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Does the Labuan Company need to appoint an auditor?

April 26, 2017appoint Auditor COMPANY labuan

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Does the Labuan Company need to appoint an auditor?

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The appointment of an auditor is optional and dependent on whether the Company elects to pay tax at 3% of the net audited profit. If the Labuan Company is a licensed entity registered with Labuan FSA, then it is mandatory for the Labuan Company to have its accounts audited. A Labuan Company carrying on an offshore trading activity will need to appoint an auditor if it elects to pay 3% of the net audited profits for taxation purposes.