Offshore Company Formation Labuan

Gereral Information about Labuan

Labuan comprises a main island and six other islands located of the coast of East Malaysia. It has a land area of about 92 sq. km. and a population of 76,000. It was formerly a British colony and is now part of the Federation of Malaysia. The largest town and financial centre is Labuan Town. The main language is Bahasa Melayu but English, Tamil and various Chinese dialects are widely spoken.

Labuan Financial Services

In 1989 the Malaysian Government designated Labuan as an offshore financial services centre and in 1990 the Labuan Offshore Companies Act was enacted. An offshore company must employ the services of a licensed trust company and, with limited exceptions, may not engage in business in Labuan. The Labuan Offshore Financial Services was established in 1996 to be the regulatory body for the offshore financial services industry.

Labuan offshore company regulations
Type of entity	Offshore
Type of law	Common
Corporate taxation	Non trading company – nil Trading company – 3% or RM 20,000
Double taxation treaties available	Non trading – No Trading - Yes
Share Capital
Usual currency	U.S.$
Permitted currencies	Any, except RM
Minimum paid up	$1
Usual authorised	$10,000
Directors
Minimum number	1
Local resident required	No
Records publicly available	No
Location of Meetings	Anywhere
Shareholders / Members
Minimum number	1
Records publicly available	No
Location of Meetings	Anywhere
Company Secretary
Required	Yes
Local or qualified	Local
Accounts
Required	Yes
Audit required	Normally yes
Filing required	Normally yes
Publicly available	No
Other
Annual return required	Yes
Change of domicile permitted	Yes

Why not talk to us about forming an offshore company in Labuan? Call +353 1 431 9663 or Click Here to contact us.

Offshore Company Formation Labuan

Share Capital

Directors

Shareholders / Members

Company Secretary

Accounts

Other