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Labuan FSA Revises Guidelines on Work Permit Applications in Labuan IBFC for Licensed and Non-licensed Entities
Labuan Financial Services Authority (Labuan FSA) on 25 February 2015 issued revised guidelines on work permit applications in Labuan International Business and Financial Centre (Labuan IBFC) for licensed and non-licensed entities, which came into effect on 1 March 2015.
For the revised guidelines and circular note on work permit applications in Labuan IBFC, please refer to the attachments.
The purpose of the revised guidelines is to facilitate the application of work permits for expatriates working for licensed and non-licensed entities in Labuan IBFC by specifying the eligibility criteria and application, operational and compliance requirements. A statutory declaration in relation to a work permit application is also attached in the guidelines’ appendix.
Additionally, a clarification note was issued by Labuan FSA on 13 March 2015, which further clarifies several requirements and provides for a transitional period for existing work permit holders, among others.
With the issuance of the revised guidelines, the following policy documents have been superseded:
- Circular on Applications for Work Permit for Expatriates Working in Labuan Companies issued on 2 June 2010 (Circular No. 109/2010/ALTC)
- Circular on Applications for Work Permit for Expatriates Working in Labuan Companies issued on 6 July 2011 (Circular No. 124/2011/ALTC)
- Guidelines on Work Permit Applications in Labuan IBFC issued on 6 July 2011, and
- Circular on Clarification of the Guidelines on Work Permit Application in Labuan IBFC issued on 15 July 2011 (Circular No. 126/2011/ALL)
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