Labuan Company Incorporation Complete Package
(1) |
Labuan Company Incorporation - Pre- & Post-Incorporation (a) Answer client’s questions in respect of the registration and maintenance of a limited company in Labuan; (b) Advise client on the structure of the proposed Labuan company, such as the amount of registered capital; (c) Perform name availability search and reserve the name if it is available; (b) Preparation of incorporation documents, services agreements and registration forms; (c) Preparation of compliance corporate kit, including corporate stamps, common seal, share certificates, statutory registers and minutes book; (d) Preparation of first board resolutions, register of members, register of directors and issue of share certificate; and (e) Preparation of board resolution to open a bank account (if required). |
(2) |
Corporate Secretarial Service Labuan Companies Act requires all Labuan companies to appoint a Company Secretary which is a Labuan Trust Company to handle on-going statutory compliance matters. Kaizen can provide a resident Company Secretary for your Labuan Company to comply with the requirements. |
(3) |
Registered Office Kaizen will provide a Labuan local address to be used as the registered office for your Labuan company for one year. The registered address shall be the principal office of a Labuan Trust Company. Whenever mails arrive, Kaizen will provide a notification via email and information of sender of the mails will be provided. Unless otherwise instructed, Kaizen will forward mails once a month and a handling fee plus postage will be charged separately. |
(4) |
Labuan Bank Account Kaizen will provide assistance to open a corporate bank account with a local bank in Labuan, including preparation of certified incorporation documents as required by the bank, reviewing of bank account application documents prepared by client and liaison with the bank in respect of the bank account application. Please note that the bank requires at least a director to visit the bank in Labuan personally for the purpose of due diligence. It should also be emphasised that our role is limited to providing assistance and it is the sole discretion of the bank to decide whether to open the bank account or not. We do not assume any reliability should the bank decides not to open the bank account for you. |
(1) |
Please note that the above-mentioned fees included our professional services fee and government fee for incorporation with paid up capital of RM50,000 and below but exclusive of courier charges, if any. For incorporation of company with paid up capital of more than RM50,000, additional registration fee will be charged. |
(2) |
Assuming no license or permit is required. |
(3) |
All our fees quoted also do not include GST or VAT, if applicable. |
|
(1) |
One copy of passport (or copy of NRIC for Malaysia Resident) and a latest proof of residential address (such as utility bill, telephone bill or bank statement) in respect of each director; if director is another corporation, please provide incorporation documents and the identification and address proof in respect of each person holding more than 10% of shares in that corporation; |
(2) |
One copy of passport (or copy of NRIC for Malaysia Resident) and proof of residential address (such as utility bill, telephone bill or bank statement) in respect of each shareholder; if shareholder is another corporation, please provide incorporation documents and the identification and address proof in respect of each person holding more than 10% of shares in that corporation; |
(3) |
A group chart illustrating the chain of interest ownership between the Labuan company and its ultimate beneficiary owner, if the shareholder of the proposed Labuan company is another corporation; |
(4) |
A professional reference letter or banker’s reference or the latest 3 months bank statement of the individual and corporate shareholder; |
(5) |
Nature of business to be carried out by the company; and |
(6) |
A duly completed and signed incorporation order form (to be provided by Kaizen). |
Step |
Description |
Time |
1 |
Client places an order for incorporation with Kaizen and Kaizen issues an invoice to client for payment. |
1 |
2 |
Client delivers materials listed in Section 4 to Kaizen by email or post and arrange payment of service fees at the same time. |
Client’s Schedule |
3 |
Kaizen arranges with client to have the identification and address proof documents of the shareholder and director certified. |
Client’s Schedule |
4 |
Kaizen performs name availability search and reserve the name if available. |
2-3 |
5 |
Kaizen proceeds to prepare incorporation documents and send the documents to client. |
1-2 |
6 |
Client arranges to have the incorporation documents signed by the directors and shareholders and then return the duly signed documents to Kaizen by courier or post or email. |
Client’s Schedule |
7 |
Upon receipt of the original signed incorporation documents and due diligence documents listed in Section 4, Kaizen will then proceed for registration. |
1-2 |
8 |
Kaizen will receive the Certificate of Incorporation and incorporation documents from the LFSA. |
2-3 |
9 |
Kaizen will proceed to place an order for the company stamps, common seal and printing of the Memorandum and Articles of Association (the whole set of documents together is known as company kit). |
2-4 |
10 |
Kaizen will arrange to deliver the Company Kit to your office. The whole registration process is then completed. |
1 |
11 |
Kaizen makes appointment with the bank and arranges client to come to Labuan to open the bank account. |
Client’s Schedule |
(1) |
Certificate of Incorporation; |
(2) |
Four (4) copies of Memorandum and Articles of Association; |
(3) |
Original copy of share certificate(s); |
(4) |
Statutory Registers of the Company; |
(5) |
Company Stamp |