Valsen Corporate

Labuan Fund Management License

Labuan Fund Management License
Labuan mutual fund as governed under Part III of the Labuan Financial Services and Securities Act 2010 (LFSSA).
About Labuan Fund Management License
Labuan Fund Management License s are those whose securities are offered for subscription to any member of the general public. Labuan Fund Management License s may commence business after being registered with the Labuan Financial Services Authority (Labuan FSA) with an approved prospectus of the Fund Management.
Labuan Fund Management Legal Requirements

Sr.
No		 Element Requirement(s)
Entity Requirements The entity making the application is an Labuan company under Labuan Financial Services and Securities Act 2010 (LFSSA) Company includes:

  1. Company;
  2. LLP;
  3. PCC
  4. Any other similar body formed under the laws of Labuan
Director’s Requirements The licensee will need at least 2 (two) natural person Fit and Proper Directors of any jurisdiction.
Shareholder requirements The Fund Management will need at least one shareholder.
Corporate shareholding is allowed and 100% foreign ownership is permitted.
Compliance Officer The Licensee must establish and maintain an appropriate and effective compliance function within the firm which operates independently of all operational and business line functions and senior or supervisory management.
Custodian No person shall carry on business as a custodian of a Fund Management unless it is a:

  1. Bank Licensee
  2. Labuan Trust Company
  3. A qualified and authorised trustee or custodian of Fund Management under the laws of any recognised country or jurisdiction and has received written permission from the Authority to carry on business as a trustee or custodian.
fund manager
  1. A Labuan company who has been granted a licence to act as a fund manager.
  2. A qualified and authorised manager of mutual funds under the laws of any recognised country or jurisdiction.
  3. A bank licensee.
  4. A fund manager who is carrying on fund management activities.
Fund administrator
  • A Labuan company or Labuan trust company and has been granted a licence to act as a fund administrator.
  • A bank licensee.
  • A securities licensee
  • A management company
  • A person who is and continues to be a qualified and authorised fund administrator of mutual funds under the laws of any recognised country or jurisdiction

A fund administrator who is carrying on fund administration activities.
Auditor The Licensee, within one month after becoming licensed, The Authority may approve any person to be an approved auditor.

Ongoing Obligations

  1. Annual obligations: Maintain such accounting records and financial statements available for examination by the Registrar or any person authorized under his hand at its principal place of business or registered office in Labuan;
  2. Notify Minister within a reasonable period of any of the following changes:
  • Changes in any Key Functionary in the Fund.
  • Change in the registered office address
  • Change of its agent in Labuan
  • Change in name or address of-

    1. each director of the fund, if the fund is a company
    2. each trustee of the fund, if the fund is a trust
    3. Each general partner of the fund, if the fund is a limited partnership.
    4. Appointment, resignation or removal of a Director or officer

About Valsen Fiduciaries
Valsen Fiduciaries is a licensed independent global service provider of a broad range of fiduciary, administrative, legal, corporate secretarial and support services.

    1. Assistance with Bank Account opening
    2. Company formations and Administration
    3. Collective Investment Setup and Administration
    4. Intellectual Property Registrations and Maintenance.
    5. Trusts and Foundations setup and administration
    6. Online Payment Gateway Solutions
    7. Banking Licenses and PSP, E-Money, E- Wallet Licenses
    8. Yacht and aircraft registrations.
    9. Cryptocurrency Solutions (ICO, STO, Crypto Exchanges etc)

The Valsen Advantage

  • We will advise you on the optimal legal structure for your requirements, size, expectations and circumstances. We have extensive knowledge of a wide range of securities dealer licenses in all major jurisdictions.
  • Valsen will assist to complete every form for each process in the best way we know how (Based on our many years’ experience with various regulators and service providers across the world)
  • We are very hands on in the post filing period checking with re regulator and service providers and updating you regularly. Any queries raised by the regulators and service providers during processing will be quickly synthesized by us and we shall craft the right responses to move the process forward fast.
  • We have a full in-house compliance support for all compliance requirements with the regulator and service providers

Our Contact Details
Please visit us on: www.offshorelicense-regulatory.com , www.valsen-corporate.com
OR Contact us on:

  • Tel: +248 4321018
  • WhatsApp: +248 2525217
  • Skype: vf-international.com
  • Email: david@valsenfiduciaries.com