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Company Formation Labuan

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Trade Register in Labuan

Updated on Thursday 21st June 2018

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Trade-Register-in-Labuan.jpgCompanies in Malaysia are incorporated in agreement with the Companies Act 1965 and with the approval of the Companies Commission of Malaysia. This is also available for foreigners who want to set up a company in Labuan, as the incorporation process starts with the Trade Register and the local offices. For a smooth incorporation process, regardless of the type of business you wish to register, we recommend you talk to one of our company formation agents in Labuan. Our team can guide entrepreneurs to register a Labuan trust company.
 

How do I register a company in Labuan?

 
All companies in Labuan can be registered once the approval of IBFC (International Business and Financial Center) in Malaysia is granted. The incorporation procedure starts with the Trade Register in Labuan and the requirements imposed by this important institution. Foreign investors can set up companies in Labuan in compliance with the applicable legislative framework and in respect to the following conditions:
 
  • local and foreigners must comply with the Labuan Companies Act 1965 when forming a business;
  • the operations can be carried out from or through Labuan, depending on the scope of the business;
  • for financial activities, a specific license is necessary at the time of incorporation and this is issued by the Labuan Financial Services and Securities Act 2010;
  • the transactions in Labuan need to be made in the local currency and that is the Malaysian Ringgit.
 

What are the documents for company formation with the Trader Register in Labuan?

 
Among the documents necessary for company registration in Labuan as a foreign investor we mention the Articles of Association, the statutory declaration of compliance, specific forms offered by the Trade Register to the managers of the firm and the consent to perform activities as directors of the company in Labuan. Also, the business license is necessary if your firm will perform certain activities, for example, in the banking sector. Our team of company incorporation in Labuan is at your disposal with assistance throughout the entire registration process of your business in Labuan.
 

When do I receive the approval for my company in Labuan?

 
The Trade Register in Labuan, alongside with the institutions in charge of granting the approval for business in this offshore jurisdiction can accept the incorporation documents within one working day, meaning that the company is registered for business.
 

Company verification with the Trade Register in Labuan

 
Entrepreneurs and natural persons in Labuan have the possibility of verifying a particular company with the Trade Register in Labuan. The registration number or the name of the business is usually necessary for a company verification with this institution. The reasons why a verification is sometimes suggested is to find out information about a specific company, details about its shareholders, liabilities, debts, minimum share capital, date of incorporation, etc.
 
We invite you to contact our team of company formation specialists in Labuan for a proper understanding of how companies are incorporated with the Trade Register in Labuan.
 
 

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