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Question: Are there any penalties for the Labuan Trust annual renewal?
4-3. About Labuan Trust Renewal
Answer: Yes, but only applicable to Special Trust that registered with Labuan FSA. If the renewal fees payment are made later than the anniversary due date, then the penalty will be imposed as follows:- (i) USD30 : Late Payment between 1-89 day(s) (ii) USD50 : Late Payment between 90-179 days (iii) USD400 : Late Payment more than 180 days
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Bona Trust Corporation offers Labuan company incorporation, trust setup, work permits, and more, connecting global businesses to ASEAN.
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