About Labuan company operation
Labuan company operation flow is as follows:-
| ◇ Labuan company renewal flow ◇ | |
| ◇ Annual Renewal | Due: on or before incorp anniversary date |
| ◇ Annual Return | Form 27 (Due: 30-44 calendar days before incorporation anniversary date) |
| ◇ Annual General Meeting | Form 28 (Due: within 9 months from Financial Year End) |
| ◇ Tax Filing | B/S P/L (Due: 31st March every calendar year) *extension time allowed subject to approval from IRB |
| ◇ Annual renewal fee | Licensed companies only need to pay the license fee by January 15 every year. |
| ◇ Audited Financial Statement | Due: within 6 months from FYE *applicable for license entity only |
1. Notification of Annual Renewal (Target to : All clients)
We will confirm whether there is an intention to renew corporate registration in the next fiscal year. We will notify our clients 2 months in advance of the incorporate registration date.
| Deadline | Corporate registration date or earlier |
| Notification time | 2 months before corporate registration date |
| Required documents | N/A |
2. Notification of Annual Return (Target to : All clients)
The annual report (Form 27) will be prepared 10 months after the date of incorporate registration, and will be submitted 11 months later. We will inform our clients about 30 to 44 days in advance, 1 month before the incorporate registration date.
| Deadline | 11 months after the corporate registration date |
| Notification time | 10 months after the corporate registration date |
| Required documents | N/A (Conducted by the company secretary) |
3. Notification of the General Meeting (Target to : All clients)
Annual General Meeting Report (Form 28) must be submitted within 9 months from the end of the fiscal year. We will send you the following 3 documents:-
| Deadline | Within 9 months from the end of the fiscal year | |
| Notification time | Every year around mid-June | |
| Required documents | 1. Form 28 | Director signature required |
| 2. Approval of draft Account | Regardless of the need for Accounting audits or not, director signature is required (Non Trading Company does not need accounting audits) | |
| 3. Adoption of Account | Shareholder signature required | |
4. Notification of tax return (Target to : All clients)
The tax filing deadline is March 31 every year, and it is necessary to submit accounting documents such as the Balance Sheet (B/S) and the Profit Loss statement (P/L). We will notify our clients from January 10 every year.
| Deadline | March 31 every year |
| Notification time | Around January 10 every year |
| Required documents | Accounting documents such as Balance Sheet (B/S) and Profit and Loss statement (P/L) |
* Period extensions are permitted subject to prior approval of the Internal Revenue Board (IRB).
5. Notification of licensed annual renewal cost (Target to : Licensed Labuan Company)
Licensed companies only need to pay for the license fee by January 15 every year. Notifications from our company to clients will be made in the middle of December.
| Deadline | January 15 every year |
| Notification time | Around mid-December |
| Required documents | N/A |
6. Notification of Submission of Audited Financial Statement (Target to : Trading Company)
Audited financial statements need only be submitted by Trading Company. Submission is required within 6 months from the end of the fiscal year.
| Deadline | Within 6 months from the end of the fiscal year |
| Notification time | – |
| Required documents | Email notification only |
Kindly make sure to send the scan data in PDF format, as we will make a final check on the above for complete entries. If there are no problems, kindly courier us and let us know your tracking number.
| ◇ Mailing address ◇ |
| To : Bona Trust Corporation
Kensington Gardens, No. U1317, Lot 7616, Jalan Jumidar Buyong, 87000 Federal Territory of Labuan, Malaysia Tel : +6087 – 599 – 300 |
| ◇ Flow of documents ◇ |
| Client → Bona Trust Corporation (Labuan Trust Company) → Labuan Financial Services Authority |
The following vendors are recommended for courier:-
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FedEx ： |
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DHL ： |
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EMS ： |
Post office EMS, DHL Speedpost is recommended. In addition, although FedEx is slightly expensive, we recommend using this if more importance is attached to reliability. Kindly email us the tracking number after mail processing.