Services: Characteristics Of A Labuan Company

Labuan Offshore Companies

Characteristics of a Labuan Company:

  • It must have at least one director

  • It must have a resident secretary

  • There is no minimum capital and no authorized share capital requirements

  • The shares issued shall have no par or nominal value

  • Treasury shares are allowed

  • It may issue shares of different classes and of different rights, but no bearer shares are allowed

  • Amalgamation by merging two or more companies into one is allowed

  • It is a requirement to have a registered office in Labuan which is the office of the resident secretary

  • No person may divulge to others any information concerning the shareholding, management and any business, financial or other transactions of a Labuan company
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