Labuan Other Trading Company
Administrative services mean services pertaining to employee management, payroll management, property management, human resource management, financial planning, contract or subcontract management, facilities management and proposal management.
Accounting services mean services pertaining to recording, analysing, summarizing, or classifying financial, commercial, and business transactions and information of a person or business.
Legal services mean conveyancing services, legal advisory services, litigation or legal representation services in any proceedings before any court, tribunal, or other authority and legal dispute resolution services including alternative dispute resolution.
Backroom processing services are services relating to settlements of receivables and payables, clearance, record maintenance, regulatory compliance, information technology (IT)-related service. These services are usually performed by administration and support personnel who do not deal directly with client.
Payroll services mean services relating to processing, calculation, payment and deduction of remuneration, benefits, tax, and statutory payments; or issuance of payslips and tax statements.
Talent management services mean the provision of human resource services to attract, onboard, develop, motivate, and retain employees.
Agency services mean the provision of specific services on behalf of another group, business, or person pursuant to an agency agreement between the agent and its client.
Insolvency related services mean services related to administering company liquidations, winding up, or personal bankruptcy.
Management services cover the organization and coordination of activities of a business in order to provide services to clients and usually consist of organizing, supervising, monitoring, planning, controlling, and directing business resources such as human, financial, and technological resources.
For the avoidance of doubt, management services exclude “company management” as defined in Section 129 of the Labuan Financial Services and Securities Act 2010.
Operation Requirements
Tax Benefits
Labuan Tax Substance Requirements under LBATA 1990
| Labuan Trading Entity | 🧑💼 Minimum number of Full Time Employee (Living in Labuan Resident) | 🏢 Functional Physical Office (in Labuan) | 💰 Operating Expenses / Year (in Labuan) |
|---|---|---|---|
|
Other Trading Company |
2 |
Yes |
RM50,000 |
Using a Labuan Other Trading Company for Work Visa and Banking
A Labuan Other Trading Company offers not only tax and business benefits but also practical advantages for foreign business owners or professionals seeking to operate from Malaysia.
The directors and a Labuan Other Trading Company can apply for a Labuan Work Visa (Employment Pass) through this company. This visa allows you to reside and work in Labuan, provided the company fulfills certain requirements such as maintains a physical office in Labuan (not virtual), stamped employment contract with a minimum recommended salary of RM10,000/month.
The visa is typically valid for 1–2 years and can be renewed. Dependents (spouse and children) are also eligible for dependent passes. However, work activities must be confined to Labuan only, unless further approval is obtained.
A Labuan Other Trading Company can also open multi-currency corporate bank accounts in Labuan or in selected Kuala Lumpur bank branches. These accounts can be used for international transactions in currencies such as USD, EUR, SGD, GBP, and more.
With the right setup, a Labuan Other Trading Company provides a strategic base for international operations, tax efficiency, residency, and global banking access.
Documents Required to Establish a Labuan Other Trading Company
Formation Procedure & Estimated Processing Timeline
Our Services
We offer comprehensive assistance for the formation of your Labuan Other Trading Company:
Our scope of services Include:
- Pre-incorporation consultancy on company structure and tax advisory
- Incorporation of a Labuan company
- Due diligence checks on applicant(s) – directors and shareholders
- Preparation and reservation of company name
- Preparation and submission application to Labuan FSA
- Provision on Resident Secretary and Registered Office
- Tax filing / annual tax return , filing of annual return and financial statementsto Labuan FSA
- Guidance on meeting substance requirements under Labuan regulation
- Opening of Bank account in KL or Labuan - Multi-currencies bank accounts
- Provision of business address (virtual office) , functional Labuan physical office
- Accounting / bookkeeping services
- HR ( recruitment of Labuan staff), talent management, and monthly payroll services
🚀 Begin Your Journey with Confidence
With comprehensive, end-to-end services spanning incorporation, tax planning, regulatory compliance, and banking facilitation, Silverknows Trust Ltd is your trusted partner in establishing efficient and resilient business structures.
Contact us today at
or
Let us help you unlock the full potential of Labuan's global advantages.
Contact:
General Line: +603-9543 1882 Business Enquiry: +6012-2600 633
Email:
hello@silverknows.com
Office Hours:
Mon-Fri: 8.30am - 5.30pm