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Top Reasons to Incorporate Your Business

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 There are several types of businesses that can be set up and run for specific purposes, most noticeably, to make profits. These types can be classified into sole proprietorship, partnership, limited partnership, incorporation, Limited Liability Company (LLC), non-profit organization, and cooperative. Among these types, incorporation comes with many advantages such as protecting assets from legal suits and creditors. It is a legal process to form a corporate company or entity and separates its assets and income from the investors and owners. Whether it is company incorporation in Malaysia or elsewhere, the resulting corporate is identified by terms such as ‘Inc.’ or ‘Limited or Ltd.’  In simple terms, incorporating a company involves declaring it a separate entity from its owners.  In Malaysia, most start-ups begin their journey as sole enterprises or proprietorships. However, with business expansion, such sole enterprises can face increasing challenges or risks, which m...
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What Benefits to get from a Labuan Work Permit in Malaysia?

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Malaysia is a country for all seasons where people can visit as a tourist and explore the place, especially its natural treasures, and enjoy its pleasant tropical climate. The tropical climate can be a giveaway for people coming from the cold climes of Europe. Besides, Malaysia has everything that is needed for modern living – good healthcare facilities, international schools, robust connectivity, great infrastructure, and employment opportunities, among others. Many wealthy foreigners get so enamoured of Malaysia that they settle for its Malaysia My Second Home (MM2H) program wherein they can buy a second home.  With a moderate cost of living, Malaysia can be pretty decent for wealthy living, especially if one happens to come here as an expatriate employed by a foreign company. Although Malaysia happens to be a favourite business destination for global companies, it is the mid-shore free economic zone called Labuan that offers foreigners the best opportunities to set up a company....
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Location: Malaysia
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Why should Businesses set up a Labuan Offshore Company?

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One must weigh in his or her options before opportunity knocks. This is true for businesses as well for investing in a company at the right place and time can ensure handsome returns. In the competitive world of business where staying afloat has become difficult let alone succeed, finding a suitable business destination offering plenty of opportunities can be a godsend. In the last decade or so, Malaysia has emerged as a powerful economy, especially in the Asian region, for businesses to invest and grow. To incentivize global businesses, Malaysia has set up several regions to serve as the hubs. Labuan happens to be one such region that offers a slew of benefits like reduced tax liability, better brand equity, and a seamless procedure for Labuan company registratio n. It has gained the reputation of being one of the prominent offshore financial centres in Asia where several multinational companies are setting up their infrastructure and grow their business.  Benefits of establishing...
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