Q: Can a Malaysian register a Labuan Company?

A: Yes. Any Malaysian or non-Malaysian can incorporate a Labuan Company.

Q: Can a non-Malaysian register a Labuan Company?

A: Yes. Any Malaysian or non-Malaysian can incorporate a Labuan Company.

Q: Do I need to be physically present in Labuan to register a Labuan Company?

A: No. You don’t have to.

Q: What is the tax rate for a Labuan Company?

A: A Labuan Company can elect to pay either 3% of audited net profits or a fixed amount of MYR20000.

Q: What tax rate does an investment holding company need to pay?

A: There is no tax for this kind of business activities in Labuan.

Q: Who can be the director and shareholder of a Labuan Company?

A: Labuan unique company policy allows an individual or a corporate entity become the director or shareholder of a Labuan Company.

Q: What are the minimum number of director and shareholder requirement when registering a Labuan Company?

A: Only one director and one shareholder is required.

Q: Can the director and shareholder be the same person or same corporate entity?

A: Yes. The director and shareholder can be the same person or same corporate entity.

Q: Do Multi Trust Ltd provide nominee director or nominee shareholder services?

A: Yes. Multi Trust Ltd do provide nominee director or nominee shareholder services.

Q: Can a Labuan Company apply for work permit/visa for its director?

A: Yes. A Labuan Company can apply for work permit/visa for its director

Q: Can a Labuan Company conduct business with Malaysian Residents?

A: No. A Labuan Company can only conduct business with Non-Malaysian Residents.

Q: Can a Labuan Company Transact in United State Dollar (USD)?

A: Yes. A Labuan Company can transact in any currency except Malaysian Ringgit (MYR). MYR is only allowed for defraying administrative expenses, and making permitted investments in Malaysian securities. Certain licensed entities are permitted to deal in MYR subject to their licence conditions

Q: Can a Labuan Company Transact in Malaysian Ringgit (MYR)?

A: No. A Labuan Company can transact in any currency except Malaysian Ringgit (MYR). MYR is only allowed for defraying administrative expenses, and making permitted investments in Malaysian securities. Certain licensed entities are permitted to deal in MYR subject to their licence conditions

Q: How to register a Labuan Company?

A: A licensed Labuan Trust Company like Multi Trust Ltd can assist in registering a Labuan Company in Labuan

Q: Do I need to contact Labuan FSA or Labuan IBFC when registering a Labuan Company?

A: No. You don’t have to do that. Multi Trust Ltd will assist in the entire registration process.

Q: Will the information of a Labuan Company including its directors and shareholders made available to public?

A: No. All details will be strictly kept confidential by the licensed trust company, Multi Trust Ltd. All Information are not made available to public.

Q: How long it takes to register a Labuan Company?

A: 3 working days upon receiving full documentation for registration by the licensed trust company, Multi Trust Ltd.

Q: What is the minimum capital requirement for a Labuan Company?

A: USD1.00. However, higher capital requirement is required for Labuan license entities depending on the type of license.

Q: Can a Labuan Company open Bank Account in Labuan?

A: Yes. A Labuan Company can open Bank Account in Labuan. Multi Trust Ltd will assist in the entire bank account opening process.

Q: Can a Labuan Company open Bank Account outside Labuan, for instance, Singapore or Hong Kong?

A: Yes. A Labuan Company can open Bank Account outside Labuan. Multi Trust Ltd will assist in arranging the bank account opening.

Q: Does a Labuan Company need to file Annual Return?

A: Yes. Annual returns must be filed not later than 30 days prior to the anniversary of the date of incorporation of the Labuan Company.

Q: Must financial statements of a Labuan Company be audited?

A: Not necessary, unless the Labuan Company elect to pay 3% tax. However, it is required by law to audit the financial statement of a Labuan licensed entity in Labuan.

Q: How to apply for a Labuan License in Labuan?

A: A licensed Labuan Trust Company like Multi Trust Ltd can assist in applying a Labuan license in Labuan