We hasten to inform that **malaysia’s SC (Securities Commission) recently has commenced regulation of ICOs and crypto exchanges**. New legislation (Capital Markets and Services Order) entered into force on Tuesday, January 15. The new prescription order means that ICOs and exchanges would require additional confirmation from the SC prior to commencement of operations and would have to compl...
Path: BlogMaybank is malaysia's largest bank by market capitalisation and total assets and one of the largest banks in Southeast Asia, with total assets exceeding US$165 billion and having a net profit of US$1.75 billion for 2015.Account opening: 7-14 working days Overview: Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 empl...
Path: BanksPublic Bank Berhad is a bank based in Kuala Lumpur, malaysia offering financial services in malaysia as well as the Asia-Pacific region.Account opening: 7-14 working days Overview: Public Bank Berhad provides various commercial banking and related financial services to individual and business customers in malaysia and internationally. It offers savings, current, fixed depo...
Path: BanksLabuan is a federal territory within malaysia. It has its own jurisdiction and offers several advantages comparing to opening a company on the main land of malaysia.Description malaysia has an extensive network of tax treaties with more than 72 counties. It eases the international cooperation between companies. This network can be also used by the companies in Federal Territory of Lab...
Path: AccountingLabuan, a special region of malaysia which addresses mainly to offshore companies and which provides an attractive taxation system, offers several types of banking licenses available for both local and foreign investors who want to establish a bank in this location.Timeframe: around 6-12 months Minimum paid up capital: MYR 10 million or its equivalent in any other currency ...
Path: LicensingCIMB Group Holdings Berhad is a malaysian universal bank, headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank, the largest Asia Pacific (ex-Japan) based investment bank and one of the world's largest Islamic banks. CIMB has a wide retail branch network with 1,080 branches across the region.Account opening: 7-14 working d...
Path: BanksMaybank is malaysia's largest bank by market capitalisation and total assets and one of the largest banks in Southeast Asia, with total assets exceeding US$165 billion and having a net profit of US$1.75 billion for 2015.Account opening: 7-14 working days Overview: Maybank has an international network of over 2,400 branches and offices in 20 countries, employing 45,000 empl...
Path: BanksPublic Bank Berhad is a bank based in Kuala Lumpur, malaysia offering financial services in malaysia as well as the Asia-Pacific region.Account opening: 7-14 working days Overview: Public Bank Berhad provides various commercial banking and related financial services to individual and business customers in malaysia and internationally. It offers savings, current, fixed depo...
Path: BanksCIMB Group Holdings Berhad is a malaysian universal bank, headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank, the largest Asia Pacific (ex-Japan) based investment bank and one of the world's largest Islamic banks. CIMB has a wide retail branch network with 1,080 branches across the region.Account opening: 7-14 working d...
Path: BanksFidelity Asia Bank (FAB) is a wholly owned offshore banking subsidiary of the Fidelity Bank Group and is licensed by the Labuan Offshore Financial Services Authority of malaysia.Account opening: 7-14 working days Overview: Fab Banking offers a lifelong partnership dedicated to giving banking solutions that will work in time to help your business succeed. FAB se...
Path: BanksFidelity Asia Bank (FAB) is a wholly owned offshore banking subsidiary of the Fidelity Bank Group and is licensed by the Labuan Offshore Financial Services Authority of malaysia.Account opening: 7-14 working days Overview: Fab Banking offers a lifelong partnership dedicated to giving banking solutions that will work in time to help your business succeed. FAB se...
Path: BanksTalking about jurisdictions, offshore company in malaysia is not a regular decision. This is why we decided to explain how to set up a company in malaysia and figure out why is it rational to set up your business in Labuan. Registration and incorporation of offshore company in Labuan is requires standard actions like collecting and filing documents but still there are some interesting factors yo...
Path: Blog...s. Among the other things, having adequate safeguards to handle risks related to money laundering and the countering of terrorism financing. By doing this, Labuan entities committing IFS shall adhere to AML and CFT Requirements issued by Bank Negara malaysia and LFSA. Labuan entities implementing IFS have to assure that their trade operations can serve for such activities. Basically, they would...
Path: Blog**Labuan**, the official federal territory of malaysia, is considered as a reasonably good place for the international business. However, it still needs to improve action standards with the BEPS Action 5. It is the latest standard of the OECD that should be followed by members of the BEPS Inclusive Framework. Adapting tax legislation to the **new rules** is supposed to start at the earlier co...
Path: BlogLabuan is a federal territory within malaysia. It has its own jurisdiction and offers several advantages comparing to opening a company on the main land of malaysiaDescription Audit of financial statements is required to companies in this jurisdiction. The reporting deadline for the financial statements of companies registered in Labuan is 31st of December annually and aud...
Path: Accounting...990. Amendments to modernize the OCA are being planned in 2006. An Offshore Company (or an Offshore Foreign Company) is only permitted to carry on business in, from or through Labuan. An Offshore Company may not: carry on business with a resident of malaysia except as permitted by the Offshore Banking Act 1990; carry on the business of Banking or Insurance or such similar business unless it is lic...
Path: Companies...ithin 9 working days + delivery time for the courier Minimum paid up capital: No minimum capital requirement Overview The Republic of Singapore (SG) is an island nation situated in Southeast Asia between Thailand and malaysia. The SG economy is one of the most intensively growing financial systems in the world. SG is known for its business-friendly regulatory en...
Path: Companies...lphabet Must be unique, not similar with any other Labuan corporation Must include one of the following words at the end of the company name: Incorporated, Corporation, Sociètè Anonyme or its respective abbreviation: Inc., Corp. or S.A. If the malaysian word “Berhad” is used, then “L” to denote that the company is incorporated in Labuan must precede it. Corporate names cannot...
Path: Licensing... Hong Kong on those profits Double Taxation Agreements: Hong Kong has comprehensive double tax agreements with Austria, Belgium, Brunei, Canada, Czech Republic, France, Hungary, Indonesia, Ireland, Japan, Jersey, Kuwait, Liechtenstein, Luxembourg, malaysia, Malta, Mexico, Netherlands, New Zealand, Portugal, Switzerland, Spain, Thailand, United Kingdom, Vietnam, Qatar and the Mainland China respe...
Path: Licensing..., form or other document or thing is given or issued to a person by the person carrying on the business.Timeframe: around 6 months Minimum paid up capital: Not prescribed Overview Labuan is an island and a Federal territory of malaysia, which offers one of the strongest regulatory frameworks for various financial service companies. This, along with the favorable tax system, ...
Path: Licensing...trictions) Taxation Value added tax (VAT) - 9% Company Corporate Tax - 20% (Loss carryback years) Withholding Taxes: Dividends: 0/15%, Interests: 10%, Royalties: 15% 8 Tax treaties: New Zealand, Japan, Australia, UK, Singapore, UAE, malaysia, South Korea Accounting & Audit The Regulator may determine in its discretion to have accounts of the company audited. O...
Path: Licensing...ation of 16,5 percent. Double Taxation Agreements: Hong Kong has comprehensive double tax agreements with Austria, Belgium, Brunei, Canada, Czech Republic, France, Hungary, Indonesia, Ireland, Japan, Jersey, Kuwait, Liechtenstein, Luxembourg, malaysia, Malta, Mexico, Netherlands, New Zealand, Portugal, Switzerland, Spain, Thailand, United Kingdom, Vietnam, Qatar and the Mainland China ...
Path: Companies