Digital Financial Services

Labuan IBFC continues to provide a fit-for-digital business structures to facilitate various digital financial-related business (DFS) in the Centre.

These include digital-banking, insurtech business to digital intermediaries such as Robo-advisors, digital asset exchanges, crypto trading platforms, blockchain tokens as well as e-payment systems. Labuan entities are required to obtain Labuan FSA’s prior approval before undertaking proposed DFS-related activities.

Among others, in view of the virtual and non-face-to-face contact of DFS businesses, regulatory emphasis will be on the compliance to the AML/CFT and market conduct requirements. This is critical to ensure that all DFS activities in the Centre is not used to front any money laundering or terrorism financing schemes; whilst promoting professional and transparent services in dealings with clients.
Application

Applicants are welcome to engage with Labuan FSA to discuss your potential business propositions prior to submitting any applications. This would enable us to facilitate the proposed DFS activity and advise you on the relevant regulations depending on the nature of the business proposal.

key highlights

  • Out of the total DFS providers, majority were licensed to provide digital currency trading platform, credit token business, and e-payment system

Fees & Client Charter

Annual fee needs to be paid upon the grant of licence. The subsequent payment of annual fee is payable not later than 15 January of each year.

List of Labuan Digital Financial Service Providers

  • A - F
  • B - E
  • A - F

    • Alpha Data Ltd
    • Asia Digital Bank Ltd. (Labuan Investment Bank)
    • Axinan Labuan Limited
    • Belfrics International Limited
    • CFX Prime Clearing Corporation
    • China Construction Bank Corporation, Labuan Branch
    • Crea8 Capital Incorproted
    • Deriv (FX) Ltd. ((formerly known as Binary (FX) Ltd.)
    • Europe-Asia Investment Bank Limited
    • Farringdon Asset Management Ltd
    • FTAG ASSET MANAGEMENT LTD. (Formely known as GCX Financial Group Ltd.)
    • FTAG CAPITAL MARKETS LTD. (Formely known as GCOX Ltd.)
    • Fusang Exchange Ltd

  • B - E

    • Genesis Investment (L) Limited
    • Hirose Financial MY Limited
    • HWGG Capital P.L.C
    • Infinito DAX Pte Ltd
    • Ledger Technologies Limited
    • MPV Capitals Ltd
    • Neurogine Capital (L) Ltd
    • Neurogine MPEX (L) Ltd
    • Select Investment Company Limited
    • SPG Corporation Ltd 
    • Suite Dynamic Financial Ltd

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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Get in touch
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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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