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

Can I renew my business license online in Malaysia?

You can renew your business license in Malaysia online in some cases, depending on the type of business and the local regulations. However, the specific process and requirements may vary depending on the location and nature of your business. To renew your business license online, you typically need to follow these general steps:

Check Eligibility: Determine if your business qualifies for online license renewal. Some businesses may still require in-person renewals, while others may have an online option.
Visit the Appropriate Website: Visit the website of the relevant government authority or agency that handles business licenses. This is typically the Companies Commission of Malaysia (SSM) or the local city or municipal council.
Create an Account: If you haven't already, you may need to create an online account on the relevant government website.
Log In: Log in to your account using your username and password.
Locate the License Renewal Section: Look for the section related to business license renewal. This might be under "e-Services" or a similar category.
Provide Required Information: Follow the instructions on the website to provide the necessary information, which may include your business registration number, personal details, and payment details.
Pay the Renewal Fee: Pay the renewal fee online using the provided payment options, which typically include credit/debit cards or online banking.
Review and Submit: Double-check the information you've provided and submit your renewal application.
Receive Confirmation: Once your renewal is processed, you should receive a confirmation or a renewed license via email or by post.

Please note that the process might have changed or evolved, so it's essential to visit the official government website or contact the relevant authority to get the most up-to-date and accurate information on how to renew your business license online in Malaysia. Regulations and processes can change over time, and it's crucial to follow the latest guidelines provided by the authorities.

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