For the high-risk jurisdictions and nationality to set up a Labuan Company, an enhanced due diligence process will be required including a thorough background check and KYC (Know-Your-Client) process. The Labuan Authority would interview the key personnel of the proposed company prior to the company registration process. We will guide the candidate through the documentation as each profile would require a different format for the presentation. The “High-Risk Jurisdiction Country” list for Labuan Company set-up may change from time to time by the Labuan Authority.

Below are steps to Register a Labuan Company for High Risk Nationalities:

Step 1: We need to perform enhanced due diligence (EDD) onto all proposed key personnel (director and shareholder) with a list of documents required.
Step 2: Submit propose company registration to Labuan Authority and arrange an interview
Step 3: If the interview is successful, the Labuan Authority will approve the company registration and issue Company Registration Certificate
Step 4: Engage office space in Labuan for tax proofing purposes due to the Common Reporting System by OECD
Step 5: The final company documents will be handover during the introduction meeting
Step 6: Arrange banker for bank account opening for your Labuan company

The opening of Bank Account can be challenging for these high-risk nationalities. Bank’s approvals are subjected to their latest compliance policies and such policies varies from time to time. Please be informed we cannot give any assurance to be able to open any bank account.