What is Labuan company tax rate?

3% of Audited Net Profit for trading activities.No tax for Non-Trading activities.

Does Malaysia have any double tax agreements in place

Yes, the country has signed double tax agreements with 65 countries.

Can a Malaysian incorporate a Labuan company?

Both Malaysian or Non Malaysian can be the director & beneficiary of a labuan company.

Is there any requirement to file account for Labuan company?

Only for licensed companies and companies electing to pay 3% tax.Nevertheless, there is still a requirement to keep accounts that will sufficiently show the financial position of the company. With increased compliance, it is common that most companies will be required to prepare at least management accountsRead more: Labuan offshore company Labuan, Malaysia Merchant Account

How much is the fee for business license renewal in Malaysia?

The fees for business license renewal in Malaysia can vary depending on the type of business, location, and other factors. The specific fees may change over time due to updates in government regulations. To find out the exact fee for renewing a business license in Malaysia, you should contact the local government authority or the relevant agency in your area.

Typically, you can inquire about business license renewal fees from the following sources:

Local Municipal or City Council: In Malaysia, local government authorities such as municipal or city councils often handle business licenses. You can visit their official websites or contact their offices to get information on the renewal fees.
Companies Commission of Malaysia (SSM): The SSM may be involved in the licensing and registration of certain businesses. You can visit their website or contact their offices for information on fees related to your specific business type.
Local Business Associations: Local business associations or chambers of commerce may also provide information on business license renewal fees and procedures.

It's essential to ensure that you have the most up-to-date and accurate information regarding fees, as they can change over time, and the fees may vary based on your business type and location.

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