The requirements to establish this type of business entity include:
| NO | NAME | DETAILS |
| 1 | SHARE CAPITAL | – Can be in any currency – A minimum of one (1) share with no minimum share par value |
| 2 | DIRECTOR | – At least one (1) director who is at least 18 years old – Nationality (or place of incorporation) of directors and shareholders are not restricted
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| 3 | SHAREHOLDER | – At least one (1) shareholder (Director and Shareholder can be same person) – Nationality (or place of incorporation) of directors and shareholders are not restricte |
| 4 | COMPANY SECRETARY | – Must have at least one (1) Company Secretary from a Labuan Trust Company |
| 5 | REGISTERED ADDRESS | – Must have a registered address which is the principal office of Labuan Trust Company |
| 6 | ACC REQUIREMENTS | – Must submit audited financial statement as part of the tax filing requirements – Under LCA 1990, the account information is not a publicly accessible record |
| 7 | ECONOMIC SUBSTANCE REQUIREMENTS | – Must have a prescribed number of minimum employees in Labuan – Must have a prescribed number of annual operating expenditure in Labuan, based on specific activity carried on by relevant Labuan offshore Company |