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Requirement To Set Up Labuan Company

Update Date:2021-6-30 16:12:19     Source:www.3737580.com     Views:39

Share capital
• In any currencies except Ringgit Malaysia
• Minimum one share with no minimum share par value

Number of directors
• A Labuan company must have at least one director who can act as a resident director

Company secretary
• A Labuan company must have at least one secretary which shall be a Labuan Trust Company

Registered office
• Must have a registered office which shall be the principal office of a Labuan Trust company

Accounting requirements
• Labuan companies are required to submit audited accounts as part of tax filing requirements
• Under the LCA 1990, there are no publicly accessible records

 

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