Articles

Some Key Facts About Labuan Trust

by Simply Offshore Labuan Offshore Company

The Labuan Trust company is a great opportunity to those foreign investors who want to set up a business in Labuan and can also avail several tax advantages which can’t be possible to attain if they opt some other location for the trust company. The businesses have to abide all the rules and regulations that are set by the Labuan Financial Services Authority and should operate in the market successfully by respecting the rules that help the investors to avail success regarding incorporation and taxation. Here in this article, we are exploring some more information about the Labuan trust Company so that you should have a clear understanding of how to establish a trust company in Labuan.

How to Register the Labuan Trust Company

The first step towards achieving a flawless Labuan trust formation is that the investors should have to settle a trust deed which confirms the investor entity and is considered as the main required document. There are many consulting companies which can offer the investor all the necessary information which is needed to fetch the details and provisions about the trust deed and how to acquire it so that the trust deed can securely establish the rights and obligations of the trustee and the settlor and helps in avoiding any type of confusion later. Another aspect of the Labuan trust company is that it can have any number of trustees till one of the trustees is represented by a Labuan trust company.

Financial Feature of the Labuan Trust

Investors who are interested in forming a trust in Labuan should understand that the Labuan legislation doesn’t want investors to participate with a specific capital. Other financial liabilities of the Labuan trust is that if it is involved in the trading activities, then it is liable to pay an audit tax at the rate of 3% or the other options are that an investor can pay the 3% tax rate when performing an audit or they can pay a sum RM 20,000 without performing an audit annually. Furthermore, if the trust company has decided to pay RM 20,000 then the trust is not required to file the financial statements.

So, reading above about the main features of forming a Labuan trust company must have helped you in knowing how to go about the trust company formation in Labuan and if you want to know more about it then you can avail other necessary information from any consulting company that deals in helping investors for executing the process of trust formation.

For more information click on – Labuan Trust Company


Sponsor Ads


About Simply Offshore Advanced   Labuan Offshore Company

113 connections, 4 recommendations, 438 honor points.
Joined APSense since, December 19th, 2013, From Kuala Lumpur, Malaysia.

Created on Jan 3rd 2018 07:19. Viewed 442 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.