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Company data sheet

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Labuan Corporate Data Sheet - Summary

Type of company

Off. Trading/Non-trading

Common or civil law jurisdictions

Common

Shelf company availability

NO

L&C’s time to incorporate

2-3 days

Min. annual duty or franchise fee

App. US$500.00

Annual return filling fee

NIL

Taxation

3% or app. US$6700.00

Disclosure of beneficial ownership

NO

Bearer shares

NO

Standard minimum paid up capital

1 no par value shares

Standard authorised share capital

Authorised to issue up to 13,000 no par value shares

Permitted currency of capital

Any currency save RM

Minimum number of shareholders

ONE

Minimum numbers of directors

ONE

Corporate directors

YES

Local directors

NO

Company secretary

YES

Company seal

YES

Public record of directors

NO

Public record of shareholders

NO

Location of directors meeting

Anywhere

Location of shareholders meeting

Anywhere

Telephone board meeting

YES

Double taxation treaty access

YES

Requirement to file account

Trading YES/Non-trading NO

Requirement to prepare account

YES

Requirement to file annual return

YES

Change in domicile

YES

Local registered address

YES

 
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