Labuan Licensing – Leasing Companies
Leasing is a business of letting or sub-letting property on hire for the purpose of the use of such property by the hirer, regardless whether the lease is with or without an additional option to subsequently purchase the said property, or other such business as approved by the Ministry of Finance, Malaysia
This reference to property includes any plant, machinery, equipment or other chattel attached or to be attached to the ground. With the exception to the transportation of passengers or cargo by sea or the letting out on charter of ships on voyage or time charter basis, Labuan leasing companies are allowed to carry on leasing of ships on a “bare boat” basis.
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