Basic Features of Labuan Company
- Labuan Offshore Company is available within 3 working days
- No requirement of authorize capital and no nominal value of shares
- Shareholders may either be individual or corporate
- Share capital can be in any currency other than Ringgit Malaysia
- There must be at least one director, which can either be corporate or individual.
- The Director may be a non resident or resident of Malaysia. The LC may appoint an officer of a trust company to be a nominee resident of the Labuan Offshore Company.
- Use of words "Limited, Corp, Pty Ltd, Bhd in the name (details as specified in the Labuan Companies Act 1990)
- The LC must have a resident Company Secretary either individual or corporate which shall be appointed from the Trust Company.
- The LC registered address is the address of the Trust Company.
- A members meeting shall be held to receive accounts (either audited or unaudited) not more than 9 months from the date of closing the accounts.
- Annual Return must be filed within 30 days before the date of the Company’s anniversary date of incorporation.
- Annual Fee is payable on the anniversary date of incorporation to renew the registration of the Company for another 12 months.
- Meetings can be held anywhere or by proxy
- Preservation of confidentiality
- Not subjected to the Malaysian exchange controls