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Labuan company help: answers by topic

10 answers for owners and founders of a Labuan company, from ordering to banking, annual compliance and what happens after incorporation. General information, not legal or tax advice: your specialist confirms how it applies to you.

Start in LabuanLabuan company formation

Getting started

Do my documents need to be certified for a Labuan company?

Usually yes. The Labuan trust company that files your company runs its own checks and normally asks for passport and address copies certified by a lawyer, notary or accountant. Malaysia is not a party to the Apostille Convention, so where documents from abroad must be legalised, we tell you which route the trust company accepts before you start.

Certification and apostilleSource: Status table: Apostille Convention, Hague Conference on Private International Law (HCCH) (accessed Sep 2026)

Pricing & payment

Why does a Labuan company cost more than an offshore company?

Three things add cost: every Labuan company must be formed and run through a licensed Labuan trust company, trading companies need audited accounts for their tax return, and the low tax rate depends on staff and spending in Labuan. The package price covers the first; audit and substance are quoted separately once we know your activity.

See every package and priceSource: Labuan Business Activity Tax (Requirements for Labuan Business Activity) Regulations 2021, Attorney General's Chambers of Malaysia, via Labuan FSA (accessed Sep 2026)

Banking

Does my Labuan company have to bank in Labuan?

No. It can apply to banks in Labuan, elsewhere in Malaysia where their rules allow, or abroad, and to licensed payment institutions. The best choice depends on where your customers pay from and in which currency. We introduce suitable options and prepare the application; the bank decides.

Business account support

What should I prepare for a Labuan bank application?

The certificate and constitution, the ownership chart down to each individual owner, a short business plan, and proof of your Labuan substance, such as a staff contract or office agreement. Contracts or letters of intent with your main counterparties help. A clear link between the company, its Labuan presence and its money flows is what banks look for.

Business account support

Compliance

What happens if my Labuan company does not meet the substance test in a year?

It risks losing the 3% or 0% Labuan rate for that year and being taxed at a higher rate, and Labuan FSA may take action (confirm with your specialist). Check staff numbers and Labuan spending a few months before year-end, while there is still time to fix a gap. We review the figures with you each year before the tax return.

Accounting and auditSource: Labuan companies: frequently asked questions, Labuan Financial Services Authority (Labuan FSA) (accessed Sep 2026)

After incorporation

How do I change the directors of my Labuan company?

The board passes a resolution, the new director passes KYC with us and the trust company, and the change is lodged with Labuan FSA within the period set by the Labuan Companies Act (confirm the deadline with your specialist). Keep one director in office at all times. We prepare the documents and coordinate the filing.

Corporate changesSource: Labuan Companies Act 1990 (Act 441), updated version, Labuan Financial Services Authority (Labuan FSA) (accessed Sep 2026)

What if the annual Labuan FSA fee is paid late?

Late payment brings a penalty, and a company that stays unpaid can be struck off the register. Labuan FSA revised its fee structure from 1 January 2026, so check the current amount on your renewal invoice. We invoice ahead of your anniversary and pay the fee through the trust company.

Company renewalSource: Revised fees schedule, Labuan Financial Services Authority (Labuan FSA) (accessed Sep 2026)

Can’t find it? Ask a Labuan specialist, reply within 1 business day.

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