim clients PRIVATE TRUST STRUCTURE Purpose Trust, Charitable Trust, Spendthrift or protective trusts; [...] Read More
13Aug2024
INSURANCE BUSINESSES
CAPTIVE INSURANCE CAPTIVE INSURANCE WITH PCC INSURANCE & RE-INSURANCE COMPANY INSURANCE BROKER INSURANCE MANAGERS CAPTIVE INSURANCE PAID UP CAPITAL Min RM 300K – 500K (USD66K-111K) LICENSE ANNUAL FEE USD 1,000 – USD 9,500 CORPORATE TAX 3% from audited net profit with substance CAPTIVE INSURANCE WITH PCC PAID UP CAPITAL Min RM 500K (USD111K) LICENSE ANNUAL [...] Read More
13Aug2024