Money broking is the business of organising transactions between buyers and sellers in foreign exchange markets as an intermediary in consideration for brokerage fees paid or to be paid. However, the Labuan Forex Money Broking license does not include the buying or selling of currencies by the broker but merely an approval to conduct the business legitly in a well-regulated jurisdiction like Labuan. For people looking to obtain a Money Broking license in Labuan, it is necessary to appoint a licensed trust company like QX Trust which acts as liaison and key contact person for both clients and Labuan FSA on all correspondences and meetings. We help clients obtain the Money Broking License in Labuan in lesser time and effort as well as at affordable rates. Our team of consultants and compliance team assist with the necessary document processing and bank procedures, leaving clients to focus on the more important aspects of their business.

Distinctive benefits of Labuan money broking license:

• NO restriction on form and place of meeting for shareholders and directors
• Easily open a variety of offshore banks in Malaysia
• NO withholding tax imposed for the dividend paid out, interest, royalties, the management or technical fees and other rental leases
• Fast turnaround time in obtaining the license is approximately 2 months
• 3% tax on net audited profits
• Low operational costs and liberal exchange controls
• NO import duty/sales tax.
• NO foreign exchange controls
• NO capital gain tax/inheritance tax

To qualify and maintain the license, it is a prerequisite to have a good track record of financial performance, and it is required to undertake a functional operation of your money broking company in Labuan.

Three significant options for launching money broking business in Labuan:

• Have an established company in Labuan with experience in money brokering business
• Enables brokering business for a global market

The need to obtain a domestic Malaysia money broker license for dealings with Malaysians, if any.

Why QX Trust?

• We have more than 8 years of experience in assisting clients with financial services license applications
• Possesses hands-on experience in the pre and post-filing period, where we check with the regulators on latest regulatory requirements
• We quickly synthesize any query raised by the relevant authorities, and we respond with the right answers to move the process forward
• Our team of consultants will assist in all documentations required for the license application
• We have vast knowledge and understanding of a wide range of legal structures in Labuan and Malaysia
• Our team of experts can advise you on the best legal structure depending upon your requirements, size, expectations, and circumstances
• We have a network of qualified and experienced lawyers, chartered accountants, chartered financial analysts, wealth managers, investment advisors, etc. to assist in every possible way
• We have a team of experienced and comprehensive in-house compliance support for all compliance requirements

QX Trust is a trustworthy licensed company by the Labuan FSA to conduct trust company business activities. To schedule a free consultation, please reach us at +60 3 9212 6940 or write to us at consultant@qx-trust.com.