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Valsen Corporate

Labuan Foundation

A Labuan Foundation is a corporate body with a separate legal entity, usually established to hold assets with the objective of managing the assets for the benefit of a class of persons on a contractual basis. A separate legal entity from its managers (i.e. its officers and its council), it is typically used for private wealth management and charitable purposes. In the case of an Islamic Foundation, the foundation’s aims and operations shall be in compliance with Sharia principles.
Key Features

Labuan  Foundation

Corporate Details

General
  • Legal System

Common Law/ Civil Law ( Hybrid)
  • Language

English
  • Time to Establish

1-3 Days
  • Registered Agent and Office

Yes
  • Type of Entity

Foundation
  • Taxation

No

Secretary

  • Requirement

Yes
  • Resident Secretary

Yes

Assets
  • Minimum Requirements

$10,000 initial assets
  • Beneficial Owner

Yes

Founder
  • Minimum No Founders

2
  • Nominee

Yes
  • Qualifications 1

An Individual or Legal Entity
  • Qualification 2

Beneficiary but not a sole Beneficiary

Foundation Council
  • Minimum No of Councillors

2
  • Qualifications 1

Founder may be a Councillor but not the sole Councillor
  • Qualification 2

May be natural persons or legal entities
  • Publicly Accessibility

No

Protector
  • Requirements

Yes

Foundation Charter
  • Requirements to Prepare

Yes
  • Public Accessibility

Yes

Accounts
  • Requirements to Prepare

Yes
  • Requirements to file accounts

Yes