Labuan limited partnership (LP), Labuan Limited Partnerships and Limited Liability Partnerships Act 2010Malaysia · Labuan IBFC
What it takes to form, own and run a limited liability partnership in Malaysia · Labuan IBFC, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A general partner in a Labuan limited partnership shall have all the rights and powers and shall be subject to all the restrictions and liabilities of a partner
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A Labuan limited partnership shall consist of not less than two partners and not more than fifty partners
The registry’s and the law’s own pages do not mention it.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Labuan limited partnership (LP), Labuan Limited Partnerships and Limited Liability Partnerships Act 2010.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2 · at most 50
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A Labuan limited partnership shall consist of not less than two partners and not more than fifty partners
- A local company secretary
- Does not apply
- A local registered agent
- Required
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shall have a registered office in Labuan which shall be the registered office of a Labuan trust company.
Each year, at the registry
- Annual registry fee
- USD 400 (about €350)
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Partnership 400
- Accounts on the public record
- No
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a person may, if so authorized by the relevant Labuan limited partnership or Labuan limited liability partnership
- Audit for a small company
- Not required
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Unless otherwise required in the partnership agreement, the accounts of a Labuan limited partnership and Labuan limited liability partnership shall not be required to be audited.
- Audit
- Unless the partnership agreement requires it, the accounts are not required to be audited (s.70(4)); the page states the 3% tax is on audited net profits.
Important dates
When each obligation falls due, as the authority states it.
- File a notice of change to the partnership agreement particulars
- 30 days after change of articles
With Labuan FSA (through the Labuan trust company)
s.6(1): within thirty days of a change in the particulars of the partnership agreement; a general partner signs the notice.
What is public
- Shareholders
- To the authorities only
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a person may, if so authorized by the relevant Labuan limited partnership or Labuan limited liability partnership
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat · 3%+1 regime
Labuan LP income is taxed at 3% of audited net profits; distributions to partners are tax-exempt (Labuan FSA partnerships page); LBATA s.4(1) charges 3% on a Labuan entity's trading profits.
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The rate of tax imposed is 3% of audited net profits.
Work it out on a profit figure: the company’s tax, the owner’s, and what is left.
Special regimes that may apply
- Labuan business activity tax — Labuan trading activity free zone · 3%
Labuan entities carrying on a Labuan business activity which is a Labuan trading activity Labuan Business Activity Tax Act 1990 (Act 445), section 4, as amended by Act A1614 and Act 833
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Malaysia
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Labuan limited partnership (LP), Labuan Limited Partnerships and Limited Liability Partnerships Act 2010.
Every business in Malaysia · Labuan IBFC
Sales and consumption tax
- The tax
- SST (Sales and Service Tax)
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Rate of tax is amended to :- 6% (1 Sept 2018 – 29 Feb 2024) 8% (Start 1 Mac 2024) except F&B, Parking, Logistic & Telecommunications – 6%
- Standard rate
- 8%
Service tax is 8% from 1 March 2024, and 6% for food and beverage, parking, logistics and telecommunications. Sales tax on taxable goods is 10% unless the goods are listed for 5% or exemption; a foreign provider of digital services charges 6%.
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Rate of tax is amended to :- 6% (1 Sept 2018 – 29 Feb 2024) 8% (Start 1 Mac 2024) except F&B, Parking, Logistic & Telecommunications – 6%
- Other rates
- 6% Service tax on food and beverage, parking, logistics and telecommunications services, and on digital services supplied by a foreign registered person
- 5% Sales tax on goods listed in the Sales Tax (Rate of Tax) Order 2025
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Rate of tax is amended to :- 6% (1 Sept 2018 – 29 Feb 2024) 8% (Start 1 Mac 2024) except F&B, Parking, Logistic & Telecommunications – 6%
- Registration threshold
- MYR 500,000 · about €109,068
sales value of taxable goods for sales tax; service tax thresholds are set per service group, and a foreign digital service provider registers above RM500,000; 12 months
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Taxable goods manufacturers are required / liable to be registered when; SALES VALUE OF TAXABLE GOODS has exceeded RM500,000 for 12 months period
- Voluntary registration
- Yes
A manufacturer of taxable goods below the RM500,000 threshold may register voluntarily under section 14 of the Sales Tax Act 2018.
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Voluntary registration is permitted under Section 14 of the Sales Tax Act 2018, provided that you are engaged in the manufacturing of taxable goods and the total value has not reached the threshold amount of RM500,000.00.
- A foreign company
- The same threshold applies
A person outside Malaysia supplying digital services to consumers registers with the Royal Malaysian Customs Department once the value of those services passes RM500,000, and files for a three-month taxable period. Nothing read states whether a representative must be appointed, and the position for a foreign supplier of services other than digital services is not stated on these pages.
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A Foreign Service provider is liable to be registered if his total value of digital services provided to consumer has exceeded the prescribed threshold of Ringgit Malaysia five hundred thousand.
- Returns filed
- Depends on the business
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Returns must be filed once every two months (according to the taxable period).
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
3 services name Malaysia on their own list: Paysera, Airwallex, Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Labuan limited partnership (LP), Labuan Limited Partnerships and Limited Liability Partnerships Act 2010
- Identifier
- MY-LABUAN-LPA form ISO 20275 does not list.