Labuan IBFC License

About that Country :

Labuan is an island and a Federal territory of Malaysia. It is located in the South China Sea at the northwest coast of Borneo, north of Brunei and south of Kota Kinabalu, the capital of the state of Sabah.

For various financial services Labuan Malaysia offers one of the strongest regulatory frameworks and taxes in Labuan are comparatively low (3%).

For starting money broking business in Labuan, it is required to obtain a license from Labuan Financial Service Authority (FSA).

Taxation :

3% of audited profits or fixed price per year MYR 20 000 (based on company’s preference can be chosen on or the other)

Documents Required :

CV

A notarized copy of valid passport

A copy of proof of residential address (ex. utility bill that is not older than 3 months)

Two Professional letters from a notary, lawyer, auditor or similar,

Bank reference

A notarized copy of a University Diploma

For shareholder : 3 months bank statement with enough funds to cover the capital requirements

If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.

Please ensure that notarization is in English language if not then please provide with notarized English translation.