- What is the difference between a Labuan Company and a Malaysia Sendirian Berhad (Sdn. Bhd.)?
Labuan Company is governed by Labuan Financial Services Authority whereas the Malaysia Sdn. Bhd. is governed by Companies Commission of Malaysia (SSM)
- Why incorporate a Labuan Company?
Please refer to Bird’s Eye View on Why Choose Labuan for better understanding
- Please advise what type f Labuan Company can be formed?
Limited by share | Limited by guarantee | Unlimited | Foreign registered company
- What kind of business activities are regulated by Labuan FSA?
A Labuan would need to be licensed if it intends to undertake specific businesses as defined under the Labuan Financial Services and Securities Act 2010 or the Labuan Islamic Financial Services and Securities Act 2010, which may include the Banking (Commercial bank | Investment bank), insurance and insurance-related (Life/General insurance | Reinsurance | Captive insurance (single/multiple owners) | Rent-A-Captive | Insurance manager | Insurance broker | Insurance underwriter), financial business (Money broking | credit tokens | Factoring | crypto exchange | leasing | Payment system), mutual fund (Private fund | Public fund | Fund manager | Fund administrator), leasing, exchanges and company management businesses.
- Is a local director or shareholder required?
No. A Labuan Company can be owned by 100% foreign members and appoint 100% foreign directors without prior approval from any authority. The shareholder(s) and director(s) can be the same person. The minimum requirement to incorporate a Labuan Company is with ONE (1) shareholder and ONE (1) director.
- Can a Malaysian incorporate a Labuan Company?
Yes. Both Malaysian corporate and Malaysian individual can incorporate a Labuan Company.