Ranging from low or no taxation to great privacy, An offshore bank account offers a wide range of benefit to its foreign clients. With an Labuan offshore bank account, you can access funds worldwide and might get higher interests for low taxes.

1. Major Advantages of Offshore Bank Account
An offshore bank account can offer numerous new financial planning opportunities and benefits.
People can opt for an offshore account if they are looking for the numerous banking benefits and
services that aren’t available in their home country, or maybe trying to get a safe place for
money amid political or economic insecurity.
Labuan Offshore Bank Account offers a large number of benefits to the account holders. Some of
the main benefits include little or no taxation, greater privacy, protection from economic or
political insecurity and most importantly easy to access deposits. Labuan is opted by most of the
business owners or wealthy people as it comes under low tax jurisdiction (tax haven) and offers
many services to the foreign people.
Labuan Offshore banking comprises a substantial portion of the international financial system.
Offshore banking is frequently linked to several other corporations, such as offshore
corporations, nonprofit trusts or other foundations that may have particular benefits of taxation.

2. Offshore bank accounts are generally required to enable funds to be received or remitted
pursuant for the formation of offshore companies or trusts. SimplyOffshore can assist you
efficiently in opening various Offshore Bank Account in numerous centers and can offer effective
advice for the same.
Contact
Labuan Head Office
Level 2, Lot 19, Lazenda Commercial Centre
Phase 3, 87007, Labuan F.T.
Malaysia
Tel: +6 087 421 644
Fax: +6 087 421 646
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Kuala Lumpur Marketing Office
Block B, Level 7, Unit 6, Megan Avenue 2
No.12, Jalan Yap Kwan Seng
50450 Kuala Lumpur
Malaysia
Tel: +6 03 2161 3430
Fax: +6 03 2161 3485