Labuan is an incorporated IOFC, presenting an extensive range of offshore financial products and services to clients globally which include banking and investment banking, insurance, investment holding, trust business, captives, fund management, company management and Islamic financing.
Labuan is an island ideally situated in the Asia-Pacific province. It is governed by the Federal Government of Malaysia, simply accessible, has a widened infrastructure, satellite telecommunication, low cost of starting new business, stability in politics, and even shares similar time zone like other major Asian cities.
If you are interested in Labuan trust, you can contact to Simply Offshore for friendly and cost effective services.
In broad terms, there are four kinds of Labuan trusts:
- Private: It includes discretionary, growth and maintenance, life interest and fixed attention trusts.
- Corporate: it includes pension and employee profit trusts.
- Charitable: it is primarily designed for the benefit of charitable organizations.
- Purpose: Trusts who has no beneficiaries that is set up for purposes that are positive, reasonable and possible.
Traditionally, Labuan trusts have been quite significant tax planning tool and even at present a very high share of tax saving plans occupy trusts.
For more information, visit http://www.simplyoffshore.com/labuan-trust/ now online!
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