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Labuan Leasing

Labuan leasing means the business of letting or sub-letting property on hire for the purpose of the use of such property by the hirer, regardless whether the letting is with or without an option to purchase the property. Property includes any plant, machinery, equipment or other chattel attached or to be attached to the earth. With the exception to the transportation of passengers or cargo by sea or the letting out on charter of ships on a voyage or time charter basis, Labuan leasing companies are allowed to carry on leasing of ships on a "bareboat" basis.


Protected Cell Companies

A Protected Cell Company (PCC) may be incorporated as a Labuan Company or converted from an existing Labuan Company. A PCC is a limited liability company with a legal entity that has the ability to form 'cells'. The cells of a PCC may comprise:
  • A core for holding non-cell assets or general assets; and
  • Any number of cells with the intention of segregating and protecting the assets of each respective cell.
Neither the core nor the individual cells created are separate legal entities but nonetheless, each cell is legally separated from any other cell and each has sufficient attributes to carry on business independently under the 'umbrella' of the Labuan Protected Cell Company.


Uses of PCC

A PCC has the ability to hold assets or investments divided into a number of classes to cater for the different objectives of different individual investors, while at the same time preserving the independence of each cell.

A Labuan Protected Cell Company can be designed to conduct:
  • Labuan insurance business or Labuan captive insurance business, on such terms provided under the Labuan Financial Services and Securities Act 2010 (LFSSA); and
  • Labuan general takaful business or Labuan captive takaful business, on such terms provided under the Labuan Islamic Financial Services and Securities Act 2010 (LIFSSA); or
  • Business as a mutual fund as defined under part III of the LFSSA; and

Business as an Islamic mutual fund as defined under part IV of the LIFSSA.


Labuan Factoring

Labuan factoring means the business of acquiring debts due to any person or institution at a discount or such other business as approved by the Labuan FSA.
Applicant should meet the following minimum eligibility criteria:
  • A Labuan company incorporated or registered under the Labuan Companies Act 1990;
  • Factoring companies registered under the Banking and Financial Institutions Act 1989;
  • A Special Purpose Vehicle (SPV) set up to facilitate inter-company factoring transactions; and

No adverse report from any reliable sources.


Money Broking

Money broking business is defined as the business of arranging transactions between buyers and sellers in money or foreign exchange markets with brokers acting as an intermediary in consideration of brokerage fees paid or to be paid, but does not include the buying or selling of foreign currencies by the broker as a principal in such markets.
  • Applicant should meet the following minimum eligibility criteria:
  • A licensed domestic money broker;
  • A Labuan company incorporated under the  Labuan Companies Act 1990 (with money broking expertise);
  • Any licensed institutions under the Banking and Financial Institutions Act 1989 with prior approval from Bank Negara Malaysia;
  • Has a good track record of financial performance, at least in the three years preceding the application; and

Committed to setting up a functional operation in Labuan


Credit Token Business

Credit token business means any business where a token, being a cheque, card, voucher, stamps, booklet, coupon, form or other document or thing is given or issued to a person, referred to as "customer", by the person carrying on the business, referred to as "issuer", whereby such issuer undertakes:
  1. That on the production of the token, whether or not some other action is also required, the issuer will supply cash, goods or services on credit; or
  2. That where, on the production of the token to a third party, whether or not any other action is also required, the third party supplies cash, goods or services, the issuer will pay the third party for them, whether or not deducting any discount or commission, in return for payment to be made thereafter to the issuer by the customer.

And for the purposes of this definition, the use of a token to operate a machine provided by the issuer or by a third party shall be regarded as the production of the token to the person providing the machine.


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