LEASING
- PAID UP CAPITAL Maintain sufficient paid up capital
- LICENSE ANNUAL FEE USD20,000
- CORPORATE TAX 3% from audited net profit with substance
FAQ
The asset being leased must have a minimum value of USD 1 million.
Companies must maintain sufficient paid-up capital to meet their operational needs. While there is no specific amount mentioned, it should be enough to support the leasing business.
The annual license fee for operating under the Labuan Leasing License is USD 20,000.
Companies are subject to a 3% corporate tax on their audited net profits, provided they meet the substance requirements.
To qualify for the 3% tax rate, the company must demonstrate substance by maintaining an operational presence in Labuan or Malaysia. This typically includes having local employees, a physical office, and conducting core activities in the region.
Yes, the assets leased must be high-value items such as helicopters, aircraft, vessels, or submarines, with a minimum value of USD 1 million.