| Labuan Company Formation and Offshore Bank Account |
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Labuan is a Malayan offshore financial centre, which offers international business and financial services since it was founded in 1990. These services are offered via the Labuan IBFC. The island is also a popular destination for tourists from Brunei and for scuba divers. The Federal Territory of Labuan (the full name) is comprised of Labuan Island (has 75 sq. km) and a number of smaller islands. The total size of the federation is 92 sq. km. Its location is a few miles from the Borneo coast, near the Sabah Malaysian state and the Brunei state. The highest point in the Labuan islands is only 85 meters. The major port and town on the island is called Bandar Labuan. Labuan became a federal territory in 1984 and it was made an international free trade zone and offshore financial centre in 1990. Some of the benefits of the islands include a 3% tax or a flat rate for any companies that are trading, the liberal exchange controls, low costs of operation and a number of other advantages. Since it was created, over 6,500 offshore companies have been created here, together with 300 licensed financial institutions. Among them, you can find important world banks. They continue to promote their financial centre in hope that they will become the most important player in the Asia Pacific region. Our offshore services include company formation and bank account opening service in Labuan. We also provide mail forwarding, a website and email as well as telephone numbers that can be directly forwarded to any given destination in the world. The Costs of incorporating in Labuan are $1,826 for the first and $1,045 for the following years. Incorporate Now >>For the bank opening service (Open Labuan bank account) we charge a one-time fee of $770.
Incorporate your Labuan Company now. |