How to incorporate register a company in Malaysia
1. The overall process of setting up Labuan includes:
Applicants must be aware of the Labuan IBFC legal framework as well as the powers and responsibilities of Labuan and its members under the Labuan Companies Act 1990 (LCA)
2. The applicant must designate a licensed Labuan Trust Partner who will arrange for proper validation of the prospective client.
3. The following requirements apply to the company registration name:
The customer may choose any name, but the Labuan FSA reserves the right to refuse any name that is unnecessary or acceptable.
The name should be abbreviated in the official language of any country, the language of any country or its English, accurate and authenticated.
The booking costs RM50.
The registrar's confirmation will be received within 24 hours and the name will be kept for up to three months
4. The following documents and payments must be attached to the application for the establishment of a company:
Memorandum and Charter of the proposed Partnership
Manager compliance statement
Agreement to Work as a Director
individual plans for each director; and
corresponding payments.
Approval process:
Upon lodgement of complete documentation and payment of fees as well as clearance from the due diligence process conducted by Labuan FSA, a Labuan company can be approved for incorporation or registration within 24 hours.
Also read: Company formation in Malaysia
Applicants must be aware of the Labuan IBFC legal framework as well as the powers and responsibilities of Labuan and its members under the Labuan Companies Act 1990 (LCA)
2. The applicant must designate a licensed Labuan Trust Partner who will arrange for proper validation of the prospective client.
3. The following requirements apply to the company registration name:
The customer may choose any name, but the Labuan FSA reserves the right to refuse any name that is unnecessary or acceptable.
The name should be abbreviated in the official language of any country, the language of any country or its English, accurate and authenticated.
The booking costs RM50.
The registrar's confirmation will be received within 24 hours and the name will be kept for up to three months
4. The following documents and payments must be attached to the application for the establishment of a company:
Memorandum and Charter of the proposed Partnership
Manager compliance statement
Agreement to Work as a Director
individual plans for each director; and
corresponding payments.
Approval process:
Upon lodgement of complete documentation and payment of fees as well as clearance from the due diligence process conducted by Labuan FSA, a Labuan company can be approved for incorporation or registration within 24 hours.
Also read: Company formation in Malaysia
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