Notice on the Requirement for Advance Annual Fee Payment for Labuan Non Licensed Entities wt Work Permit Holders

With immediate effect, all Labuan non-licensed entities with the existing Expatriate Pass(s) and/or intend to submit the Expatriate Pass(s) application will be required to pay at least two (2) years annual fee in advance which is in line with the validity of the Expatriate Permits.

This requirements will be effective from the date of the Notice issued by the Labuan Financial Services Authority (“Labuan FSA”) and would remain effective and applicable unless subsequently amended or revoked.

For the avoidance of doubt this requirement is also applicable to the Expatriate Pass application which is currently under review by the Labuan FSA

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