We are now also offering structures based in the Malaysian island of Labuan. Labuan is a small island off the coast of Sabah on Borneo. It has been developed by the Malaysian government as a separate jurisdiction within Malaysia with its own laws and legal entities. The jurisdiction offers companies, foundations, partnerships and special legislation in the area of international trade, banking, insurance, leasing and wealth management. It has an attractive tax system (3% on audited net trading profits or RM20,000 p.a. at the option of the tax payer and no tax on investment income).
IN Fiduciary Services has created a wholly owned subsidiary in Labuan that besides acting as shareholder and director of companies and as Founder/Council of Foundations also is the Representative in Asia of an international bank. As such it can assist clients in the design, creation and management of business and investment structures with their own bank accounts.