Setting up a business or company in Labuan

Are you thinking about setting up a company in Labuan?

Here is some information that you may want to know before you get started.

1. First of all, the applicant must be aware of:
   • Legislative framework of Labuan International Business and Financial Centre (IBFC)
   • duties and powers of a Labuan company and its members under the Labuan Companies Act 1990 (LCA)
2. The applicant must appoint a licensed Labuan Trust company (Indah Trust Limited is a licensed Trust company in Labuan), to conduct and perform due diligence on the applicant.
3. Company name reservations are subjected to the following conditions:
   • While the applicant is allowed to choose any name but will be subjected to Labuan Financial Services Authority (FSA)’s approval.
   • The company name shall contain any word or abbreviation in the national language of any country with an accurate and certified rendition of the name in the English language provided.
   • For company name reservation, the application fee is RM50.
   • Duration for the approval process by the Registrar is 24 hours. Once approved, the company name will be reserved for a period of three months.
4. Documents and payments required for registering a Labuan company are:
   • Memorandum and Articles of Association of proposed company
   • statutory declaration of compliance by the trust company
   • consent to act as a director(s) and their respective completed forms
   • Labuan company formation cost

There are some business activities that require licensing and the applicant should get approval to conduct such activities before incorporating a Labuan company.

More information such as the advantages, company structures and other frequently asked questions can be found in Labuan company formation