Continuous non-compliance on the Economic Substance requirements by BVI or Cayman Islands company may eventually subject to compulsory STRIKE-OF. Re-domicile to Labuan company may maintain the status quo of your BVI or Cayman Islands company.
East Coast Economic Region Malaysia (ECER) as the Gateway to the Asia Pacific Region offers competitive incentives such income tax exemption of 100% for 10 years, stamp duty exemption on land or building purchased for development, customised incentives and also non-fiscal incentives to approved companies.
Iskandar Malaysia is set to locate in Johor, southern gateway to Peninsular Malaysia. Full tax exemption on the statutory income or double tax deduction on investment activities are up to a maximum of 10 years.
If your business models may optimise use of offshore structure, so why might an onshore investment if it carries lesser advantages as compared to offshore investment? The Labuan company is only taxed at 3% on its audited profit.
Singapore is a strategic base to implement your growth strategies and to manage and integrate your operations for the region and beyond. Being one of the lowest income tax rate countries, Singapore has further announced a full and partial tax exemption for the newly incorporated company.