Labuan Company Business License

Labuan companies incorporated under Labuan Company Act 2010 required some forms of a business license to be eligible to operate its business. The company, depending on the industries and business activities they want to engage in, may need other types of operating licenses. The licenses are required in order to comply with Labuan Financial Services Authority (LFSA) and other local Malaysia agencies regulators. 

There are three (3) major categories of Business licenses for a Labuan Company is as follows:

  1. Company Licence
  2. Industry Licence
  3. Activity Licence

Company License for Labuan Company

Eight (8) basic company licenses applicable to the Labuan company are :

Type of Company License:Issued By:
Company Registration LicenseLFSA
Corporate Tax RegistrationInland Revenue Board (IRB)
Employer  Income Tax RegistrationInland Revenue Board (IRB)
Employees Provident Fund (for local employees)Employee Provident Fund
Social Security Organisation (for local employees)Perkeso (Socso)
Business Premise License (for own rented office)Local Town Council
Signboard License (for own rented office)Local Town Council
Human Resources Development (for more than 10 local employees)Human Resources Board

Some of the above business licenses also apply to other Labuan entities such as Labuan Limited Liability Partnership (LLP), Labuan Partnership (LP)

Industry Licence for Labuan Company

Industry licenses are licenses unique to a particular industry or sector which Labuan Company operates in as the main business nature. Labuan company can be 100% foreign-owned eligible to apply for all types of industry licenses issued by Labuan Financial Services Authority (LFSA) as long as the candidates are eligible and able to fulfill the application requirements.

Examples of Labuan Industry licenses are:

Industry Category:License Issued by LFSA:
Labuan  BankingCommercial Bank License; Investment Banking License
Labuan InsuranceRe-insurance, general insurance, insurance manager, underwriter, and broker license
Labuan Money BrokerForex License
Labuan Commodity TradingGIFT License
Labuan SecuritiesSecurities License
Labuan Fund ManagementFund Management License
Labuan FactoringFactoring License
Labuan ShippingShipping License
Labuan LeasingLeasing License
Labuan Credit TokenCredit Token License
Labuan Company ManagementCompany Management License

Activity Licence for Labuan Company

Activity licenses are licenses that regulate activities of the Labuan Company that may hit a certain threshold, additional requirements to your Industry License or Business License to comply. The type of activity license issued to the company by various authorities in Malaysia depends on the activities relate to.

Examples of Labuan Activity Licences are:

Interested to set up a Labuan company? Feel free to send us your inquiry if you keen to start up a business in Malaysia, we will advise the best for you to minimize your risk!

Name

Email

Nationality

Product/Services You Intend to Sell

Target Market
Malaysia OnlyWorldwide

Capital Amount

Company Structure (present or intended)
100% Foreign-OwnedJoint-Venture with Malaysian

Do You Intend to Set Up Physical Office/Shop in Malaysia?
YesNo

Do You or Your company Require Expatriate Visas?
YesNo

Other Info You Need Us To Know

My contact number in Malaysia:

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