Partnerships
Labuan Limited Partnership

A Labuan limited partnership (LP) is a business entity comprising two or more partners who operate or manage a business together.

The minimum number of partners for a Labuan LP is two partners, ie one general partner and one limited partner; the maximum number of partners allowed is fifty partners.

Partners may be a corporation except for firms which are set up for professional practice, in which case it must consist of natural persons only and supplemented with professional indemnity insurance coverage issued by an insurer approved by Labuan FSA.
General Partner

A general partner shall have all the rights and powers and shall be subjected to all the restrictions and liabilities of a partner. Therefore, they have management control; share the right to use partnership property; share the profits of the firm in predefined proportions; and have joint and several liability for the debts of the partnership.
Limited Partner

A limited partner shall contribute capital to the partnership but not participate in the daily operations of the partnership. The limited partner shall not be liable as a general partner unless the limited partner participates in the management of the Labuan LP.

  • Excellent choice for individuals who lack the time or expertise to run a business but who would like to participate in the profits
  • Commonly used for joint venture. Liability for limited partners merely is capital which they invest in the business. They are also personally shielded from the partnership’s debts and other liabilities
  • Limited partners may leave or be replaced without the Labuan Partnership being dissolved
  • Commonly used for private equity fund

  • Registration Requirements
  • Approval Process
  • Documents
  • Fees
  • Registration Requirements
    The general process for registering a Labuan LP involves the following:

    • The applicant must appoint a Labuan trust company for the registration, which would conduct due diligence on the applicant. All documentation required to be submitted to Labuan FSA must be filed through a Labuan trust company.
    • A Labuan LP shall have the words "Limited Partnership", "Ltd.P.", "LP" or "L.P" as part of its name (any other abbreviations in romanised characters or words in the applicant's national language which connotes a limited partnership or any abbreviation may be approved by Labuan FSA).
    • The name may be in foreign characters, alphabets or languages provided that an accurate and certified rendition of the name in the English language is clearly stated on all its documents.
    • The application for registration must be accompanied by the relevant documents and payments.

    Partnership Registration under the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA).


    Section 131(2) of the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA) requires that the applicant appoint a qualified person to act as a Shariah adviser for the partnership. The duties of the Shariah adviser pertain to the management and operations of the Islamic partnership to ensure compliance with Shariah principles.
  • 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 LP can be approved for registration within 24 hours.

  • Documents
    • Form 1 “Application for Registration of a Labuan Limited Partnership”; and
    • Certified copy of the Partnership Agreement.
  • Fees
    Type of fees
    Amount
    Registration Fee
    RM1,000
    USD300
    Certificate of Registration
    RM50
    USD15
    Annual Fee (on or before the anniversary date of registration)
    RM1,000
    USD300
  • Registration Requirements
    The general process for registering a Labuan LP involves the following:

    • The applicant must appoint a Labuan trust company for the registration, which would conduct due diligence on the applicant. All documentation required to be submitted to Labuan FSA must be filed through a Labuan trust company.
    • A Labuan LP shall have the words "Limited Partnership", "Ltd.P.", "LP" or "L.P" as part of its name (any other abbreviations in romanised characters or words in the applicant's national language which connotes a limited partnership or any abbreviation may be approved by Labuan FSA).
    • The name may be in foreign characters, alphabets or languages provided that an accurate and certified rendition of the name in the English language is clearly stated on all its documents.
    • The application for registration must be accompanied by the relevant documents and payments.

    Partnership Registration under the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA).


    Section 131(2) of the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA) requires that the applicant appoint a qualified person to act as a Shariah adviser for the partnership. The duties of the Shariah adviser pertain to the management and operations of the Islamic partnership to ensure compliance with Shariah principles.
  • 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 LP can be approved for registration within 24 hours.

  • Documents
    • Form 1 “Application for Registration of a Labuan Limited Partnership”; and
    • Certified copy of the Partnership Agreement.
  • Fees
    Type of fees
    Amount
    Registration Fee
    RM1,000
    USD300
    Certificate of Registration
    RM50
    USD15
    Annual Fee (on or before the anniversary date of registration)
    RM1,000
    USD300
Labuan Limited Liability Partnership

A Labuan limited liability partnership (LLP) is a business entity comprising two or more partners who operate or manage a business together.

It is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. It is capable of entering into contracts and holding property in its own name.The minimum number of partners for a Labuan LLP is two partners, ie one designated partner and one limited partner. A Labuan LLP is a type of business entity that permits a partner to be shielded from liability for partnership obligations created by the misconduct of another partner or person.

  • It protects members from personal liability, except to the extent of their investment in the Labuan LLP.
  • The Labuan LLP is a taxable entity for income tax purposes. Distributions out of the after-tax profits are tax-exempt in the hands of the partners.
  • Registration Requirements
  • Approval Process
  • Documents
  • Fees
  • Registration Requirements
    The general process for registering a Labuan LLP involves the following:

    • The applicant must appoint a Labuan trust company for the registration, which would conduct due diligence on the applicant. All documentation required to be submitted to Labuan FSA must be filed through a Labuan trust company.
    • A Labuan LLP shall have the words "Labuan Limited Liability Partnership", "(Labuan) L.L.P." or "Labuan LLP" as part of its name (any other abbreviations in romanised characters which connotes a limited liability partnership may be approved by Labuan FSA).
    • The name may be in foreign characters, alphabets or languages provided that an accurate and certified rendition of the name in the English language is clearly stated in all its documents.
    • The application for registration must be accompanied by the relevant documents and payments.

    Partnership Registration under the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA).

    Section 131(2) of the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA) requires that the applicant appoint a qualified person to act as a Shariah adviser for the partnership. The duties of the Shariah adviser pertain to the management and operations of the Islamic partnership to ensure compliance with Shariah principles.
  • 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 LLP can be approved for registration within 24 hours.

  • Documents
    • Form 10 “Application for Registration of a Labuan Limited Liability Partnership”; and
    • Certified copy of the Partnership Agreement.
  • Fees
    Type of fees
    Amount
    Registration Fee
    RM1,000
    USD300
    Certificate of Registration
    RM50
    USD15
    Annual Fee (on or before the anniversary date of registration)
    RM1,000
    USD300
  • Registration Requirements
    The general process for registering a Labuan LLP involves the following:

    • The applicant must appoint a Labuan trust company for the registration, which would conduct due diligence on the applicant. All documentation required to be submitted to Labuan FSA must be filed through a Labuan trust company.
    • A Labuan LLP shall have the words "Labuan Limited Liability Partnership", "(Labuan) L.L.P." or "Labuan LLP" as part of its name (any other abbreviations in romanised characters which connotes a limited liability partnership may be approved by Labuan FSA).
    • The name may be in foreign characters, alphabets or languages provided that an accurate and certified rendition of the name in the English language is clearly stated in all its documents.
    • The application for registration must be accompanied by the relevant documents and payments.

    Partnership Registration under the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA).

    Section 131(2) of the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA) requires that the applicant appoint a qualified person to act as a Shariah adviser for the partnership. The duties of the Shariah adviser pertain to the management and operations of the Islamic partnership to ensure compliance with Shariah principles.
  • 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 LLP can be approved for registration within 24 hours.

  • Documents
    • Form 10 “Application for Registration of a Labuan Limited Liability Partnership”; and
    • Certified copy of the Partnership Agreement.
  • Fees
    Type of fees
    Amount
    Registration Fee
    RM1,000
    USD300
    Certificate of Registration
    RM50
    USD15
    Annual Fee (on or before the anniversary date of registration)
    RM1,000
    USD300
List of Labuan Partnerships

  • A - F
  • G - K
  • L - P
  • Q - Z
  • A - F
    • AREA Industrial Development Fund I L.P.
    • ASIA SECURITY FUND L.P.
    • CIMB National Equity Fund Ltd. P.
    • CONTINUUM CAPITAL II LIMITED PARTNERSHIP
    • Cradle Seed Ventures Fund I L.P.
    • CROWE HORWATH (LABUAN) LLP
    • DATALAB (LABUAN) LLP
  • G - K
    • GOBI MAVCAP ASEAN SUPERSEED FUND, L.P.
    • IB Growth Fund (Labuan) LLP
    • ICD CENTRAL ASIA RENEWABLE ENERGY FUND, L.P.
    • ICD Corporate Premium Fund (Labuan) LLP
    • ICD Money Market Fund (Labuan) LLP.
    • ICD Trade Premium Fund (Labuan) LLP
    • ICD Unit Investment Fund (Labuan) LLP
    • Invictus (Labuan) LLP
    • ISLAMIC INFRASTRUCTURE FUND L.P.
    • KFH Global Sukuk Fund (Labuan) LLP
  • L - P
    • MAM PE ASIA FUND I (LABUAN) LLP
    • MLS Capital Fund II, L.P.
    • MLS Managers (Labuan) LLP
    • MLSCF II (GP) (Labuan), LLP
    • MLSCF Management (Labuan), LLP
    • NAVIS ASIA FUND IV-S, LTD. P.
    • PENNINGTON FUND (LABUAN) LLP
    • PNB-SBI ASEAN GATEWAY FUND LTD. P.
  • Q - Z
    • STRATEGY COORDINATION AND SUPPORT GROUP
    • LIMITED PARTNERSHIP
    • TAEL TIJARI L.P
    • TAP Harimau Fund L.P.
    • THE CASTANEA LIMITED PARTNERSHIP
    • The Chandos Limited Partnership
    • THE CL LIMITED PARTNERSHIP
    • THE EMERALD LIMITED PARTNERSHIP
    • THE LASH LIMITED PARTNERSHIP
    • THE OPAL LIMITED PARTNERSHIP
    • THE PACIFIC PLACE LIMITED PARTNERSHIP
    • THE RIDDICK-AHN LIMITED PARTNERSHIP
    • THE TAN LIMITED PARTNERSHIP
    • The True Master Investment Limited Partnership
    • THE UNITY LIMITED PARTNERSHIP
    • THE WINTEC LIMITED PARTNERSHIP
    • TY TEOH International (Labuan) LLP
    • ZICO (Labuan) LLP
List of Labuan Partnerships

  • A - C
  • D - K
  • L - P
  • Q - Z
  • Others
Search for Labuan Companies

For company search, please click on the link provided : https://www.lfsacoral.gov.my/reefs/
Find Labuan Banks and Investment Banks here
FAQs
  • 1. What is Labuan banking?

    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.

  • 2. What is investment banking?

    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.

  • 3. What is Islamic banking?

    Islamic banking is defined as a banking business that is in accordance with Shariah principles.

  • 4. Who may apply for Labuan banking licence?

    Organisations that meet the following minimum criteria may apply for a Labuan banking licence:

    • Must be a bank or financial institution
    • Possesses a sound track record
    • Accorded a good credit rating by acceptable rating agencies
    • Supervised by a competent regulatory authority; and
    • Conforms to generally accepted standards of international banking practices or the Bank for International Settlements (BIS).

  • 5. What is the minimum working minimum fund for an investment bank?

    RM10 million or its equivalent in any other currency.

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Stay ahead of the game
Access a wealth of information from Labuan IBFC from reports on forward-thinking research to insightful articles.
Get in touch
Interested to setup your business in Labuan? Speak to our dedicated advisors to find out more.
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