We have expertise in developing effective strategies to enable our clients to enjoy, among others, the taxation benefit obtainable through the use of low tax jurisdiction such as the Labuan Offshore Financial Centre.
Offshore Companies enjoy a very low tax rate of 3% on net audited profit arising out of their offshore trading activities. They can also make a choice to pay flat rate of tax that of RM20,000 Income derived from non-trading activities including dividend received is not subject to tax.
The legislation governing offshore activities are: