Global Business Services in Labuan

Labuan corporate secretarial services

Foreign investors and Malaysians can choose from a number of legal structures for their company formations, which includes companies, protected cell companies, limited and limited liability partnerships, and branches.

TMF Group Labuan’s corporate secretarial services are designed to help you remain compliant across all areas of your business. We can handle everything to the highest standards of compliance, so that you can focus on growing and managing your business.

Our local Labuan team can assist with:

  • Legal entity incorporations
  • Provision of local directors, shareholders and company secretary
  • Group reorganisations, secondments and interim resources
  • Local registered offices
  • Serviced office
  • Licence application with local regulators
  • SPV administration support
  • Liquidation
  • Tax compliance
  • Process agent services

Labuan fund administration services

The TMF Group Labuan office is well-equipped and experienced when it comes to handling private and mutual funds. Our services cover everything from launch support to regulatory compliance.

Our services include:

  • Fund launch support
  • Fund accounting and valuation
  • Investor relations – registrar and transfer agent
  • Custody and treasury services
  • SPV administration
  • Regulatory compliance

Labuan HR and payroll administrative services

As a federal territory of Malaysia, Labuan is governed by the Employment Act of 1955. This regulates key employment-related issues such as wages, work hours, holidays, rest periods and termination of employment.

All Labuan companies need to be managed by a Board of Directors with at least one member and they are required to appoint a secretary who is a resident of Labuan. The secretary can be a Trust Officer of a Trust Company, Labuan Company or Malaysian domestic company which is wholly-owned by a Labuan trust company.

Our local Labuan team can assist you with these human resource requirements and provide payroll administrative services to help ensure your compliance with local laws and governmental policies.

TMF Group Labuan’s HR and payroll services include:

  • The calculation and payment of payroll
  • Implementation of HR policies and terms into local contracts and procedures
  • Employment contract preparation and execution
  • Facilitation of relocation requirements including work permits, employment passes, dependent passes, visit passes and permanent resident status
  • Cancellation of employment and/or dependent passes
  • Implementation of benefit programs in compliance with local laws

Labuan accounting and reporting services

When it comes to accounting and reporting, Labuan’s systems are relatively straightforward, but they do demand attention to detail and compliance. Our accounting and reporting services cover the following areas to help ensure the needs of your business are met:

  • Bookkeeping
  • Payment processing
  • Credit control
  • Local statutory reporting
  • Management reporting IFRS and GAAP
  • Consolidated accounts preparation and reporting
  • Trade support services

Treasury and bank account management services

TMF Group Labuan can handle all of your bank account management services.

  • Opening an account
  • Remittance and fund transfers
  • Bank administration tasks
  • Cash management
  • Cash reporting
  • System administration
  • Provision of cheque signatories for our clients’ bank accounts and liaising with relevant parties when necessary

Speak to our experts today

Get in touch to find out how our experts can help grow your business. If you need any more information, or simply wish to ask a question, feel free to get in touch.

Make an enquiry