Labuan

 
Year captive legislation was passed
Sign in to see more data
Total number of captives as of year-end 2022
Sign in to see more data
Total gross premium written and assets under management (AuM) as of year-end 2021
Gross premium: $1,750,000,000
Types of captives allowed
  • Single parent captives
  • Association captives
  • Group captives
  • Protected cell/segregated portfolio companies
  • Special purpose captives
Number of full-time employees in captive regulatory department
4
Initial licensing and incorporating fees required by the domicile

?tooltip content

Sign in to see more data
Annual fees
Sign in to see more data
Premium tax rate
Sign in to see more data
Premiums to surplus
A Labuan captive insurer is required to maintain at all times a surplus of assets over liabilities, which is equivalent to, or more than the amount of its working funds; 0r 20% of the net premium income for the preceding year in respect of the general insurance business; or 3% of the actuarial valuation of the liabilities for life insurance business as at the last valuation date in respect of the life insurance business, whichever is greater.
Minimum capital (broken out by type of captive)

A paid-up capital of a Labuan company unimpaired by losses of (1) pure/single/group/association/multiple captive: 300,000 Malaysian ringgit (2) rent-a-captive/cell captive: 500,000 Malaysian ringgit.

Applicable Acts/Enabling Legislation
Labuan Financial Services and Securities Act 2010; Labuan Islamic Financial Services and Securities Act 2010; Labuan Companies Act 1990; Labuan Business Activity Tax Act 1990.
Speed of licensing
30 days
Regulator
Sign in to see more data
Address and contact information of Regulatory Department
Sign in to see more data
Website Address
https://www.labuanibfc.com