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ARTICLE · 10 OCTOBER 2024

Labuan IBFC Sectors & Offerings: FAQs

Labuan company can open foreign accounts with any banks in Labuan or outside Labuan. However, the account name must be the Labuan company name.

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Labuan Companies

1. How to establish a Labuan company in Labuan IBFC?

Labuan company can open foreign accounts with any banks in Labuan or outside Labuan. However, the account name must be the Labuan company name.

2. What is the definition of Labuan of trading and non-trading activities?

Labuan trading activity includes banking, insurance, trading, management, licensing, shipping operations or any other activity which is not a Labuan non-trading activity.

Labuan non-trading activity means an activity relating to the holding of investments in securities, stocks, shares, loans, deposits or any other properties situated in Labuan by a Labuan entity on its own behalf.

3. What is the definition of Labuan business activities?

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