Who may be interested?
Anyone. It would be best if you had any of these:
- An international business
- A Global Citizen
- One who would like to live in Malaysia yet trades with the World
- An online entrepreneur with
- Working experience
- University graduate
Specialty of the permit
- Valid for 2 years in Malaysia
- Can travel around Malaysia without restrictions
- Spousal / dependents’ visa can be applied
- Its an expatriate Visa (Category 1)
Criteria
- Minimum salary: USD2500
- Paid Up Capital: from USD100 upwards
- Good Business Plan
- Good Financial Forecast for 3 years
Process
- Work Permit Application Procedure (Turnaround Time: 28 Business Days from full Documents Received)
- Work Permit Process Flow
Other advantages of having a Labuan company includes:
- Low tax regime
- NO requirement for Malaysian nationality
- NO requirement for company directors to reside in Malaysia
- NO need for foreign currency accounts or remittance licenses
- Not subject to the Forex Exchange Policy when your company deals with foreign currencies other than MYR (Ringgit Malaysia)
