Wealth Management / Foundation
Foundation
Wealth management company
A Foundation is an incorporated legal entity similar to a company which can be used to hold assets in its own name with the objective of managing these assets for the benefit of a class of person on a contractual basis. Labuan Foundations are ideal for wealthy individuals, families, companies, and non-profit organizations who wish to control their assets and business while enjoying legal protection. Typically, Labuan Foundations are used for asset protection, charitable purposes, business succession, wealth management and other legal activities. Labuan Islamic Foundation are provided as well where operations must be in compliance with Shariah principles.
we are proud to be a leading wealth management company with over two decades of experience in managing company wealth. Our wealth management services are designed to offer customized strategies that address your unique financial goals, whether it’s growing your portfolio, safeguarding your assets, or planning for future generations. With a proven track record of excellence, we ensure your wealth is managed with precision and care.
Build Your Business Excellence With Us Today
Key Advantages
- Assets endowed are creditor proof
- Avoid internal conflict between family members
- Ensure continuity of assets through countless generations of family
- Founder reserve rights to manage assets
- Confidentiality provision of foundation ensures privacy of asset owners
What are foundations?
A Labuan foundation, as provided by the Labuan Foundations Act 2010, is a corporate body with a separate legal entity, established to manage its own property for any lawful purpose, be it for charitable or non charitable purposes.
Purpose
- Private Wealth Management
- Business succession tool
- Family business ownership preservation
- Charitable purposes
Example of Asset
- Business
- Property
- CDS Account
- Shares
- Cash
- Insurance Policy
- Unit Trust
- Other onshore and offshore investments
Download Our Fact Sheet
Why Choose BBS?
We understand the challenges encountered by entrepreneurs who are operating in a highly competitive and ever-changing environment. With more than 25 years of combined experience, we provide comprehensive business structure advisory and related services to assist entrepreneurs in navigating through challenges.
We stand out as a premier wealth management company thanks to our extensive local and international network. Our wealth management services are built on over 20 years of experience, offering personalized strategies tailored to your financial goals. We connect you to opportunities across the globe while ensuring your wealth is managed with precision and security. Partner with us to benefit from unparalleled insights and a commitment to excellence
25 Years of Professional Experience
Over 300 License Applications
End-to-end Business Advisory Services
Partners with More Than 50 Jurisdictions
Our Global Footprint of Advisory
FAQ
One share in any denomination in foreign currency except Malaysia Ringgit
Approximately 7-14 business days upon complete collection of the required documents
The director and the shareholder must be at least one person and can be the same person. It
can be fully owned by a foreigner.
A resident secretary is required.
• Trading company – please see attachment “LFSA – Code 20” for allowed activities under trading company.
• Non-trading company/investment holding – income mainly from dividend or interest.
*Kindly take note that the tax for general trading or import/export services is ranging from 15% – 24% under Malaysia Income Tax Act 1967.
• Trading company companies are taxed under Malaysia Income Tax Act 1967, which the tax ranging from 15%-24% of its profit except for Labuan licensed company. (Audit required)
• Tax for Labuan licensed company and business nature under “Code 20” is 3% of its audited net profit with fulfilled its substance requirements. (Audit required)
• Investment holding companies are not subjected to tax (0% tax) with the submission of yearly management account and fulfilled substance requirement.
No.
• CTC of Passport
• CTC of Proof of address (such as the most recent utility bill, internet bill, insurance statement, etc)
*CTC – Certified True Copies: Certification of documents must be made by competent persons such as a notary public, solicitor, chartered secretary, or certified public accountant,
and made in accordance with the law in Malaysia or in the country where the certification was made.
Our goal is to elevate your business to the highest level of success
Choose BBS Trust I’ntl Limited for expert wealth management services and wealth advisory services. With comprehensive financial and legal solutions, we are committed to helping you achieve financial success. Contact us today to discover how our personalized strategies and over two decades of expertise can help secure and grow your wealth. Partner with us for unparalleled financial guidance and results.