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Answer: Discontinue in paying annual fees to Labuan FSA, under Section 151 of Labuan Companies Act 1990 (LCA), and if such name remains struck off continuously for a period of three (3) years, the Labuan company shall be deemed to have been dissolved. Notwithstanding the name of Labuan company has been struck off from Labuan FSA’s register, the company shall continue to remain liable to all fees, license fees and penalties payable under the LCA, including the annual fee plus late payment surcharge thereof. All such fees, license fees and penalties specified above shall have priority over all other claims against the assets of the company.