Explore answers with confidence.
Search through curated knowledge and find what you need — fast.
Question: What happens to the company if a director / shareholder dies? What kind of procedure is necessary?
2-5. Other General Questions
Answer: Death Certificate need to be provided, and BTC shall notify to Labuan FSA. If it is a Director, then proceeding with removal of the director from the Board. If it is a Shareholder, then it shall follow the Will / Probate from Court to pass on to the beneficiaries.
Services
Bona Trust Corporation offers Labuan company incorporation, trust setup, work permits, and more, connecting global businesses to ASEAN.
Explore More