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Question: Are there any penalties for the Labuan company annual renewal?
2-2. About Labuan Company Annual Renewal
Answer: Yes, if the renewal fees payment are made later than the annniversary due date, then the penalty will be imposed as follows:- (i) USD30 : Late Payment between 1-89 day(s) (ii) USD50 : Late Payment between 90-179 days (iii) USD400 : Late Payment more than 180 days
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Bona Trust Corporation offers Labuan company incorporation, trust setup, work permits, and more, connecting global businesses to ASEAN.
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