The securities and CFDs dealing activities in Labuan are mainly regulated under the Labuan Financial Services and Securities Act, 2010 (“LFSSA”) and Labuan Islamic Financial Services and Securities Act, 2010 (“LIFSSA”) as IBFC and regulated by the LFSA.
Below please find features of this license in more detail:
Feature/Category | Money Broker License |
Type of company required to be eligible | Labuan Company |
Minimum paid-up statutory capital | RM 500,000 to be maintained in a local bank after the approval of license |
Main requirements | • 2 Directors with experience |
Taxation | 3% of audited net profit |
Government/Regulatory Fees | License application fee USD 2,500 |
Timeframe | 3-4 months from the date of submission of a complete application |
GFSC GLOBAL can offer additional services in relation to the license application, which include:
1) Assisting with obtaining a Professional Indemnity Insurance policy;
2) Provision of Executives directors, if needed;
3) Provision of nominee shareholders, if needed;
4) Provide on-going services, such as accounting, audit, bookkeeping, quarterly reporting;
5) Opening additional operational bank accounts (worldwide);
6) Provision of GDPR services & ISO certification services.
"*" indicates required fields