Money Broking in Malaysia and QX Trust

a financial service providing organization. And for doing money broking

business in Labuan, no place is better that QX Trust and the Labuan jurisdiction. For a business to start operating under the jurisdiction, it has to start after obtaining the business broking license, because as we all know, money broking is subject to a great deal of risk and transparence is one of the most prominent. While getting a license is an important prerequisite, the acquisition of the same comes with added benefits like; the organization is not entitled to paying any tax on Withholding fee, royalty fee, and technical fee. When an organization starts reaping the profits from its operations, and starts realizing that it has the choice of omitting the cost it has to bear I form of tax on withholding fee or royalty fee, the overall cost of running the business with Labuan supposedly lowers down dramatically which eventually makes the organization want to stay in the market with its newly made alliance

enjoys a number of benefits that helps the organization contribute

actively in the foreign (Malaysian) market. Speaking about the benefits the money broking license can offer, we tend to come across the most interesting one which is, ‘Full control over ones business.’ This implies that the business is not required to have a local Malaysian business partner to run it. Full control over the business allows the businessman to trust the financial institution as it has given him the freedom of unanimity as far as taking any important decision is concerned. The absence of a foreign partner puts the business back in the capable hands of the owner, for whom, the best interests of the firm is a priority.

WHY QX TRUST?

Labuan, as we discussed earlier, has to have a license

before getting into business. And the license should be approved on all the required grounds mentioned under the Financial Services Act 2013. A license for an organization is the proof of the expertise they hold when it comes to that stipulated sector. If a company comprises of a broker that holds the required license, then the institution is automatically approved for getting the money broking license.

IMPORTANCE OF HAVING A LICENSE

come in, then it is required to pay a heavy

percentage of the same as the Corporate Tax, thanks to Labuan Foundation and Trust that it asks only three per cent of it and not more. These additional benefits may lure new players to enter the Malaysian market but then the question arises, ‘what is the point of this entire proposition if the business is not getting any exposure?’ which is a serious thought every individual or organization has in its mind if its planning for the long-run. In order for a business to survive, it must know the other players in the competition, and that’s when the right amount of exposure is required. After getting the license, the business is open to a greater part of the Malaysian market, almost seventy per cent, to look for others and enjoy some healthy competition. This helps the organization become more experienced in the market.

ROLE OF LABUAN JURISDICTION

your operations without paying any stamp duty and GST. When

a financial centre is offering to cut down additional costs it is presumed that it focuses more on the benefits its clients receive and money broking is such a sensitive business that having an impressive list of benefits which not only covers the interests of the businessman/business but also itself is usually a preference for the top players in the market.

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VISIT HERE: https://www.offshore-labuan.com/

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

Labuan Times Square, 87000 F.T. Labuan, Malaysia