E-wallet transactions and Labuan jurisdiction

1. E-WALLET TRANSACTIONS AND LABUAN JURISDICTION We all know that the world is moving forward towards digitisation. All of us are aware of the fact that, how important the hassle free solutions for retail and other online businesses has become in today’s world of modern technology cashless payments has been the most important aspect. Many organisations who are not from the technology market try to implement Payment Gateway technology so that they have a seamless economic front and have their chances to stay relevant and competent within the current scenario off the dynamic global economic trend.

2. As we speak about the Labuan jurisdiction, we can say that it’s service of providing approval for e-business transactions has made it all the more influential in its niche. The offshore market calls for diligence and attention to detail, and that’s what Labuan jurisdiction offers to all the firms who plan on entering the Malaysian market. Speaking further on the topic, let’s take a look at the benefits offered by the jurisdiction along with the issuance of the E-Wallet Licence. THE BENEFITS THAT MAKE ALL THE DIFFERENCE Labuan jurisdiction has always had the reputation to offer all the organizations, all the benefits that they require in order to peacefully operate. Below are some of these benefits, a quick look at them would help to get a better perspective on why every firm out there should stop their quest of finding the perfect platform for commencing their offshore business, and enter the Malaysian market instead. Total ownership: An organization that has the E- Wallet Licence under Labuan jurisdiction enjoys full control over its business.

3. Tax benefit: Corporate tax rateof 3% is undoubtedly the prominent benefit because it is directly related to each organization at their operational level. Low corporate tax rate means the owner and the business has enough funds to make improvements. No tax on dividends: All the licensed organizations who issue dividends to their shareholders under Labuan jurisdiction are subject to full exemption of tax on the same. Multiple entry working visa: Labuan jurisdiction also offers a multiple entry working visa to organizations which is renewable. THE BIGGER PICTURE At the end, it’s all about the processes involved and the added benefits that makes a jurisdiction a favorable one. When we speak about Labuan, it’s not always about Opening an Offshore Business Account or the issuance of the e-wallet licence, but about the skilful strategies of Labuan jurisdiction.

4. If you too are looking to enter the Malaysian market, you can always look up QX Trust online or reach out at +60 3 9212 6940 and book a consultation where you would be informed about all the benefits that you can enjoy once you have started operating under us. Our clientele and the varied service palette make us all the more approachable for all the organizations who think they can enter the offshore market. Contact us today, and allow us to offer you the best offshore services. Our successful track record and satisfied clientele proves the fact that we are the best offshore services provider in Labuan.