Labuan is a low-tax international business and finance centre in Malaysia. If you wish to obtain a Forex licensing in Labuan, this is issued by the Financial Services Authority arm of the Labuan IBFC.
The minimum share capital required is 350,000 Malaysian Ringgit, the equivalent of approximately 100.000 USD.
Documents required for obtaining a LFSA license:
Certified passport copy
Last 3 months utility bill
Director/Shareholder’s Bank reference letter
Reference letter from CA or CPA
Lawyer’s reference letter
Copy of educational degree certificate (Should be in English)
Bank balance confirmation stating a minimum balance of not less than MYR 350000 (USD approx. 100.000)
A Forex license in Labuan can be obtained in approximately 3-6 months.