| Private Fund Private fund means a mutual fund:- - whose securities are owned or held by:
- Not more than 50 investors where the first time investment of each of such investors is not less than RM250,000 or such other sum as may be prescribed by Labuan FSA or the equivalent in any foreign currency; or
- Any number of investors where the first time investment of each of such investors is not less than RM500,000 or such other sum as may be prescribed by Labuan FSA or the equivalent in any foreign currency; or
- which is designated as a private fund under regulations made under the Labuan Financial Services and Securities Act 2010.
Islamic private funds are private funds with similar definition of the above and are in compliance with Shariah principles. Notification Requirements A private fund can carry on its affairs by giving notice in writing of its scope and nature of business to Labuan FSA. The notification shall be accompanied with an information memorandum or such other offering document and should be lodged through a Labuan licensed entity. The information memorandum or such other offering document will be deemed as a prospectus and a lodgment fee of RM2,000 / USD600 is applicable. Governing Legislation Labuan Financial Services and Securities Act 2010
Labuan Islamic Financial Services and Securities Act 2010
Labuan Companies Act 1990
Labuan Business Activity Tax Act 1990
Labuan Limited Partnerships and Labuan Limited Liability Partnerships Act 2010
Labuan Foundations Act 2010 For a complete list of all Labuan laws, please click here | 
