Why incorporate in Labuan?

As one of the few offshore financial centres in Asia, and boasting a low tax regime, Labuan provides an attractive base for many multinational corporations and entrepreneurs.

The Federal Territory of Labuan is part of Malaysia and comprises seven small islands of which Pulau Labuan is the largest. It is located on the major shipping and air routes of the Asian Region and is Malaysia’s only deepwater anchorage.

Labuan is economically strong and politically stable. Under the guidance of LOFSA (the Labuan Offshore Financial Services Authority) the Malaysian authorities have invested heavily into the improvement of Labuan’s physical infrastructure, which is completely modernised and provides a state of the art telecommunications system including an Internet Gateway which provides an e-commerce platform.

More than 50 of the world’s top banks have branches in Labuan.

Key Benefits & Requirements

Low tax regime for Labuan International Companies
Can be 100% foreign-owned
Both local and international trading are permitted. Local trading tax rate is 24%.
Trading licenses are not required for businesses involved in trading, e-commerce, import, export or consultancy
Businesses are not required to charge sales / service tax or GST on sales transactions
No Withholding Tax on Dividend, Interest, Management, Technical and Royalty Free
Can act as an Investment Holding Company for assets, wealth management and property
Low taxation on profit – only 3% or a flat free of RM20,000
Simple set up with only one Director and Shareholder required. Both positions can be held by the same individual
No travel to Labuan required in order to set up the company.
Registration is quick and efficient, typically complete with 7 working days
Registration is quick and efficient, typically complete with 7 working days
A Labuan International Company enables the opening of a corporate bank account anywhere in Malaysia
Bank accounts can receive transactions in your preferred currency
A welcoming and efficient Work Visa and Visa Application process for expatriates, their spouse and their children

Incorporate in Labuan

To enquire about incorporating in this jurisdiction, please select your area of interest and a consultant will contact you shortly:

Labuan - Offshore Trading

Labuan - Offshore Non Trading

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OCRA Worldwide announces strategic merger with Acclime

17^th November 2022, Hong Kong - OCRA Worldwide (OCRA), announces today that it has completed the strategic merger with Asia Pacific’s premier corporate services provider Acclime (www.acclime.com). This is the latest step in Acclime’s active expansion as the Asia specialist in compliance and corporate services throughout the region.

Established in 1975 and led by Bart Dekker and Dharmesh Naik, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting, and HR services. Over the past 40 years, OCRA has become a truly global business by providing very personalised services to their clients, most of whom are private investors or companies investing abroad.

From its founding base in Europe, OCRA has morphed over the past decade to focus on the faster growing markets of Asia and the Indian Ocean, and currently has teams in Hong Kong, Shanghai, Singapore, Mauritius and the Seychelles with around 80 staff. Additionally, OCRA is licensed in Samoa and the UAE to provide incorporation services to clients and referral partners.

"The high quality of the team, the interesting gateway jurisdictions of Mauritius and UAE which are important investment hubs for Africa and India, and the synergy of offering OCRA clients more services and Asian locations for expanding their business were the strategic logic for Acclime's interest in acquiring OCRA," said Martin Crawford, CEO and Co-Founder of Acclime. "We look forward to introducing OCRA’s corporate clients to our regional experts in China, Hong Kong, Australia, Cambodia, Indonesia, Malaysia, Thailand, India, Philippines, Singapore and Vietnam," he added.

The sale of the business was managed by the corporate advisory team of Mazars in London (Paul Joyce & Fred Dearden), acting for the ultimate shareholder of OCRA, and was opened for bids. "Acclime was chosen as the preferred bidder as the team recognised the cultural similarities, with high quality, personalised services at the core," said Bart Dekker, OCRA’s Managing Director, Asia Pacific. Dharmesh Naik, OCRA's Managing Director, Middle East and Indian Ocean, added, "We are excited and delighted to become an integral part of a large international team with the established resources across Acclime's network, and to execute the transaction in line with OCRA's long term succession plan in the interest of all of our stakeholders."

OCRA will operate as an independent business unit within Acclime, supported by funding, IT and marketing initiatives that will grow the business further. Bart Dekker and Dharmesh Naik will remain running the business post-acquisition.

The transaction is subjected to regulatory approvals in several locations and Acclime is expected to complete the acquisition by the end of 2022.

About OCRA
Established in 1975, OCRA is one of the industry pioneers in the corporate services sector with a full suite of corporate services from company formation, company secretarial support, accounting and HR services. For over 40 years, OCRA has been providing personalised services to its clients, most of whom are private investors or companies investing abroad.

About Acclime
Acclime, the premier corporate services provider in Asia, helps corporate and private clients to advance their businesses and interests in difficult-to-navigate markets in emerging Asia. The company’s vision is to reinvent the corporate services sector with innovative solutions that are seamlessly delivered to the highest global standards.

Enquiries: enquiries@ocra.com

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