The benefits of operating business in Labuan IBFC is countless. Nevertheless, it should be remembered that the offshore companies must be conducted with a valid license. Labuan is a well-regulated financial centre, and over the years, Labuan FSA has also issued commercial business licenses to local and foreign investors. Further to this advantage, all licensed entities are permitted to run a marketing office in either Kuala Lumpur or Johor Baharu or anywhere in Malaysia. Being an Offshore Service Provider in Labuan, we have years of experience in assisting our clients in applying for various licenses in Labuan IBFC. Applicants for business licenses in Labuan must consider sound financial strength, proven industry records, competency and good work record are crucial criteria when it comes to applying for a business license.

Some of the steps for opening an offshore company in Labuan IBFC:

• Detailing about the type of business you are planning to conduct.
• Identification of the corporate shareholders and directors.
• To provide three possible names for the company. However, names will be checked for availability.
• Preparation of documents with company name, shareholders and directors.
• Details of incorporation are then submitted to the Labuan government.
• A Registration Certificate will be produced.

There is no law for Labuan Company owners to open their bank account in an offshore jurisdiction. The flexibility in operation makes Malaysia as one of the Best Countries to Open Offshore Bank Accounts. We recommend opening in Kuala Lumpur, the capital of Malaysia. This will enable overseas companies to have access to “high-class” banking services, with superior internet banking and lower bank charges. Several years ago, it was very straightforward to Open Offshore Bank Accounts in Malaysia. With the increase in compliance and transparency, it is no longer an easy task. We are one of the most reliable and well-experienced licensed companies in Labuan.

Our main aim is to provide assistance and guidance for an offshore business license in Labuan. From opening a bank account to handling the formalities for you, and our team is well-versed in every aspect of the offshore industry. Furthermore, we will recommend and identify which banks will be the most suitable for your business. Formation of an offshore company in Labuan is similar to other countries. However, the overall cost of setup and management cost is significantly lower than the other countries. Also, Malaysian offshore companies require only one shareholder, one director, and one company secretary.

With complete experience in this field, we can recommend you the most suitable banks that offers and maintain the privacy of your business. QX Trust offers a full spectrum of corporate services under one roof for Labuan Company formation; business licenses both for individuals and companies across the globe. Feel free to dropby for a free consultation and speak to our friendly yet professional consultants for matters related to Labuan offshore company incorporation and financial services licenses.