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 |
Labuan banking means the business of receiving deposits on current accounts, deposit accounts, savings accounts, and includes the investment banking business, Labuan financial business, Islamic banking business and such other transactions and terms and conditions as specified by Labuan FSA in any currency including Malaysian Ringgit where permitted by Bank Negara Malaysia.
Investment banking means the business of providing credit facilities and consultancy and advisory services relating to corporate and investment matters, including making investments on behalf of any person. Other activities include undertaking foreign exchange transactions, interest rate swaps, dealings in derivative instruments or derivative financial instruments or any other similar risk management activities.
Islamic banking is defined as a banking business that is in accordance with Shariah principles.
Organisations that meet the following minimum criteria may apply for a Labuan banking licence:
RM10 million or its equivalent in any other currency.