Malaysia International Ship Registry (MISR)

Labuan IBFC’s strategic location enables investors to foster long-lasting business relationships with Asia’s emerging economies such as China and India. In addition, it lies in close proximity to major shipping routes and boasts excellent shipping support services and facilities.

The Malaysian International Ship Registry (MISR), introduced to attract individual or foreign shipping companies to register their ships through Labuan IBFC thereby bypassing the requirements for a Malaysian majority shareholder, is expected to further enhance the jurisdiction’s shipping operations.

Shipping operations include the transportation of passengers or cargo by sea or the letting or charter of ships on a voyage or time charter basis.

The Malaysia International Ship Registry (MISR) is a body for the registering of international ships. The MISR has been established to encourage individuals and foreign shipping companies to register their ships in Malaysia without having to comply with the requirements of a Malaysian majority shareholder. The MISR would enable the placing of Malaysia on the international maritime map.

Under the MISR, foreigners are allowed to hold 100 per cent equity in line with the government’s effort to encourage foreign investments in the country. With the registration of international ships, it would help increase the ship registry’s capacity in handling the country’s transportation trade.

How QX TRUST can help you with obtaining a MISR

QX TRUST Consultants services for Labuan Shipping Operations and Malaysia International Ship Registry license include:
  • Consultation on client's eligibility and application procedures
  • Feasibility study write-up based on client's profile
  • Due Diligence, Profiling and Guidance on documents preparation
  • Construct exclusive Business Plan to meet client's objectives
  • Preparation of Financial Forecast, KYC, Operation and AML/CFT Manuals, Client Agreements etc
  • Submission and supervision of application process until approval
  • Act as liaison and key contact person for both client and Labuan FSA on all correspondences, meetings and /or interviews (if any)