A Labuan foundation is a corporate body with a separate legal entity, established to manage its own property for any lawful purpose which may be charitable or non-charitable. 

In the case of a Labuan Islamic foundation, its aims and operations shall be in compliance with Shariah principles. A charitable purpose means and includes any of the following description of purposes:
  • The prevention and relief of poverty;
  • The advancement of religion, profession or education;
  • The advancement of health including the prevention and relief of sickness, disease or of human suffering;
  • Social and community advancement including the care, support and protection of the aged, people with a disability, children and young people;
  • The advancement of culture, arts and heritage;
  • The advancement of amateur sports, which promote health by involving physical or mental exertion;
  • The promotion of human rights, conflict resolution and reconciliation;
  • The advancement of environmental protection and improvement;
  • The advancement of animal welfare; or
  • The advancement of facilities for recreation or other leisure-time occupation in the interest of social welfare.
Applicant must appoint a licensed Labuan Trust Company to act as its
incorporation agent.
Annual fee needs to be paid upon the grant of licence. The subsequent payment of annual fee is payable not later than 15 January of each year.
Business activities conducted in, from or through Labuan IBFC are governed under the relevant laws, regulations and guidelines.
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