Money broking in Malaysia and qx trust

1.

MONEY BROKING IN
MALAYSIA AND QX TRUST

2.

OVERVIEW
Money broking is one of the most integral parts of a financial
service providing organization. And for doing money broking
business in Labuan, no place is better that QX Trust and the Labuan
jurisdiction. For a business to start operating under the jurisdiction,
it has to start after obtaining the business broking license, because
as we all know, money broking is subject to a great deal of risk and
transparence is one of the most prominent. While getting a license
is an important prerequisite, the acquisition of the same comes with
added benefits like; the organization is not entitled to paying any tax
on Withholding fee, royalty fee, and technical fee. When an
organization starts reaping the profits from its operations, and
starts realizing that it has the choice of omitting the cost it has to
bear I form of tax on withholding fee or royalty fee, the overall cost
of running the business with Labuan supposedly lowers down
dramatically which eventually makes the organization want to stay
in the market with its newly made alliance

3.

4.

WHY QX TRUST?
As we discussed earlier, a Money Broking Business in Labuan, enjoys
a number of benefits that helps the organization contribute actively in
the foreign (Malaysian) market. Speaking about the benefits the
money broking license can offer, we tend to come across the most
interesting one which is, ‘Full control over ones business.’ This implies
that the business is not required to have a local Malaysian business
partner to run it. Full control over the business allows the
businessman to trust the financial institution as it has given him the
freedom of unanimity as far as taking any important decision is
concerned. The absence of a foreign partner puts the business back
in the capable hands of the owner, for whom, the best interests of the
firm is a priority.

5.

IMPORTANCE OF HAVING A LICENSE
Any individual, who’s planning to start money broking business in
Labuan, as we discussed earlier, has to have a license before getting
into business. And the license should be approved on all the required
grounds mentioned under the Financial Services Act 2013. A license
for an organization is the proof of the expertise they hold when it
comes to that stipulated sector. If a company comprises of a broker
that holds the required license, then the institution is automatically
approved for getting the money broking license.

6.

ROLE OF LABUAN JURISDICTION
Once the business starts booming and the profit starts to come in,
then it is required to pay a heavy percentage of the same as the
Corporate Tax, thanks to Labuan Foundation and Trust that it asks only
three per cent of it and not more. These additional benefits may lure
new players to enter the Malaysian market but then the question
arises, ‘what is the point of this entire proposition if the business is
not getting any exposure?’ which is a serious thought every individual
or organization has in its mind if its planning for the long-run. In order
for a business to survive, it must know the other players in the
competition, and that’s when the right amount of exposure is required.
After getting the license, the business is open to a greater part of the
Malaysian market, almost seventy per cent, to look for others and
enjoy some healthy competition. This helps the organization become
more experienced in the market.

7.

The Labuan foundation and trust also allows you to do your operations
without paying any stamp duty and GST. When a financial centre is
offering to cut down additional costs it is presumed that it focuses
more on the benefits its clients receive and money broking is such a
sensitive business that having an impressive list of benefits which not
only covers the interests of the businessman/business but also itself
is usually a preference for the top players in the market.

8.

FOR MORE INFORMATION CONTACT HERE
CONTACT US :- +60 3 9212 6940
VISIT HERE: https://www.offshore-labuan.com/
ADDRESS:- Unit No. 3A-16, Level 3A
Labuan Times Square,
87000 F.T. Labuan, Malaysia