Numerous factors may prompt individuals and businesses to consider redomiciling their company to another jurisdiction, such as Labuan. These reasons encompass tax advantages, a more conducive regulatory environment, access to new markets, and heightened privacy and confidentiality. Moreover, redomiciliation can serve as a safeguard against political instability or economic uncertainty in the current jurisdiction. Ultimately, the decision to redomicile a company hinges on a variety of considerations and should be approached carefully with guidance from legal and financial professionals.
Re-domiciliation, also referred to as company migration, denotes the process whereby a company undergoes a relocation process from one jurisdiction to another while retaining its legal identity.
This process obviates the need for company liquidation to circumvent potential tax and statutory implications in the country of origin, as well as the transfer of assets and liabilities to a newly incorporated entity.
Before re-domiciling to Labuan, it is imperative to conduct comprehensive research and grasp the rationale behind this move, along with its legal implications. Key considerations include:-
Labuan Financial Services Authority (LFSA) generally accepts re-domiciled businesses from most of the prominent jurisdictions such as the British Virgin Islands (BVI), Cayman Islands, Hong Kong, and Singapore. Feel free to consult our professional advisors regarding your business objectives, and we can assist you in a seamless re-domiciliation to Labuan..
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Contact UsLabuan presents a more favorable tax regime compared to jurisdictions like BVI or Cayman, featuring lower corporate tax rates and no withholding tax on dividends. Moreover, Labuan is well-regulated by the LFSA and has a stable political climate, making it a reliable and secure destination for business endeavours.
Additionally, Labuan offers an array of business-friendly incentives, including flexible company structures and streamlined incorporation processes. In essence, redomiciling your company to Labuan could yield significant financial and operational advantages.
Suppose, after careful consideration, you have opted to re-domicile your company to Labuan with our assistance as your appointed resident secretary.
The re-domiciliation process consists of the following steps:-
Compliance and Corporate Services
Office Space Solutions
Management Account Preparation
Tax Submission and Advisory
Employee Sourcing and Interviews
Employee Payroll Processing
Work Permit Application
Comprising a team of seasoned professionals well-versed in Labuan’s business landscape, FA Advisory Limited extends a comprehensive suite of services covering corporate services, private wealth management, and licensing compliance administration, all tailored to meet the unique needs of our clients.
At FA Advisory Limited, our expertise lies in delivering Labuan insights that facilitate business expansion, simplifying intricate processes, and offering valuable information to guide you through various facets of your journey.
Choose FA Advisory as your trusted partner in navigating the dynamic business landscape of Asia. With our commitment, we are your gateway to success in Labuan and beyond.
Email: advisory@finarkasia.com | Phone number: +6010-931 6678