At this point you have already grasped the basics of what is required to set-up a Labuan Insurance Broker company. You also have a big picture of the benefits of doing business in an island that offers an efficient, strategic and business-friendly environment.
However, there are two more important areas that you need to understand when it comes to establishing an insurance broker in Labuan. In this article, we will take a quick glance at incorporation and licence certificate issuance.
The following are key processes upon Labuan FSA’s approval of your license application to carry out your broking business:
To facilitate the issuance of your licence certificate, here are the documents that require submission:
Depending on how quickly your bank account is up and running, it is expected to take approximately four weeks for all the aforementioned documents to be prepared, after your company is incorporated.