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Fact Sheet - Labuan Company v1

The document discusses the governing law and requirements for Labuan companies. A Labuan company is governed by the Labuan Companies Act of 1990 and can be a private limited company, public limited company, or unlimited company. A Labuan company must have at least one director and shareholder who can be an individual or corporation and must appoint a resident secretary. Labuan companies enjoy attractive tax exemptions and incentives with taxation of only 3% of net profits or a 20,000 MYR minimum.

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Shahrani Kassim
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128 views2 pages

Fact Sheet - Labuan Company v1

The document discusses the governing law and requirements for Labuan companies. A Labuan company is governed by the Labuan Companies Act of 1990 and can be a private limited company, public limited company, or unlimited company. A Labuan company must have at least one director and shareholder who can be an individual or corporation and must appoint a resident secretary. Labuan companies enjoy attractive tax exemptions and incentives with taxation of only 3% of net profits or a 20,000 MYR minimum.

Uploaded by

Shahrani Kassim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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LABUAN COMPANY

A L ab u an c o mp an y i s g o ve rn e d b y t he L ab u an Co mp an i e s A c t , 1990. T he A c t p ro v i de s f o r
THE
t h e i n c o rp o rat i o n , re g i s t rat i o n an d ad mi n i s t rati o n o f a L ab u an Co mp an y , a f o re i g n
GOVERNING L ab u an Co mp an y an d a f o re i g n c o mp an y.
LAW

 A c o mp an y l i mit e d b y s h are s ;
TYPES OF A  A c o mp an y l i mit e d b y g u aran t e e ; o r
LABUAN  A n u n l i mit e d c o mp an y
COMPANY

ABOUT LABUAN T he L a bua n C om pa ny sha ll ha v e the wor d C or por a tion, L im ite d,


C o mp an y N am e Inc or por a te d, Public L im ite d C om pa ny , S oc ie te A nony m e ,
COMPANY
A ktie ng e se l lsc ha f t, N a a m loz e Ve nnoo tsc ha p, Pe r s e r oa n
T e r ba ta s or the a bbr e v ia tion of “ C or p” , “ L td” , “ Inc ” , “ P. L . C ” ,
“ S .A ” , “ A .G” , “ N .V” or “ P.T” a s pa r t of its na m e .
A L ab u an Co mp an y may b e a c o mp an y l i mit e d by s h are s , a
Ty p e o f a L a bu an c o mp an y l i mi t e d b y g u aran te e , o r an u nl i mi t ed c o mpan y.
C o mp an y
A mi n i mu m of o n e ( 1) , who may b e a re s i d e nt o r no n - re s i d e nt ,
D i r e c to r an d c an b e i n d i vi d u al o r c o rp o rat i o n . On l y o ff i c e r o f a L ab u an
T ru s t Co mp an y ap p ro ve d b y t h e au t h o ri t y, o r a d o me s t i c
c o mp an y o r a L ab u an c o mp an y wh ol l y o wn e d b y a Lab u an T ru s t
Co mp an y, s h al l ac t as a R es i d e nt Di re c t o r of a L abu an Co mp an y.
A mi n i mu m o f o ne ( 1) , wh o may b e a re s i d e nt o r n o n - re s i d e nt
S h ar eh ol d e r s h are h o l d e r, an d c an be i n di vi d u al o r c o rp o rat i o n .
E ve ry L ab u an Co mp an y s h al l a p p o i n t on e o r mo re s e c re t ari e s ,
R e si d e n t S e c r e t ar y may b e a c o rp o rat i o n , o f wh i c h at l e as t o n e o f wh om s h al l b e a
R e s i d en t Se c re t ary. N o p e rs on o t h e r t h an an of f i c e r o f a L ab u an
T ru s t Co mp an y ap p ro ve d b y t h e au t h o ri t y, o r a d o me s t i c
c o mp an y o r a L ab u an c o mp an y wh ol l y o wn e d b y a Lab u an T ru s t
Co mp an y, mad e avai l ab l e f o r t h e ap p o i n t me n t s hal l ac t as a
R e s i d en t Se c re t ary o f a L ab u an Co mp an y.
T h e re g i s te re d o f f i ce s h al l b e t h e p ri n ci p al o f fi c e o f a L ab u an
R e g i st e r e d Offi c e T ru s t Co mp an y.
Mi n i mu m p ai d - u p c ap i t al f o r re g i s t rat io n o f a L ab u an Co mp an y
Pai d - u p C ap i t al & i s USD1. 00. H o we ve r, s h are s o f a L ab u an Co mp an y sh al l h av e n o
A u t ho ri se d C ap i t al p ar val u e o r n o mi n al val u e , an d f u rt h e r t h e re i s n o c o n c e p t o f
A u t h o ri s e d Cap i t al f o r a L ab u an Co mp an y.

A L ab u an Co mp an y e n j o y ve ry at t rac t i ve t ax e xe mp t i o n s an d i n c e n t i ves . Y o u r c o mp an y
TAXATION
are ac c o rd e d w i t h p re fe re n t i al t ax t re at me n t an d s ub j e c t t o N IL or LO W IN C O ME T A X i . e
3% o f ne t au di t e d p ro f it o r MY R 20,000. 00 d e p e n d ing o n t h e t yp e of ac ti vi t y c on d u c t e d
i n L ab u an .

This document is intended as general information only and is not intended as tax, legal, investment or other professional advise. You should
always obtain independent professional advise particular to your individual circumstances. The information in this document is based on
sources considered reliable at the time, but no representation is made regarding its completeness or accuracy and no obligation is undertaken
whatsoever to update it for any changes of law or interpretation
OPERATIONAL A Labuan Company may be incorporated for any lawful purpose and subject to
REQUIREMENT Permitted Purpose any other written laws on financial services applicable to Labuan, shall carry out
business only in, from, or through Labuan.
No Labuan company shall carry on business in ringgit except for defraying its
NO Dealing with Ringgit administrative expenses and statutory expenses, permitted under the Labuan
Malaysia Financial Services and Securities Act 2010 or the Labuan Islamic Financial Services
and Securities Act 2010, holding of investments in Malaysian domestic company,
holding of debt obligations by a Labuan Company or a foreign Labuan Company,
and for a payment in relation to its professional contact with persons specified in
Section (6)(c) of the Labuan Companies Act 1990.
The Labuan Company shall notify the Authority of any transactions between the
Dealing with Resident Labuan Company and the Resident within ten (10) days of such transactions.
The accounting and other records of a Labuan Company shall be kept at the
Accounts to be kept registered office of the company or at such other place in Labuan as the Directors
For more details, please
contact:- think fit and shall at all times be open to inspection by any director and shall be
kept in such manner enable them to be conveniently and properly audited.
No requirement for audit, unless it is license under the Labuan Financial Services
ZRC International No requirement for And Securities Act 2010.
Trust Inc.
(Company NO: LL08018)(License No: Audit
LT0050)
Lot No 2o, Level 1, Lazenda
Commercial Centre, Phase 3, Jalan
OKK Abdullah, 87000 Labuan FT.,
Malaysia
Tel NO: +6087 581022
Fax NO: +6087 581 020
Email Address: [email protected]

For more details, please


contact:-

ZRC International
Trust Inc.
(Company NO: LL08018)(License No:
LT0050)
Lot No 2o, Level 1, Lazenda
Commercial Centre, Phase 3, Jalan
OKK Abdullah, 87000 Labuan FT.,
Malaysia
Tel NO: +6087 581022
Fax NO: +6087 581 020 “Our goal is to provide not just the best but legendary services because we’re
Email Address: [email protected]
committed to Your Success”

This document is intended as general information only and is not intended as tax, legal, investment or other professional advise. You should
always obtain independent professional advise particular to your individual circumstances. The information in this document is based on
sources considered reliable at the time, but no representation is made regarding its completeness or accuracy and no obligation is undertaken
whatsoever to update it for any changes of law or interpretation

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