Off Shore Tax Haven in Labuan, Malaysia.
Off Shore Tax Haven in Labuan, Malaysia.
Not long ago a headline read, “Off Shore Tax Haven in Labuan Island”. Labuan? That little resort island off the Malaysian coast?
Is Malaysia A Tropical Paradise Tax Haven?
It can be. Provided you’re an overseas investor – meaning you are not resident in Labuan Island. Enacted by the Government of Malaysia, it has become one of the best offshore tax havens in Asia, and surprisingly little known too.
Read this Herald Tribune Report on Labuan Island - the Malaysian developed Tax Haven.
So, this little tropical resort with all it’s tropical spendour is a well disguised financial hot house. The unwitting visitor might not realize it at first. But the predominance of well heeled and often famous “visitors” make this little place appear unusually well appointed too. Taking a stroll into the banking or financial district, you’ll find the services for offshore banking, offshore trusts, offshore investing. All of these activities can be quite difficult to navigate for the newcomer, but never fear, there’re always the trusty offshore company formation experts (under strict Government Laws) and services to guide you.
So what has such a tropical paradise got to do with getting international tax moneys? Let’s call it friendly international competition that the world over is competing on.
Tax Havens As Money Launderers?
Even the so called wealthy and developed countries of the world are in on this battle. Sometimes called a money launderer’s paradise by the big industralized nations, they actually serve a great purpose in leveling the financial playing field where income and reducing tax rates are concerned for those people trapped within the jurisdictions of overly high income taxes.
The greedy over taxing governments that continuously fund their own coffers with tax payers cash suddenly have to reduce their income taxes to compete for those same dollars to stay at home.
Oh, another thing, ALL INVESTIGATIONS OF MONEY LAUNDERING in those jurisdictions have found very tiny percentages (less than 1%) of fight capital is really not so. In fact, the biggest money laundering problems are really within the borders of those big industrialized nations themselves – the very same ones that claim tax haven drive criminal activity! Come now, shame on them for telling the world such fibs. CLICK HERE and read about it.
In fact, most people using tax havens are legitimately doing so within the rules of their local laws and international law too.
The way I see it, there’s nothing wrong in retiring early and enjoying living life the way you want it to be.
Shameful Double Standards
Oh, shhh….once in a while, if you travel to these parts of the world, you’ll get to meet and see on international and industrial celebrities and the occassional government or former government official who make use of these shall we call them…ahhh…Facilites?
But no pictures please! You’ll not like what those jurisdictions will dictate to you if even attempt to do so. Don’t just take my word for it and go see for your self and see for yourself the tax savings wonders of an offshore company formation.
Tags: Off Shore Tax Haven, Offshore Banking, offshore company formation, offshore investing, offshore trusts, Tax Havens
Posted in Financial Freedom Banking, Malaysia Tax Haven: Labuan, Offshore Tax Haven, Sovereign Journeys | 8 Comments »
But let’s take a look at Panama. Once invaded by American soldiers, they are now invaded by American retirement lifestyle seekers. What with high rise condos and golf course resort retirement, Panama city is very attractive. So attractive that Panama actually gets investors from many other countries too. Their favourite past-time? Offshore company formation – starting with the Panama Corporation or an Offshore Trust formed in Panama.
