Partnerships - Labuan Structures

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.

The Labuan LP is a taxable entity under the Labuan Business Activity Tax Act 1990 and can avail itself to the tax exemptions similar to other Labuan Entities, subject to satisfying the conditions.

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.

Advantages of Labuan Partnerships

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

View list of Labuan Partnerships

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 (Amendment) Act 2022 (Act A1655) (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
USD300
Certificate of Registration
USD15
Annual Fee (on or before the anniversary date of registration)
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 under the Labuan Business Activity Tax Act 1990 and can avail itself to the tax exemptions similar to other Labuan Entities, subject to satisfying the conditions.

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 (Amendment) Act 2022 (Act A1655) (LIFSSA)

Section 131(2) of the Labuan Islamic Financial Services and Securities (Amendment) Act 2022 (Act A1655) (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
USD300
Certificate of Registration
USD15
Annual Fee (on or before the anniversary date of registration)
USD300

List of Labuan Partnerships

For the latest list of Labuan Partnerships, click here.
This list was updated on 3 March 2025 and does not reflect real-time data.

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List of Labuan Partnerships

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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

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Q - Z

Go to FAQs

List of Labuan Partnerships

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Others

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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.