Are you looking forward to form an offshore company? Well, if you are still toying with the idea then this is right stop to halt over, as here you will get to see about it in all its nakedness. If it is just an idea then it becomes vital to know about it so that you can easily make the most from it. It goes without saying that it is indeed one of the best moves thus it becomes important to know about it so that you choose the right option in the best way possible and what all its possess.
Before we jump on its feature and how it is formed it is important to know what exactly offshore company is all about so to help you to here we are going to give you a little backdrop as this will certainly help you to get things done in the best way possible.
What is offshoring?
Offshoring is something when you obtain service or products from another country it has immense benefits and this is why many business entrepreneurs are looking forward to take up the action. To give you more information here we bring you benefits of Labuan Company so that you can take the right action that would suffice the purpose and this is why it becomes important, as this will certainly help you to know about it in the better way.
What are the benefits of Labuan Company?
To help you know about the process it is important to know what all it entails, as this will certainly give you a clear picture of the same as this will certainly help you to take up things in the best way possible.
- Incorporation of Labuan International Company can be 100% foreign owned without having local partner.
- It gives you advantage of to hold company structure with zero tax which is indeed a bait, the Labuan company can acts as investment holding company for property, assets and of course your wealth.
- It gives you advantage to give taxation on profits yearly with the tax rate of 24%
- No hierarchical pattern is needed to run the company for instance you need one director and shareholder and both position can be of same person.
Above mentioned are a few points that you need to keep in mind as this will certainly help you to take up things in the best way and you can come up venture of your own without any hassle