How About to Know Some Frequently Asked Questions for Labuan Trust Company? the most awaitable answers to some of the most common doubts of the Labuan trust company. So read the article and clarify your doubts easily. What is a Labuan trust and why should you go for it? You might have come across the word trust or a trust company, so the Labuan trust company is also used for the same purpose meant for any other trust company and that is, it is used for different purposes, but its main focus and interest is to safeguard the assets and manage the assets and give complete protection to the assets kept in that company. The Labuan trust is very flexible and can accommodate any type of need as they can be chosen from a variety of types as per the requirement and can be formed accordingly.
Who All Can Form a Labuan Trust? This is again very flexible approach as both Malaysian and other foreign investors can form a Labuan trust company without any difficulty. For people who are not resident of Malaysia, they are free to introduce Malaysia property into the trust and for Malaysian residents; they can put their international assets into the trust. Do I Have Control on My Assets or Not? Yes! The ownership can be transferred to the trustee who is a nominated beneficiary. But that doesn’t mean that you lose all the control over your assets, in fact, the trusts can be maintained in such a way so that it can let you earn income from your assets. To know more about the setup concept, it is always beneficial and recommended to consult any consultants who can guide you in forming a structured trust for better benefits. Tax Features for Labuan Trust Distributions?
This is exciting to know that the distributions of the Labuan trust to the beneficiaries are not liable for any tax features and they are exempted from the tax. So, there is no stress of any tax liability or for yearly audit. For more such frequently asked questions, you can learn more about Labuan trust from several online resources from which you can clarify the doubts and can know more about it in order to form it in a much defined and controlled way. For more information Visit us at http://www.simplyoffshore.com/labuan-trust/
Contact Us Labuan Head Office Level 2, Lot 19, Phase 3, Lazenda Commercial Centre, 87000 Labuan F.T., Malaysia. Phone: +6 087 421 644 Fax: +6 087 421 646