Malaysia’s international offshore financial center, Labuan, is the perfect launchpad for foreign investors eyeing the ASEAN market. The 10 ASEAN countries, collectively have a relatively young population of more than 650 million people and an expanding middle class. This demographic dividend is fuel-ling a rising demand for goods and services across various sectors.
ASEAN countries have promoted regional integration through initiatives like the ASEAN Economic Community (AEC) and fostered trade and investment by streamlining regulatory frameworks. The ASEAN region's strategic location at the crossroads of major trade routes has made it a crucial player in the global supply chain.
If you are interested in setting up a company or business abroad, or exploring business immigration, then Labuan may be the solution for you. Labuan, an island territory within Malaysia, was declared an international offshore financial center and free trade zone in 1990. It offers several advantages for entrepreneurs looking to expand into ASEAN.
Labuan Company Benefits
1 Favorable Taxes
• Minimal or no tax on a variety of income sources.
• Benefit of tax treaty network with all 9 ASEAN countries and 70 nations worldwide.
2 Data Protection
• Details of Directors are maintained at the company's registered office.
• Nominee Directors may be appointed to protect the identity of Directors.
3 Asset Protection
• Use of Labuan trust provides greater protection of assets.
• Allows for succession planning and financial security.
4 Financial Sector
• Labuan is home to several major commercial and investment banks including BNP Paribas, JP Morgan and Citibank.
• Mature financial sector ensures ease of operation and issuance of bonds and other financial products.
5 Right of Abode
Company Directors are eligible for an initial 2-year work permit (multiple entry & renewable).
Corporate Relocation and Business Expansion Opportunities.
Directors' Dependents are eligible for emigration/long-term residency visas to live and attend education institutions in Malaysia.
6 Location & Stability
• Malaysia is strategically located at the heart of ASEAN, and offers easy access to this diverse market of over 600 million people.
• Malaysia's stable political and economic climate ensures peace of mind for investors.
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Living in Malaysia Malaysia is a multiracial and multi-ethnic country and all people practice their religions freely and openly. Malaysians are culturally adventurous and this is evidenced by the array of food and culinary delights offered in supermarkets and restaurants throughout the cities and towns. The tropical climate can be humid at times but the buildings and homes are well insulated with the necessary cooling fans and air-conditioners. Malaysia also offers excellent connectivity with modern roads, highways, 5G telecommunications and transport facilities. 📚 International Schools: Malaysia boasts a plethora of top-notch international schools offering a variety of curricula for both, day and boarding students. The top 10 are:
1. Garden International School (IGCSE) 2. Alice Smith School: (IGCSE & IB) 3. The International School: (US AP) 4. Cempaka International School: (IGCSE) 5. Epsom College in Malaysia: (IGCSE & IB) 6. Australian International School 7. Nexus International School: (IGCSE & IB) 8. Taylor's International School:(IGCSE) 9. Sri KDU International School: (IGCSE) 10. Canadian International School Malaysia
🎓 Higher Education Excellence: Foreign and local Universities with campuses in Malaysia include:
1. University of Nottingham (UK) 2. Monash University (Aust.) 3. Asia Pacific University (UK & Aust.) 4. Taylor's University (US, Aust, & Canada) 5. University of Southampton (UK) 6. Curtin University (Aust.) 7. Sunway University (UK, Aust. & Canada) 8. RCSI & UCD (UK) 9. Heriot-Watt University (UK) 10. Manipal University (India)
Accommodation: Residential accommodation in Malaysia are very reasonable and the table below provides rental rates for a comfortable, 2000 sq ft 3-bedroom + 3 bathroom condominium with facilities and the average purchase price of condominiums in several comparable capital cities -
RENTALS PURCHASE PRICE
City US$/Month US$/Sq Ft
Kuala Lumpur, Malaysia 2,000 - 5,000 477
Singapore 8,000 - 12,000 2,460
London, England 10,000 - 15,000 1,960
Sydney, Australia 8,000 - 12,000 1,000
New York City, USA 12,000 - 25,000 1,536
Dubai, UAE 8,000 - 25,000 890
Hong Kong 20,000 - 25,000 1,114
Source: https://www.numbeo.com/cost-of living
Business Opportunities: Malaysia presents unlimited opportunities for Small and Medium Enterprises as well as more substantial investment opportunities. Some examples of small business opportunities are provided below:
🏪 Franchise Businesses: Invest in well-established brands like 7-Eleven convenience stores, petrol stations and popular fast food chains.
🌏 Import/Export: Tap into the import/export of consumer goods through drop shipping or self-manufactured goods through the many regional and global e-commerce platforms.
🏢 Real Estate: The property market in Malaysia offers potential through real estate brokerage or property investment to cater for the growing urban population.
🍔 Food & Beverage: Malaysia's diverse culinary scene presents numerous opportunities for unique F&B concepts which cater to the nation’s love of dining out and exotic tastes.
🏧 Passive Income Streams: Vending machines for F&B, non-prescription pharmaceuticals and other products are gaining in popularity and may provide good opportunities for more passive income streams.
Get in Touch
We at AZEAN VENTURES are happy to offer qualified applicants -
1. Company Registration: 1 week
2. Bank Account Opening: 1 week
3. Digital Bank Account : 2 days
4. Work Permit Application: 2-3 months
5. Relocation Assistance
6. Ongoing corporate accounting and tax compliance
Introducing Your Ultimate Long Term Stay Solution:
🌟 Effortless Preparation and Timely Submission of Work Permit Documents
🌟 Ongoing Assistance with Permit Renewal Every 2 Years
🌟 Inclusive Permit Coverage for Spouse and Children
🌟 Hassle-Free Entry and Exit Procedures in Malaysia
🌟 Guidance through the Landing Procedure in Malaysia
Once approved, a trip to Malaysia for visa stamping is the final step.
With our services, you can skip the complexities and focus on what truly matters: your business's growth and the safe relocation of you and your family.
We are here to ensure your team is ready to thrive in the international marketplace, so you can set your sights on new horizons with confidence.
Contact us now and let us start you off on your exciting journey to hospitable Malaysia!
AZEAN VENTURES SDN BHD
4 Lorong Dungun, Bukit Damansara, 50490 Kuala Lumpur, Malaysia
E-mail: consult@azeanventures.com
www.azeanventures.com
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