Incorporation and Registration Procedures
The general process of incorporating a Labuan company involves the following:
- The applicant must be aware of the legislative framework of Labuan IBFC, and the powers and duties of a Labuan company and its members under the Labuan Companies Act 1990 (LCA).
- The applicant must appoint a licensed Labuan trust company, which should conduct its own due diligence on the prospective client.
- Reservation of a company name is subject to the following:
- The client may choose any name, but Labuan FSA has the discretion to reject the name if it is undesirable or involves a name that the Registrar is not willing to accept;
- The name shall contain any word or abbreviation thereof in the national language of any country with an accurate and certified rendition of the name in the English language provided;
- Application fee for reservation of name is RM50; and
- Approval by the Registrar is within 24 hours, and the name will be reserved for a period of three months.
- The client may choose any name, but Labuan FSA has the discretion to reject the name if it is undesirable or involves a name that the Registrar is not willing to accept;
- The application for incorporation of a company must be accompanied by the following documents and payments:
- Memorandum and Articles of Association of the proposed company;
- Statutory declaration of compliance by the trust company;
- Consent to act as a director(s);
- Individual forms filled up by each director; and
- Relevant fees.
- Memorandum and Articles of Association of the proposed company;
For activities that require licensing, prior approval to conduct such business must be obtained before incorporation.
Type of Fees
Fees (RM/USD)
Form
General Fees
Incorporation Fees
Paid-up Share Capital
Registration Fees
Annual Fees
Approval process
Upon lodgement of complete documentation and payment of fees as well as clearance from the due diligence process conducted by Labuan FSA, a Labuan company can be approved for incorporation or registration within 24 hours.
