Print Below is the Comparison MM2H Visa and Labuan Visa guide is here to assist you to make the right decision. Labuan Company is for entreprenuer who like to start business in Malaysia. The types of business can be performed under Labuan Company, please click here!.
Comparison MM2H Visa and Labuan Visa
| Comparison | MM2H Visa | Labuan Visa | ||
|---|---|---|---|---|
| Both visa holders can purchase unlimited number of properties in Malaysia. | ||||
| Type of Visa | 10 years’ multiple-entry renewable Social Visa | 2 years’ multiple-entry renewable Business Visa | ||
| Dependents Visa | 10 years’ multiple-entry renewable visa for children (under age 21) and half yearly visa for parent of main applicant only | 2 years’ multiple-entry renewable visa for children (under age 21) and yearly for parents of both main applicant and spouse | ||
| Business Conduct | Strictly as investor only | Can perform multiple businesses | ||
| Requirement to Join | To show RM 350,000 (for aged above 50 or RM 500,000 (for aged below 50) in bank account and monthly income of RM 10,000, approval 90 to 120 days | Passport and Business Plan, approval within 60 days with paid up capital of RM 250,000 | ||
| After approval | To place Fixed Deposit RM 150,000 (for aged above 50) or RM 300,000 (for aged below 50) in Malaysia bank, medical check-up and insurance | No Fixed Deposits, Just fly to Labuan for stamping of visa (one time only) | ||
| Personal Tax | Any fees derived subject to 0-26% tax | Zero tax for Directors’fee, up to Year 2020 | ||
| Company Tax | – NA- | Flexible tax rate 3% or RM20,000 flat for international sales. For Malaysia sales, tax rate will be 24% | ||
| Yearly Compliance | -NA- | Secretarial fee and tax filing – approx. USD 2,000 yearly (exclude Audit Fee for trading business) | ||
| Renewal of Visa Requirement | Monthly income and bank balance | Active company with up to-date compliance and tax filing | ||
| Company Bank Act | Unable to operate | Yes, able to open with multiple currencies | ||
| Personal Bank Act | Yes, able to open | Yes, able to open | ||
| Office Set-Up | NA | Yes, to set up in Labuan after visa stamped | ||
| Residential Add | Need not provide | Yes, to provide in Labuan after visa stamped | ||
For complete information on Labuan Company set up, please visit www.LabuanBusiness.com (english) or www.LabuanCN.com.
Feel free to contact us at +603-2161 5096 or send us the enquiry form to better advise you to meet your objectives in Malaysia.