operator. Please ensure that notarization is in English language if not then please provide with notarized English translation. At least two directors (can only be natural person, no nationality or residency restrictions). Required together with a local phone line. Money broking business is defined as the business of arranging transactions between buyers and sellers in the money or foreign exchange markets with brokers acting as an intermediary for consideration of brokerage fees paid. Labuan licensed forex brokers pay either a tax rate of 3, or a fixed amount which is 20,000 Malaysian Ringgit. Local directors requirements, optional, location of meeting, anywhere. An annual return must be filed 30 days prior to the companies anniversary date of incorporation. We have a full in-house compliance support for all compliance requirements with the regulator and service providers Through our extensive network, we provide sign up services with major service providers including but not limited to; Liquidity providers, technology providers, custodians, prime brokers, legal advisors, auditors. 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.
Dont hesitate to contact us today for more details related to establishing. For that reason, please provide us with the following documents. Licensing Criteria and Procedures for Applying for. Utility bill that is not older than 3 months) A notarized copy of Letter of Reference form Bank, Attorney or Accountant For local regulatory authority: (Each beneficial owner, shareholder, director, authorised signatory and secretary must provide) CV A notarized copy of valid passport A copy. If you have any queries or issues with. Find and set-up an office, apply for the phone number, find a local employee, Comply with other requests. About 4,740 USD) to trading companies, low operational costs, liberal exchange controls.
Before receipt of license from the lfsa, it is required to pay the annual fee of RM 5000 (this is done every year as a government renewal fee) In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate. Any name that implies illegal activity or implies royal or government patronage is restricted. Key Features of, labuan, money Broking / FX License, labuan, money Broking/FX, corporate Details, licensing Fees, license processing fee (one-off). Normally, an extension of time for filing is allowed by the Inland Revenue. Taxation Money broking activities RM20,000/- OR 3 of net audited profits, upon election annually Others No withholding tax, no capital gain tax, no stamp duty on offshore instruments Labuan Money Broking / FX License Distinctive Benefits There is no restriction on form of meeting for.