Month: August 2020

LABUAN INSURANCE AND INSURANCE RELATED BUSINESS

Labuan Insurance Business Labuan insurance business means insurance business that is transacted in foreign currency and includes life, general, reinsurance and captive insurance but does not include domestic insurance business. Labuan insurance business may carry on reinsurance of domestic insurance business, in Malaysian currency and such other business as specified by Labuan FSA. The activities …

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LABUAN BANKS

Labuan Full Fledge Bank Labuan banking business is the business of receiving deposits on current account, deposit account, savings account or any other account as may be specified including the Labuan investment banking business, Labuan financial business, Labuan Islamic banking business, or such other business as Labuan FSA may specify, with the approval of the Minister of …

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LABUAN COMPANIES

A Labuan Company: May be a company limited by shares or by guarantee or an unlimited company. May participate in business activities and enjoy attractive tax benefits provided under the Labuan Business Activity Tax Act 1990 (LBATA). May carry out any business that is lawful in Malaysia in, from or through Labuan. Would need to …

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