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Comparison Labuan Company with Hong Kong and Singapore for Low Tax

Good to explore the latest Labuan Company tax in detail before you register an offshore entity. In our Comparison between Labuan Company with Hong Kong and Singapore For Low Tax, we illustrate the differences. Although Labuan Company is not 100% tax-free for trading activities business, it is an overall winner compared to Hong Kong and Singapore for offshore solutions! In the recent years, Labuan is fast becoming the favored jurisdiction in Asia for its combination of tax efficiency and reputation, owing to high compliance with international standards on due diligence and transparency. Also, with ASEAN soon becoming a single entity, one can expect Labuan as the ideal place to start a business due to its strategic location with lower cost of operations compared to Hong Kong and Singapore.

Comparison between Labuan, Hong Kong and Singapore

GeneralHong KongSingaporeLabuan
Political StabilityGoodGood Good
British Based SystemYesYes Yes
Disclosure of Beneficial Owners NoNo No
Migration of Domicile Permitted NoNo                   Yes
Chinese Wording on Certificate of Incorporation YesNo Yes
TaxationHong KongSingaporeLabuan
Tax RateFor 0%-approval required or pay 16.5%0 – 17% 3% 
Audit ReportYesYesYes
DTA29 countries70 countries74 countries
Withholding TaxNo15% TaxNo
Bank Account In Multi-CurrenciesYesYes Yes
CorporateHong KongSingaporeLabuan
Min Number Of Shareholders1

1 Corporate / 2 Individual

Min Number Of Directors1

2 (1 Resident Director)

Corporate Directors AllowedYesNoYes
Company SecretaryYesYesYes
Standard Share CapitalHK$10,000S$100,000US$14,000
Annual General MeetingYesYesYes
Registered OfficeYesYesYes
Local DirectorYesNoNo
Location Of MeetingAnywhereAnywhereAnywhere
Filling Of Directors Info With RegistryYesYesYes
Filling Of Shareholders Info With RegistryYesYesYes
Shelf Companies Usually AvailableYes


Business VisaHong KongSingaporeLabuan
The above comparison clearly shows that Labuan Malaysia is a better option for offshore company set-up in Asia!
2 Years’ Multiple Entry Renewable VisaNoNo Yes
Multiple Family MembersNoNo  Yes 

Why our Trust Company for Your Labuan Company?

We are a full-fledged licensed Labuan Trust Company (License No. LT0034) with a highly experienced team of dedicated professionals to assist with the set up of your Labuan Company up to providing the necessary support for annual maintenance. We look forward to serve you with bespoke service that meets your business banking needs as well as onwards compliance and operations.

Our ‘One Labuan’ Platform is designed for your convenience to subscribe to all services in one stop to simplify your investment in Labuan from day one! Feel free to contact us for an appointment in Kuala Lumpur office by dropping an email to [email protected] today! Sign up today to register your Labuan Company!




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