Labuan Forex Money Broking License
Key Information Related to a Labuan Forex License
- Capital requirements of 500,000 Malaysian Ringgit (around $70,000)
- Minimum of 2 directors needed
- The LFSA requires a physical presence in Labuan with a minimum of one local employee
- Local bank account is pre-requisite
- Leverage capped at 100:1
Atomiq Consulting specializes in company registration, license and banking services for FX brokers. With decades of industry experience and knowledge under our belts, we are the best choice for forex broker license services. Don’t hesitate to contact us today for more details related to establishing a Labuan money broking license.
To learn more about the set up process, fees, and other related questions don’t hesitate to contact us.
Frequently Asked Questions Related to a Labuan Forex License
How are taxes handled in Labuan?
Labuan licensed forex brokers pay either a tax rate of 3%, or a fixed amount which is 20,000 Malaysian Ringgit.
Which regulatory body oversees licensed forex brokers in Malaysia?
The Labuan FSA, or LFSA (Labuan Financial Services Authority) is the regulatory for all licensed forex brokers in Labuan, Malaysia.
How long does it take to obtain a money broker license in Labuan, Malaysia?
Although every application is unique, making it difficult to provide an exact timeframe, it will require roughly 12 – 16 weeks.
Are there any deposit bonus restrictions for licensed forex brokers in Labuan?
Currently the LFSA does not have any restrictions related to deposit bonus for brokers who hold an FX license in Labuan.
Could you also assist us in establishing a fund management license in Labuan?
Yes, we also specialize in these type of licenses.