SOCOWO Limited (LL13588), a managed office or business centre dedicated to international business connections, is located at Financial Park Labuan, Malaysia. We strive to become a one-stop office space service solution provider that offers a complete range of business services for the entire life cycle of an enterprise.
Backed by an experienced and passionate team, we work relentlessly to provide ideal coworking spaces and exceptional business services for businesses to develop and establish international connections and expand networks with a unique entrepreneurial spirit.
SOCOWO—more than just a coworking space or serviced office.
SOCOWO is strategically located in Labuan Financial Park Complex where it is the largest integrated commercial landmark in the Federal Territory of Labuan, consisting of a mixture of shop lots, retail outlets, shopping mall, corporate office towers and serviced apartments. The corporate office towers of Financial Park Complex are mainly occupied by government administrative offices and offices of local and international financial institutions like banks, insurance, trust companies and fund management companies.
How to get to Labuan Financial Park from Airport
The increasing importance of business substance is a consequence of the implementation of Automatic Exchange of Information (AEOI) by the Organisation for Economic Co-operation and Development and, constant monitoring and enforcement by the local tax authority, such as Malaysia’s Inland Revenue Board (IRB) to tackle on the tax evasion matter. The absence/incomplete of business substance could set your business up for legal ramification.
Under the employment of Labuan entity and not merely on secondment basis.
Maintain own office space and mere registered office is insufficient
Must maintain its own bank account
Key decisions and conclusion of purchase/ sale contract carried out in Labuan
All trading activities received in Labuan through its bank account.