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Company Types in Labuan

Updated on Tuesday 26th June 2018

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Company-Types-in-Labuan.jpgThe Federal Territory of Labuan is a Malaysian offshore jurisdiction that offers a wide range of business opportunities in all prolific industries. A simple company formation process and a beneficial tax structure are among the advantages of foreign investors in Labuan who can set up different types of companies, in respect with the Labuan Companies Act 1990 (LCA 1990). Our company formation agents in Labuan can provide you with complete assistance in matters of company incorporation in Labuan for any type of structure.
 

What types of companies can I register in Labuan?

 
Foreigners can set up the following types of businesses in Labuan:
  • international companies in Labuan (IBC), 
  • Labuan trust companies, 
  • Labuan limited partnerships, 
  • Labuan Islamic partnerships, 
  • Labuan limited liability partnerships, 
  • Labuan trusts.
 
 
Labuan companies are registered under the rules of LCA 1990 and must carry the operations in compliance with this important set of laws.
 

How can I set up an IBC in Labuan?

 
A Labuan international company or IBC as it is known is a popular business structure for investors from abroad. This type of company can be registered under the rules of Labuan International Business and Financial Center by at least one shareholder and a minimum share capital of $1. Being offshore companies, these can be wholly foreign-owned, they are subject to several tax benefits and they can operate on the market without licensing requirements. IBCs in Labuan are usually met in the financial sector.
 

How do I open a limited partnership in Labuan?

 
A limited partnership in Labuan (LP) can be registered by at least two members, one general and one limited, each one of them with particular liabilities in the firm. Among the documents and conditions imposed for registering an LP in Labuan, we mention the following:
 
  • •    the partnerships’ name needs to comprise the letters LP and the end of it;
  • •    a Labuan trust company needs to be appointed for registering an LP in this jurisdiction;
  • •    a partnership agreement needs to be provided at the time of company incorporation for an LP in Labuan;
  • •    the registration fee for a limited partnership in Labuan is approximately RM1,000 or $300.
 

Information about Labuan trust companies

 
Labuan trust companies can be formed in compliance with the rules of Labuan Financial Services Authority (LFSA) and no need for capital. The liabilities of trustees in such company are mentioned in a trust deed, the important document which stands at the base of a Labuan trust company formation. We remind that Labuan trust companies can perform fiduciary services, can act as agents for business administration, can offer asset management services on request and can legally take care of a firms’ duties among many others. 
 

The advantages of offshore companies in Labuan

 
Business persons from overseas have numerous reasons to consider when setting up offshore companies in Labuan. For instance, such entity is incorporated in approximately one working day, it is exempt from taxation, there is no need for bookkeeping and related matters, and audits are not imposed. Each offshore company in Labuan is registered with the Articles of Association and the Certificate of Good Standing.
 
Our team of company incorporation agents in Labuan can help foreigners register their businesses in a fast and reliable manner, so please do not hesitate to contact us at any time.
 
 

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