LABUAN INTERNATIONAL TRADING COMMODITIES
- PHYSICAL PRODUCTS & DERIVATIVES Petroleum and petroleum-related products including liquefied natural gas; Minerals; Refined raw materials; Base minerals; and Coal Agriculture products; Chemicals
- LICENSE ANNUAL FEE USD13,000
- CORPORATE TAX 3% from audited net profit with substance
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FAQ
License: Commodity trading
The minimum paid-up capital requirement is based on the nature of your business, but there are no specific capital amounts listed above. However, a substantial turnover and operational commitments are required.
Companies licensed under this scheme are subject to a 3% corporate tax on their audited net profits, provided they meet the substance requirements set by Labuan’s regulatory framework.
- A minimum annual turnover of USD 50 million.
- The company must employ at least three professional traders involved in trading, risk management, procurement, or sales & marketing. These employees must also be tax residents of Malaysia.
- The company is required to establish operational offices anywhere in Malaysia.
The annual license fee for this type of company is USD 13,000.
The company must demonstrate substance by:
- Maintaining a minimum annual turnover of USD 50 million.
- Employing at least three professional traders who are tax residents of Malaysia.
- Establishing operational offices within Malaysia.