Incorporation and Registration Procedures

The general process of incorporating a Labuan company involves the following:

  1. The applicant must be aware of the legislation of Labuan IBFC, and the powers and duties of a Labuan company and its members under the LCA;
  2. The applicant must appoint a licensed Labuan trust company, which should conduct its own due diligence on the prospective client.
  1. Reservation of company name.

(i)    The client may choose any name, but Labuan FSA has the discretion to reject the name if it is undesirable or
        involves a name that the Registrar is not willing to accept.
(ii)   The name shall contain any word or abbreviation thereof in the national language of any country with an
        accurate and certified rendition of the name in the English language provided.
(iii)   Application fee for reservation of name is RM50.
(iv)   Approval by the Registrar is within 24 hours, and the name will be reserved for a period of three months.
  1. Incorporation of company.

The application for incorporation must be accompanied by the following documents and payments:

(i)   memorandum and articles of the proposed company;
(ii)  statutory declaration of compliance by the trust company;
(iii) consent to act as a director(s);
(iv) each director has to fill up individual form; and
(v)  relevant fees.

For activities that require licensing, prior approval to conduct such business must be obtained before incorporation.
  1. Fees structure

Fees for incorporation:
Amount

 i. Memorandum and Article
RM   100

 ii. Form 6 - Statutory declaration of compliance
nil

 iii. Form 24 - Consent to act as director (per director)

nil

 iv. Paid-up share capital fee:
 
 
Amount

RM50,000 and below
RM 1,000

Exceeds RM 50,000 but less than RM 1 million
RM 2,000

RM1 million and above
RM 5,000
   

Fees for registration:

  

i. Memorandum and Article
RM 200

ii. Form 33 - Statutory declaration by a Labuan trust company as an agent of a foreign company
fee waived until further notice

iii. Registration fee
RM 6,000

iv. Form 25 - Return on Particulars and Changes of Directors and Secretaries
nil

 

  1. 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 company can be approved for incorporation or registration within 24 hours.