Offshore companies are those that have been incorporated in a jurisdiction outside their central location of operation. Choosing which jurisdiction to incorporate your company is a key factor that can determine the success of your business.

As a key regional and global hub for business, Malaysia is an ideal place to set up your company. The risks are low to none due to its political and economic stability which add to its pro-business environment.

As an experienced institution, we will be able to properly help and guide you in your offshore business formation. We will provide you with expert advice and professional service that will completely take the load of setting up a company off your back.

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Advantages of Setting up an Offshore Company in Malaysia

Ease and efficiency of company registration, straightforward reporting requirements, absence of bureaucratic red tape, and attractive tax benefits are just some of the off-hand benefits you will be getting when choosing to set-up an offshore company here.

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Here are more details about those advantages that will make Malaysia your top pick:

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Attractive Tax Benefits

Offshore based private companies can achieve considerable tax savings which is one of the main lures of this kind of investment. Despite not being a tax haven, it still has lucrative offerings with its simple and low tax system. Corporate taxes are on a territorial basis, which means income is taxed only if it is earned in Singapore or is received in the country from a foreign source.

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Tax rates for corporations are still relatively low where profits of up to S$ 300,000 will have a tax rate of only 8.5% while those exceeding said profit is capped at a flat rate of 17%. However, if the income coming from a foreign source is received in Singapore and meets certain qualifying conditions, then the company does not have to pay any taxes.

In addition, a newly formed company is also exempt from paying taxes for its first three years given that it meets certain requirements such as having a maximum of 20 shareholders where are least one shareholder owns 10% of the shares.

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Honest and Stable Government

Just like its ranking in ease in doing business, Singapore also sits comfortably among the least corrupt country in the region. The premium placed on openness and transparency leads to the enactment and strict implementation of laws and legislation imposed by the government on all business matters, dealings, and transactions.

With clear-cut government policies when it comes to business, sound and efficient legal system, stable government, and overall business-friendly environment all worries when putting up an offshore business are eliminated.

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Relaxed immigration and foreign ownership policy

Should you need to settle permanently in the country, Singapore has lenient immigration guidelines that make it easy for foreign professionals to get a Permanent Residence status. Likewise, liberal foreign ownership policy allows 100% foreign shareholdings in all sectors.