Labuan Limited Partnership
A 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 i.e. one general partner and one limited partner and 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.
Registration Requirements for Labuan Limited Partnership
The general process for registering a limited partnership involves the following:
Documents and Fees
(i) Form 1 – Application for Registration of a Labuan Limited Partnership; and