Employment Pass Services

 

 

We are able to facilitate the application of work permits under the Labuan company for expatriates working for a licensed or non-licensed entity in Labuan IBFC. We offers comprehensive application advice and assistance across the entire spectrum of Labuan business activity for the purpose of the application. Our professional team has years of experience in dealing with the Labuan authority and immigration and definitely able to assist expatriates in getting the work permit efficiently.  

 

  • We will manage your application throughout the whole process.

  • Evaluate your specific scenario and provide professional suggestion, advice and tactics to advance the efficiency in application.

  • Prepare and organise the documents required by the Labuan FSA and the Immigration department.

  • Proof your essential presence to the Officer by complete and skilful interpretation.

  • Follow up and update the status with the Immigration Department.

  • Arrangement of meeting with the Labuan Authority when necessary

 

 

Work Permit Application For Labuan Company (and others Non-Licensed entity) 

 

 

1. Eligibility Criteria

 

  • The expatriate shall be paid a minimum salary of RM10,000 per month or its equivalent in any foreign currency.

 

  • The application for work permit should be in respect of the following positions in Labuan entity as specified by the Immigration Department of Malaysia:

 

      -  Top management e.g. Executive Director, Managing Director, Principal Officer,                 Chief Executive Officer,

      -  Chief Financial Officer, Chief Operating Officer.

      -  Professional e.g. Accountant, Lawyer, Consultant, Underwriter, Economist,                    Engineer, Actuary. Technical expert e.g. IT Specialist or other specialists related to          Labuan trading activity.

 

  • The applicant should have the corresponding competencies or relevant working experience related to the position applied in line with the fit and proper requirements. 

 

  • The paid-up share capital of Labuan company or contribution by member(s) of Labuan partnership, must be at least RM250,000 or its equivalent in any foreign currency. 

 

 

2. Operational Requirement 

 

 

  • The applicant from high-risk jurisdiction as listed by the Financial Action Task Force(http://www.fatf-gafi.org) and other countries as may be specified by Labuan FSA may be required to attend an interview session which will be conducted by Labuan FSA.

 

  • The applicant is required to provide the address of the company/employer and the residential address in Malaysia, as required by the Immigration Department of Malaysia. The company’s address/employer’s address must be an office that falls under one of the following category:

 

      - Operational office in Labuan;  

      - Marketing office as per the Guidelines on the Establishment of Marketing Office in          Kuala Lumpur and Iskandar Malaysia; or

      - Co-located office as per the Guidelines on Co-location of Labuan Holding                      Company.

 

  • The registered office address shall not be used as residential address for renewal application. However, once approved, the appointed Labuan Trust Company "LTC" is required to provide the applicant’s residential address in Malaysia certified by its approved trust officer within 30 working days from the date of approval.

 

  • The recommendation for work permit application is for a maximum period of two years. Renewal of application must be submitted to Labuan FSA at least three months before the work permit expires.

 

  • Labuan Trust Company are required to notify Labuan FSA for any change to the applicant’s address in Malaysia within 30 working days from the date of change. 

 

 

3. Compliance Requirement

 

 

  • The applicant shall ONLY undertake activities as specified under the Labuan laws including LCA, LTA, LFA, LPLLP, LIFSSA and other relevant laws.

 

  • The approved work permit is only allowed to be used to undertake activities of the Labuan entity.

 

  • All applicants must also comply with fit and proper requirement as specified in the Appendix 1 of the Guidelines.

 

  • Failure to adhere to these compliance requirements may result in revocation of the recommendation for work permit by Labuan FSA and initiation of other punitive measures by Labuan FSA, relevant domestic regulators and law enforcement agencies in Malaysia.

 

 

 

For more information kindly contact us at info@zrctrust.com for free initial consultation without any obligation. We are more than happy to help you in any way we can.