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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.
- 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 | Form | |
| RM | USD | ||
| General Fees | |||
| Application for the reservation of company name | 50 | 15 | 9 |
| Incorporation Fees | |||
| Statutory declaration of compliance | Nil | Nil | 6 |
| Consent to act as director | Nil | Nil | 24 |
| Memorandum and Articles of Association (Labuan company) | Nil | Nil | Nil |
| Paid-up Share Capital | |||
| RM50,000 and below | 1,000 | 300 | Nil |
| Exceeds RM50,000 but less than RM1 million | 2,000 | 600 | Nil |
| RM1 million and above | 5,000 | 1,500 | Nil |
| Registration Fees | |||
| Statutory declaration by a Labuan trust company as an agent of a foreign Labuan company | Nil | Nil | 33 |
| Return on particulars and changes of directors and secretaries | Nil | Nil | 25 |
| Memorandum and Articles of Association (foreign Labuan company) | Nil | Nil | Nil |
| Registration of a foreign Labuan company | 6,000 | 2,000 | Nil |
| Annual Fees | |||
| Labuan company | 2,600 | 800 | Nil |
| Foreign Labuan company | 5,300 | 1,500 | Nil |
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.
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