Service
Labuan Company Liquidation & Dissolution Services
Cross-border voluntary winding up and regulatory deregistration for Labuan entities under the Labuan Companies Act 1990.
Liquidating an entity incorporated within the Labuan International Business and Financial Centre (Labuan IBFC) requires navigating distinct statutory requirements under the Labuan Companies Act 1990 (LCA 1990) and regulatory oversight by the Labuan Financial Services Authority (Labuan FSA). Whether closing a solvent international holding company, trading entity, or offshore structure, our team manages the entire liquidation lifecycle—ensuring full compliance with multi-jurisdictional tax regulations, statutory filings, and liquidator appointment rules.
When to Choose Labuan Liquidation
While Section 549 striking off is suited for small dormant entities without assets or liabilities, MVL is recommended when:
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- Group Entity Rationalisation: Orderly closure of redundant offshore holding companies, investment vehicles, or dormant Labuan trading entities.
- Economic Substance & Compliance Alignments: Dissolving entities that no longer align with updated statutory economic substance requirements or group operational goals.
- Solvent Capital & Asset Distributions: Returning multi-currency capital reserves, foreign currency bank balances, or international assets legally to foreign parent companies or individual shareholders.
The Labuan Liquidation Process
Solvency Declaration & Member Resolution: Directors execute a Declaration of Solvency under the LCA 1990 and shareholders pass a resolution to initiate voluntary liquidation.
Labuan Liquidator Appointment: Formal appointment of a liquidator qualified to handle Labuan statutory proceedings and cross-border assets.
Labuan FSA & LHDN Clearances: Submitting statutory notifications to the Labuan FSA and obtaining official tax clearance from the Inland Revenue Board (LHDN Labuan Branch).
Creditor Notices & Claims Settlement: Publishing mandatory legal notices to invite, verify, and settle any outstanding corporate claims.
Final Return & Deregistration: Submitting final liquidation accounts to the Labuan FSA for official striking off and dissolution from the Labuan company register.
Our Other Services
Pre-Liquidation Advisory
Members’ Voluntary Liquidation
Systematic solvent winding-up services for companies looking to distribute surplus assets and dissolve legally.
Creditors’ Voluntary Liquidation
Director-initiated insolvent winding up to achieve controlled debt resolution and creditor protection.
Office Hours
Monday to Friday - 9:30 am to 5:00 pm
LTC Corporate Recovery PLT
Contact Info
Lot 3A06, 4th Floor, Tower 2, Faber Towers, Jalan Desa Bahagia, Taman Desa, 58100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur