
If you have decided on
business in the tourism field, you might want to take a look at the advantages of this sector in Malaysia and especially in
Labuan, a representative offshore destination. The
incorporation process of a company that activates in the tourism field is the same as for any type of company, meaning that it respects the requirements imposed by the Company Act. The difference is that there are special licenses and permits which need to be observed at the time of
forming your travel agency in Labuan. Our
company formation agents in Labuan are at your disposal with assistance and information if you would like to
set up a business in Labuan, including a
travel agency.
What are the requirements for opening a travel agency in Labuan?
Foreign investors can choose the limited liability company, or the company limited by shares as it is known, for their
travel agency and start the incorporation with the Companies Commission and the local offices in
Labuan. The following information is connected to the
company formation in Labuan, bearing in mind that it has to respect the Companies Act 1995:
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• a name verification and reservation are made with the Companies Commission in Labuan, Malaysia;
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• at least two stockholders are necessary for opening an LLC and their names need to be revealed by the Articles of Association;
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• appointing a company secretary is a must for creating the LLC for your travel agency in Labuan;
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• the board of managers needs to be appointed with at least two directors;
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• a representative for the firm with residency in Labuan is necessary;
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• one must observe the requirements for licenses and permits.
We mention that our team of consultants is at your disposal if you need support for
opening an LLC in Labuan through which you can start the activities as a
travel agency. Moreover, you can talk to us if you are interested in a representative for your
business in Labuan.
What are the necessary licenses and permits for a travel agency?
The Ministry of Tourism and Culture issues the necessary licenses and permits for a travel agency in Malaysia, including in Labuan. It is good to know that a “License to carry on or to operate a tour operating business and travel agency” is mandatory at the time you want to register such type of business. We are at your disposal with complete support in drafting the necessary documents and the applications for licenses and permits in Labuan.
Types of travel agencies you can open in Labuan
Investors looking to thrive in Malaysia’s prolific
tourism sector should decide on the type of activities they want to implement. In
Labuan, they can activate as tour operators that offer
inbound travel packages, with complete focus on foreigners willing to visit Malaysia or
outbound travel services for tourists
looking to travel outside Malaysia’s borders. Such businesses can also be sustained on the internet with the help of a
website that presents the above-mentioned touristic packages.
We invite you to
contact our
team of company incorporation representatives in Labuan and find out information about
how you can open a travel agency in Labuan.