Search
  • Русский
    • Why InternationalWealth?
    • Contact us Now
    • Payment
    • Confidentiality
    • How to Start
    • Information for HNWI
      • Luxury real estate for HNWI/UHNWI
      • Family Office
      • Premium Offshore Services
      • VIP-Lifestyle
      • Offshore Precious Metals
    • Русский
    • Search

    Enter your search text

    InternationalWealth.info

    The biggest portal about international asset protection and diversification

    +507 848 3045
    +44 7700 304814
    +372 5 489 53 37
    +381 6911 12327
    Products and
    services ➝
    InternationalWealth.info

    The biggest portal about international asset protection and diversification

    +507 848 3045
    +44 7700 304814
    +372 5 489 53 37
    +381 6911 12327
    Products and
    services ➝
    • Main Menu
      • Services and Products
    • Offshores, Midshores, Onshores
      • Offshore Companies
      • Offshore Jurisdictions
      • Offshores
      • Deoffshorization
      • SUBSTANCE – Real Presence
      • Offshore and Anti-Offshore legislation
      • Offshore Wisdom
      • Offshores for Beginners
    • Asset Protection
      • Offshore Trusts and Foundations
      • Asset Protection
      • Cryptocurrency
      • All about Fintech
      • Anonymity Offshore
      • Offshore Assets Inheritance
      • Intellectual Property Protection
      • Offshore Investments
    • Citizenship by Investment
      • Second Citizenship and Passport
      • Permanent Residence Permit Abroad
      • Tax Residency
      • Resident Visa
      • Travel Visa
    • Business Abroad
      • Business Abroad
      • Startup Abroad
      • Free Port
      • IPO Abroad
      • Holdings Abroad
      • Offices for Business Abroad
      • Business Connections Abroad
      • Legal Services Abroad
      • Accounting Services Abroad
      • Audit Abroad
    • Immigration
      • Emigration and Immigration
      • Business Immigration
      • Offshore Real Estate
      • Life Abroad
      • Expats Life
      • Study Abroad
      • Offshore Retirement
      • Overseas Employment
    • International Taxation
      • Tax Planning
      • Offshore Taxes
    • Foreign Banks and Accounts
      • Foreign Bank Accounts
      • Offshore Bank Accounts
      • Offshore Payment Systems
      • Own Offshore Bank
      • Offshore Broker Account
      • Foreign Bank Cards
      • Offshore Banks
      • Offshore Merchant Account
    • For Professionals
      • Offshore News
      • Offshore Consultants
      • Our Readers
      • Offshore History
      • Offshore conferences
      • Advertising on the Portal
    • Travelling and Treatment Abroad
      • Offshore Travelling
      • Medical Tourism
    Как открыть иностранный банковский счет в Maybank
    Main page » Services and products
    June 8, 2023

    Cost: from 1400 EUR

    Consultation

    Corporate Account in Labuan with Maybank: Remotely

    Below is our guide on the remote opening of a corporate bank account in Labuan. We recommend and can help businesses open accounts with the Maybank bank that would be particularly suitable for trading companies and holdings in Asia.

    Labuan (the Federal Territory of Labuan) is an international financial hub, a jurisdiction attracting and encouraging investments from around the world. Labuan Liberty Port is a duty-free port with relaxed customs procedures, no turnover tax, no excise duties, and many other benefits.

    Labuan trading companies pay the annual corporate tax of 3% or RM20k. No taxes are charged for non-trading activities, including investment holding income.

    Labuan has double taxation agreements with over 40 states.

    banner_people

    Discuss the details with an expert

    Check the list of required documents, and get the details of the process, terms, and costs.

    Contact a consultant

    Let’s talk via messenger

    WhatsApp Telegram

    Maybank in Labuan

    Maybank is Malaysia’s largest financial services group and the leading banking group in South East Asia. It was founded as a Malaysian universal bank in 1960.

    In 1990 it launched its operation in Labuan, having incorporated Maybank International (L) Ltd (MILL), a wholly-owned subsidiary in Malaysia. In June 2013, the bank set up Maybank International Labuan Branch (MILB).

    Maybank in Labuan is subject to the Labuan Financial Services and Securities Act 2010.

    The bank’s liabilities are fully guaranteed by the parent company.

    The Maybank branch in Labuan renders a comprehensive range of financial services, from conventional banking to Islamic banking, from traditional loans to short-term loans issued on Shariah principles.

    Why should you choose Maybank?

    • Maybank is recognized as Malaysia’s regional financial services leader.
    • It is ranked among the top five banks in South Asia with total assets of USD165 billion.
    • Maybank has branches and offices in 20 countries.
    • It provides services to 22 million customers.
    • Every year Maybank participates in reputable Asian, European and global contests and has earned a long-standing recognition and many prestigious annual awards as the best retail bank in the region, the leading issuer of bank cards, the outstanding provider of internet-based services, the most successful financial brand, the best employer, and a winner in many other categories.
    • The bank has chosen the mission of humanizing financial services across Asia, providing convenient access to financial services, fair conditions and tariffs, always acting in the best interests of clients.

    Services offered by Maybank to corporate clients

    The Maybank branch in Labuan provides the following services:

    • deposits in foreign currencies
    • term deposits, for the period from one day to 6 months
    • term loans, short-term and revolving loans
    • letters of credit, income checks, bank guarantees
    • treasury services: FOREX, interest rate exchange, currency swaps
    • Islamic banking solutions.

    Maybank cards

    The bank issues the following bank cards for its corporate clients in Labuan:

    • American Express
    • MasterCard
    • Visa
    • MAS American Express.

    Maybank e-banking

    Maybank e-banking services via the internet guarantee speed and convenience. There are user-friendly applications for computers and mobile devices.

    Online banking solutions have been designed to enable customers to conduct transactions anywhere, transfer employees’ salaries, invest, put funds on term deposits, perform other operations.

    How to open a corporate account with Maybank in Labuan?

    To open a corporate account with the Maybank branch in Labuan, you will need to take the following steps:

    1. Prepare copies of the required documents and fill in the application form
    2. Register incorporation of your company and get the permission to open a bank account in Labuan (this normally takes less than 1 week)

    Please note the eligible criteria: corporate bank accounts in Labuan can only be opened for companies incorporated in Labuan (as a Labuan entity). Your company’s operational substance is mandatory (i.e. a registered Labuan office, 2-4 local full-time employees, the minimum annual operating expenditure in Labuan). Please write to our experts at info@offshore-pro.info to enquire about the new relevant provisions of the Labuan Business Activity Tax (Amendment) Act 2020.

    • The Bank expects detailed answers to all questions, including the detailed outline of the company’s activities; the reason why this form of business was chosen; the reasons for inviting nominal service (if any); information about the beneficiaries.
    • Depending on your company profile, the procedure for opening an account will take up to one month.
    • After receiving the confirmation from the bank, you will need to transfer a deposit of 10,000 USD to your account.

    Please note that only corporate clients can remotely open a bank account in Labuan.

    List of documents to open a corporate account with Maybank in Labuan

    Each director (signatory) will need to submit the following documents:

    • Notarized copy of the passport
    • Proof of residence (usually a certified copy of a utility bill)
    • Proof of legal origin of funds may be requested.

    Company documents:

    •  Notarized copy of the Company incorporation certificate
    •  Notarized copies of the Memorandum and Articles of Association
    •  Certificate of Good standing.

    Documents must be not older than 6 months and include the name of the company, its registration number, address, names of directors and shareholders, description of business activities.

    A power of attorney will be required for remote account opening.

    Please note: Some applicants could find it important to apply for the second passport in Labuan.  For more information and services, you are welcome to write to our experts at info@offshore-pro.info.

    The Bank may also request you to submit copies of your contracts or temporary agreements with partners. The Bank will assess the general prospects of your business, how stable and real it is. It will be asking about your business area, the geography of your customers, and payment methods. Be prepared for an open dialogue.

    As mentioned above, the company needs to be physically located in Labuan. Labuan offers quite many specific advantages for businesses, as low taxes and favorable legislation allow them to develop without unnecessary complications.

    The costs of opening a corporate account start from 1400 EUR, which is our fee for services of your account opening. Besides, as you will also need to fill in an information letter, you can either try to do it yourself or use our help at the fee of 300 EUR. Other costs may include:

    Appointment of an authorized signatory (a fee per one signatory)60 EUR
    Replacement of the authorized signatory (a fee per one account) 400 EUR

    Maybank will also ask you to deposit 10 000 USD after you receive the confirmation and details of your account.

    Please find more bank account and company registration details by contacting our experts at  info@offshore-pro.info.

    Need a consultation?

    Please read other interesting articles at InternationalWealth.info portal:

    1. Offshore Merchant Account – Book a Consultation
      Offshore Merchant Account – Book a Consultation

      In search for a legal way to open an offshore merchant account to manage your international business? A free consultation from International Wealth experts is…

    2. Banking Services for Non-Residents in Uruguay in 2023
      Banking Services for Non-Residents in Uruguay in 2023

      You will find a lot of articles on the Internet regarding relocation to Uruguay, but you will hardly read any trustworthy information about the possibilities…

    3. Money on the Bank Account: How Much and What For? Optimal Ways of Personal Finances Management
      Money on the Bank Account: How Much and What For? Optimal Ways of Personal Finances Management

      Account for Everyday Purposes Account Statement for Migration Procedures Account Statement to Prove Financial Transactions Money to Make Large Purchases Crossing…

    4. Which Country Owns the Most Banks? Ranking of the Largest and Safest Banks in 2023
      Which Country Owns the Most Banks? Ranking of the Largest and Safest Banks in 2023

      Ranking of the largest banks in 2023 Interpretation of results The world's largest banking institutions - an alternative perspective The world's…

    5. What Is the Main Bank in Europe? Everything You Need to Know About the European Central Bank
      What Is the Main Bank in Europe? Everything You Need to Know About the European Central Bank

      The history of the formation and development of the European Central Bank The European Central Bank’s primary goals The principles of…

    6. What Jurisdictions Aren’t World Bank Members Yet?
      What Jurisdictions Aren’t World Bank Members Yet?

      In July 1944, the Bretton Woods Conference marked a new era in global finance and economics. Suffice it to say that 2 prominent international financial…

    7. What Are Some Dangers of Offshore Banking?
      What Are Some Dangers of Offshore Banking?

      Offshore banking, or opening an offshore account, can be an excellent solution for protecting assets, reducing costs, and expanding investment opportunities. Despite the convenience and…

    8. Top 10 Safest Banks in Europe: What Determines Their Stability?
      Top 10 Safest Banks in Europe: What Determines Their Stability?

      Who Is Responsible for the Reliability of Banks in Europe? European Central Bank European Banking Authority Main Criteria that Make Banks…

    Please help us make the portal even more informative, up-to-date, and valuable for you and your business.

    Your email address will not be published.

    Popular Posts

    Foreign Citizenship by Investment: All Available Options
    Foreign Citizenship by Investment: All Available Options
    Going Offshore in Nevis: IBC or LLC?
    Going Offshore in Nevis: IBC or LLC?
    The Offshore Pro Guide to Top Banks in the Caribbean for 2023
    The Offshore Pro Guide to Top Banks in the Caribbean for 2023
    Portugal Golden Visa Residence Program
    Portugal Golden Visa Residence Program
    Anonymous China UnionPay Multi-Currency Card (USD/EUR)
    Anonymous China UnionPay Multi-Currency Card (USD/EUR)
    Registration of an LLC in Wyoming, USA for Non-Residents
    Registration of an LLC in Wyoming, USA for Non-Residents
    Offshore International Business Corporation (IBC) in the Marshall Islands
    Offshore International Business Corporation (IBC) in the Marshall Islands
    Residence Permits in Serbia in 2023 Leading to Citizenship in the Future
    Residence Permits in Serbia in 2023 Leading to Citizenship in the Future
    Belize LLC: A Window of Opportunity for Offshore Business in 2023
    Belize LLC: A Window of Opportunity for Offshore Business in 2023
    Register an LLC in Nevis
    Register an LLC in Nevis
    Register a Company with a Corporate Bank Account in Serbia
    Register a Company with a Corporate Bank Account in Serbia
    Combining a Nevis Offshore Trust and LLC Create The Ultimate Asset Protection Combo
    Combining a Nevis Offshore Trust and LLC Create The Ultimate Asset Protection Combo
    Why Serbia may be the best destination for you
    Why Serbia may be the best destination for you
    Limited Partnership Registration in Ontario, Canada for Non-residents
    Limited Partnership Registration in Ontario, Canada for Non-residents
    Panama Corporations and Bank Accounts: latest news
    Panama Corporations and Bank Accounts: latest news
    Top Countries for Opening Offshore Bank Accounts
    Top Countries for Opening Offshore Bank Accounts
    Top 10 Swiss Banks for Non-Residents in 2023
    Top 10 Swiss Banks for Non-Residents in 2023

    InternationalWealth.info

    All Rights Reserved © 2011 - 2023. INTERNATIONAL ASSET PROTECTION AND DIVERSIFICATION BLOG.
    Legal disclaimer

    InternationalWealth.info © 2023

    address PH Park Studios, C. La Colina, Panama