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Foreword ‘Offshore4Asia-Labuan Company Guide’ is meant to be a complete and authoritive manual for people interested to learn more about Labuan company structures as well as their benefits. As such, it will be a valuable source of reference for professionals including lawyers, accountants, advisors, company secretaries, and others such as decision makers. The scope is therefore on company issues with the Offshore Companies Act 1990 as the starting point.
This Labuan Company Guide is unique in that it is a distillation of practical knowledge derived from my years of involvement in offshore business in Labuan IBFC. Its value is that it contains some information which cannot be found by searching the internet.
The Guide highlights the main provisions in the Offshore Companies Act 1990 relating to company incorporation, administration and current compliance. The Guide also explains some of the more pertinent rules affecting a Labuan company. Special features include the new annual fee structure for Labuan companies and the provision allowing Labuan companies to be taxed under the Malaysian Income Tax Act 1967. The laws and regulations mentioned are as at Nov. 2008-10-22
It is my hope that this Guide will help professionals to better understand Labuan company structures so that they will be fully equipped to advise their clients on the opportunities and services that await them in Labuan IBFC.
The Guide in the present form is merely the first stage . Given the changing global financial scenario, I expect future editions may offer more coverage, updating and amendments. The Guide will also be accessible online from www.simplyoffshore.com, www.labuanibfc.my and www.offshore4asia.com
Ahmad Kamil Bin Mohd Yusop |
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