Corporate services
Labuan company formation
A Labuan company can be incorporated in as little as three business days, but it must be done through a trust company licensed by Labuan FSA — which is what we are.
Labuan FSA licensed trust company · LT0072
A licensed Labuan trust company. Not an agent.
Most firms offering Labuan company formation are not licensed to file it — they route the work through a trust company like ours. We are the licensed firm that files, and the one that stays.
Labuan FSA licensed trust company — LT0072
Labuan company no. LL13580
Labuan office since 2017 · Brunei since 2000
Member of the Association of Labuan Trust Companies
One trust company, one team
We hold the Labuan FSA trust company licence ourselves — so the advice and the filing come from the same place.
3%
On net audited profit for in-scope Labuan trading companies
0%
On net profit for in-scope Labuan non-trading companies
3 days
Minimum time to incorporate a Labuan company
26 yrs
Group history — Brunei since 2000, Labuan since 2017
11
Named professionals across two offices
The jurisdiction
Malaysia's own financial centre
Labuan is a federal territory of Malaysia off the coast of Borneo, and the country's international business and financial centre. It is a substance-based midshore jurisdiction — not an offshore one — with a full treaty network and a residency route into Malaysia.
Licensed by Labuan FSA · Licence LT0072 · Labuan since 2017 · Brunei since 2000
What we do
Eight service lines, each handled in-house from our Labuan office — from registering a Labuan entity through to the economic substance and reporting that keep it compliant.
Work permit and human resources
Labuan work permit and director visa
A Labuan work permit is a two-year renewable, multiple-entry visa that allows you — and your spouse, children under 18 and parents — to live in Peninsular Malaysia and Labuan.
Economic substance
Labuan economic substance requirements
If your Labuan entity carries on an activity listed in the Schedule, you must employ a minimum number of fit and proper full-time employees in Labuan and incur a minimum annual operating expenditure there — or be taxed at a flat 24% instead of 3% or 0%.
Accounts and finance
Labuan accounting, audit and tax filing
Every Labuan entity must keep proper accounts, have them audited where required, and file an annual tax return — our accounting team handles all three, which includes co-ordination with external approved Labuan auditors and tax agents.
Reporting
Compliance and regulatory reporting
Labuan licensed entities carry reporting obligations to both Labuan FSA and the Inland Revenue Board — we prepare the reports and deliver them to you for timely submission.
Private client
Labuan trusts and foundations
A Labuan foundation is a legal entity that combines a trust's asset protection with a company's governance; a Labuan trust is a relationship where a trustee holds assets for beneficiaries. Which suits you depends on how much control you want to keep.
Switching to us
Change your Labuan service provider
You can move your Labuan entity to a new licensed trust company at any time — the transfer runs in five steps and we handle the filings, the handover and the compliance review.
Corporate services
Closing a Labuan company: strike off or winding up
A Labuan company can be closed either by striking it off the register or by voluntary winding up. Both require the company to be solvent, and neither wipes the slate clean immediately — liabilities and record-keeping obligations continue afterwards.
Why it matters that we are licensed
Under the Labuan Companies Act 1990, a Labuan company must appoint a licensed Labuan trust company as its statutory agent, and its resident secretary can only be provided by one. Labuan FSA sets a real bar for that licence — minimum capital, professional indemnity insurance, a functional office in Labuan, and approved trust officers domiciled there.
Many firms advertising Labuan company formation do not hold it — they file through a trust company like ours. Worth knowing who you are actually engaging.
Our licence
LT0072
HMR Konsultan (Labuan) Ltd. is a trust company licensed and regulated by the Labuan Financial Services Authority under licence number LT0072.
Labuan FSA publishes a list of approved trust companies. You can verify us on it — company number LL13580.
Open the register (opens in a new tab)
The rules moved in 2019, 2021 and again in 2025. We have published a notice on every one of them.
Free tool
3%, 0% or 24%?
Economic substance decides which rate your Labuan company pays. Our checker walks the same decision tree our advisers use and tells you where you stand — in about two minutes.
Licence applications
Banking, insurance, leasing, money broking, commodity trading and capital markets — licensed by Labuan FSA under the Labuan Financial Services and Securities Act 2010.
Labuan money broking licence
A Labuan money broking licence permits a licensed broker to bring together and match clients with counterparties in money and foreign exchange markets — it is the licence used for FX and CFD brokerage in Labuan.
Labuan digital financial services licence
Labuan's Digital Financial Services licence is the framework under which crypto and digital-asset businesses operate in Labuan — commonly called the Labuan crypto licence.
Labuan insurance and captive insurance licence
Labuan FSA licenses insurance and insurance-related business — including captives, reinsurance and insurance broking — under the Labuan Financial Services and Securities Act 2010.
Labuan leasing licence
A Labuan leasing licence permits leasing business to be carried on in, from or through Labuan, and is widely used for aircraft, vessel and heavy-equipment leasing structures.
Labuan Commodity Trading Company
A Labuan International Commodity Trading Company is the structure used for international commodity trading through Labuan, and it is the only Labuan entity that may employ the full professional category of expatriates.
Labuan fund management and private funds
A Labuan private fund can be established for a limited circle of sophisticated investors, and fund management as a business activity requires its own Labuan FSA licence.
How working with us goes
Tell us what you are planning to do
Not which structure you think you need. The activity determines the entity, the tax rate and whether economic substance applies — so that is where we start.
We tell you plainly what is involved
Including the cost floor, the substance obligations, and the cases where Labuan is the wrong answer. You get that in writing before anything is filed.
We file it
As a licensed trust company we are your statutory agent, registered office and resident secretary. No hand-off to a third party.
We keep it compliant
Accounts, audit coordination, tax returns, the reporting Labuan FSA and the IRB require, and a notice whenever the rules change.
Compliance
The part that keeps it working
A Labuan entity is not a one-off registration. Audited accounts, annual returns, tax filings, AML and Labuan FSA reporting all recur — and missing them is what turns a 3% rate into 24%.
The people who handle your file
Eleven named professionals across Labuan and Brunei, with backgrounds in law, accounting and banking.
Sukor Ashak
Managing Director
TEP
Belinda Yeo
Executive Director
CPA · Member, Malaysian Institute of Accountants since 2019
Khairul Khairuddin
Executive Director
Compliance Officer
Azli Noor
Non-Executive Director
LL.B (Hons)
Latest insights
All insightsBeyond the Success Story · 26 Sept 2026
Holding property outside Labuan? The 0% may not apply
A Labuan holding company is often pitched as a 0% wrapper for property. If the property sits outside Labuan, holding it is not a Labuan business acti…
Labuan · 27 Aug 2026
What a Labuan annual review actually covers
Most Labuan entities treat the annual review as paperwork. It is the one point each year where a substance problem can still be fixed cheaply.
Labuan · 20 Aug 2026
How to choose a Labuan trust company
A Labuan entity can only be incorporated through a licensed trust company. Here is what separates a good one from a cheap one, and the questions wort…
Second jurisdiction
Brunei Darussalam
An 18.5% corporate tax rate with pioneer incentives running five to twenty years, no personal income tax and no VAT. Our Brunei office opened in 2000 — it is where HMR began — so we file there ourselves rather than through a correspondent.
Understanding Labuan
The reference material we maintain for clients and advisers — kept current with each amendment to the regime.
Labuan company factsheet
A Labuan company is governed by the Labuan Companies Act 1990, regulated by Labuan FSA, can be incorporated in three business days, and is taxed at 3%, 0% or 24% depending on its activity and whether it meets economic substance requirements.
Labuan tax explained: 3%, 0% and 24%
Labuan trading companies listed under the Schedule pay 3% of net audited profit and non-trading companies pay 0% — but only if economic substance requirements are met; otherwise the rate is a flat 24%.
Labuan ESR checker
Answer four questions about your Labuan entity and this tool tells you whether the economic substance requirements apply, what the minimum employee and expenditure levels are, and which tax rate follows.
What a Labuan company costs
The statutory fees for a Labuan company are modest and public, but the real annual cost is driven by economic substance — the full-time employees and operating expenditure you must maintain in Labuan to keep the preferential tax rate.
Labuan compared with other jurisdictions
Labuan's distinctive combination is a 3% treaty-accessible rate with genuine substance requirements and a residency route — where the classic offshore jurisdictions offer no residency and increasing banking friction.
Ready when you are
Talk to the firm that holds the licence.
Tell us what you are planning to do and we will tell you plainly whether Labuan is the right answer — including when it isn't.