Guide To Start Money Broking Business In Labuan

business, Labuan is the best jurisdiction for you! It offers

100% foreign ownership and low tax. The Labuan Consultant has issued new guidelines for the money broking business in Labuan effective 1st January 2018. However, before setting up your Money Broking Business in Labuan jurisdiction, you need to know everything about it.

business of organizing transactions between buyers and sellers in foreign

exchange markets, acting as an intermediate in concern for brokerage fees paid. As a principle, these business activities don’t include the purchasing and selling of foreign currencies in these markets. It is intended to serve both institutional investors and high-net-worth individuals. A money broking license in Labuan offers Forex brokers many benefits over other jurisdictions including access to quality banking and speedy license approval time.

or institution with money broking business expertise with a good

track record and excellent years of experience in this industry
Regulated money broker from other jurisdictions with approval from home authority with the letter of awareness of agreement available
Any licensed organizations under the financial services act 2013 with approval from the central bank of Malaysia
Who is eligible for a Labuan money broking license?
All applicants must show at least three years of good track record and relevant experience in the money broking business
Applicants will be required to register a Labuan individual to operate the Labuan licensed money broking company with a paid-up capital of MYR 500,000

License?
100% foreign ownership, Malaysian local partner not required
3% corporate TAX

on trading profit
NO Withholding Tax on Interest, Management Fee,
No Foreign Exchange Controls
NO Capital Gain Tax and Inheritance Tax
50% tax decline for expatriate professionals/managers’ employment
100% tax exemption on director’s fees for foreign directors
NO tax on dividends to shareholders

6940


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ADDRESS:- Unit No. 3A-16, Level 3A

Labuan Times Square 87000 F.T. Labuan, Malaysia