Labuan Work Permit - Things No One Told You

Labuan refers to a mid-shore jurisdiction offering immense flexibility to foreigners who remain interested in setting up an international business within Malaysia. The three benefits of Labuan company registration are a 3% tax regime, 100% foreign ownership, and permission to deal with Malaysians.

Apart from that, Labuan organizational owners can apply for two years renewable multiple entry Labuan work permit for all expatriates and directors together with their children and spouse under age 21 with an alternative to reside in Malaysia.

As a country, Malaysia offers a stable and peaceful stay at an affordable cost of living for you as well as your family. Therefore, you can feel free to do your global trades by staying in Malaysia.

What Happens For Those Not Residing In Malaysia?

For people who do not reside in Malaysia, the two years multiple entry Labuan work permit visa helps facilitate your entry in and out of Malaysia, comfortably to do business meetings, the opening of bank account, which presently is required, and banking matters and a valid visa concerning check signatory person.


What Else Does Labuan Work Permit Have In-Store?

The Labuan company work permit additionally comes with numerous entries for your convenience and comfort without the requirement to apply for any kind of visa from Malaysian embassies for your visit to the country. As far as the Malaysia immigration law is concerned, foreigners having a tourist visa are not permitted to do any kind of business activities.

The comprehensive solutions of immigration incorporate profiling and due diligence of documentation for ensuring that all applications remain in order before submitting to required authorities for approvals and to also make sure that the Labuan work permit happens to be endorsed successfully. Your application for the two years work permit also includes the immigration department and Labuan authority. The processing time for the application for both approvals required 30 to 45 days.

Landing procedure for Labuan company registration

After you get the approval for your work permit, you need to be in Labuan with your family for a day concerning the stamping of visas on your passports and Labuan immigration meeting. If you book Malaysia airlines, you will only need 2 hours 15 minutes to fly from Kuala Lumpur to Labuan.

The authorities will arrange your arrival and provide guidance in your immigration meeting session for ensuring smooth visa endorsement. You will find an immigration checkpoint at the airport and here you need your tickets for verification. Overall the Labuan company registration procedure will be smooth after you fulfill all the norms of the landing procedure.

Wrapping Up

Apart from the information provided above, all qualified expatriates and directors are eligible when it comes to applying for proposed positions supporting the nature of business activities. Therefore, a business plan refers to one of the required documents to lodge. Each of the approval of the Labuan work permit is entirely at the discretion of the required authorities and might change from time to time. Therefore, it is recommended to get advanced information from the authorities before applying. If an organization does not remain active within the operations or comply with the statutory records and information of the company, taxation records and yearly fees of the organization are not updated with the required authorities, and these things might affect the renewal as well.


Location: Malaysia

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