A Quick Look on Few Key Features of the Labuan Money Broking

The money broking business conducted in Labuan can be defined as the business of having an arrangement of transactions between buyers and sellers in the exchange market with brokers acting as the mediator between buyers and sellers with the consideration of being paid the brokerage fees whereas buying and selling of foreign currencies don't come under the brokerage. The main authority called Labuan IBFC is the authority that regulates the Labuan money broking business. For your better understanding of the Labuan money broking business aspects, we have listed few key features knowing them which can help you in understanding the money broking business in Labuan even better.

Licensing fees(Annual)	RM5,000
Share Capital- Authorized Capital	N/A
Directors	Minimum Two
Location of meeting	Anywhere
Local directors	Optional
Share holders	Minimum One
Corporate shareholders	Allowed
Local shareholder's requirement	No
Company Secretary	Minimum One
Company Secretary Requirements	A resident secretary
Office	Registered Office
Taxation	RM 20,000/- or 3% of net audited profits

The benefits of the Labuan money broking are numerous that there is no prescribed requirement for shareholders and directors to look out for the arrangement for meeting as a meeting can be held anywhere. Also, you are have the flexibility of opening banks in Malaysia for the company's operational or money broking work. The total processing time for the money broking business application is just around two months.

For more information, you can consult Law & Commerce Trust Limited company whose experts are experts in making you understand all the major and minor aspects of the Labuan money broking business and license in a feasible manner.

For more information visit us at http://www.simplyoffshore.com/labuan-business-licences/

Contact Us
Labuan Head Office Level 2,Lot 19,
Phase 3, Lazenda Commercial Centre,87007
Labuan F.T., Malaysia
Telephone: +60321613430