Labuan Work Permit - Things No One Told You Labuan refers to a mid-shore jurisdiction offering immense flexibility to foreigners who remain interested in setting up an international business within Malaysia. The three benefits of Labuan company registration are a 3% tax regime, 100% foreign ownership, and permission to deal with Malaysians. Apart from that, Labuan organizational owners can apply for two years renewable multiple entry Labuan work permit for all expatriates and directors together with their children and spouse under age 21 with an alternative to reside in Malaysia. As a country, Malaysia offers a stable and peaceful stay at an affordable cost of living for you as well as your family. Therefore, you can feel free to do your global trades by staying in Malaysia.
What Happens For Those Not Residing In Malaysia? For people who do not reside in Malaysia, the two years multiple entry Labuan work permit visa helps facilitate your entry in and out of Malaysia, comfortably to do business meetings, the opening of bank account, which presently is required, and banking matters and a valid visa concerning check signatory person.
What Else Does Labuan Work Permit Have In-Store? The Labuan company work permit additionally comes with numerous entries for your convenience and comfort without the requirement to apply for any kind of visa from Malaysian embassies for your visit to the country. As far as the Malaysia immigration law is concerned, foreigners having a tourist visa are not permitted to do any kind of business activities. The comprehensive solutions of immigration incorporate profiling and due diligence of documentation for ensuring that all applications remain in order before submitting to required authorities for approvals and to also make sure that the Labuan work permit happens to be endorsed successfully. Your application for the two years work permit also includes the immigration department and Labuan authority. The processing time for the application for both approvals required 30 to 45 days.