Labuan bank licence, filed under our own licence.
Full Labuan bank licence for deposit-taking, lending, payments and trade finance. RM10 million working fund, BIS-aligned capital ratios, designed before filing.
Make an enquiryBank licence, capital and substance combined.
As applicants enter Labuan FSA bank licensing, the RM10 million working fund is only the start. Capital adequacy ratios, BIS conformance, director and principal officer fit-and-proper vetting, and the physical presence and substance under the Labuan substance regulations all run in parallel.
QX Trust files bank applications under our own Labuan FSA licence as the recognised party. We draft the business plan, source director vetting and align capital ratios before the file is opened with the regulator.
Your bank file, filed directly by the licensed firm.
QX Trust Co. Ltd is a Labuan Managed Trust Company headquartered in Labuan IBFC. We file applications as the recognised party, not through an intermediary. We serve you in English, Chinese and Malay.
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Labuan FSA licensed
LMT0081
Our Labuan licence
EN + ZH + MS
Language desks
Labuan IBFC
Headquartered
What sits in the Labuan bank file.
Six deliverables prepared and assembled under one channel before submission to Labuan FSA.
Business plan and projections
A business plan covering banking activities, target client base, treasury and balance-sheet strategy aligned to the capital floor.
Capital and BIS conformance
RM10 million working fund evidenced via Labuan-bank account. Tier 1 and Total Capital ratios projected against BIS standards.
Fit-and-proper vetting
Director, principal officer and shareholder vetting prepared for Labuan FSA prior-approval. Home-regulator references and adverse-source declarations.
Operational substance plan
Physical presence in Labuan plus the full-time employees and annual operating expenditure prescribed under the Labuan substance regulations, with office and technology infrastructure documented.
Risk and AML framework
Credit, market, liquidity, operational risk frameworks. AML manual, KYC and transaction-monitoring policies calibrated to bank scope.
Treasury and reporting
Treasury policy, prudential reporting calendar, audited accounts arrangement and supervisory framework.
Four steps from scope to grant.
One channel, one owner, one timeline across the four phases of a Labuan bank licence application.
Pre-licensing audit
Business model, capital plan, BIS conformance and substance footprint benchmarked against Labuan FSA bank criteria. Gaps closed before drafting.
File scope and drafting
Business plan, capital projections, constitutional documents, fit-and-proper questionnaires and risk-framework drafted and assembled.
Submission and dialogue
File submitted under our Labuan FSA licence. We absorb regulator queries, coordinate director-approval steps and align home-regulator references.
Licence grant and handover
Approval issued by Labuan FSA. We hand over operating documentation, the prudential reporting calendar and supervisory engagement schedule.
Capital, substance and BIS conformance, one file.
Labuan bank licences pass or fail on three parallel tests. We coordinate all three under a single Labuan-FSA licensed channel, before the file enters review.
- Working fund of RM10 million benchmarked and evidenced via Labuan-bank account.
- Capital ratios: 4 percent Tier 1 and 8 percent Total Capital projected and stress-tested.
- Substance: physical presence in Labuan plus the employees and annual operating expenditure prescribed under the Labuan substance regulations.
- Filing routed through our Labuan FSA licence, not via intermediary.
Frequently asked.
Direct answers on capital, substance, eligibility, timelines and resident dealings.
What is a Labuan bank licence?
A Labuan bank licence authorises a firm to carry on full banking business including deposit-taking, lending, payment services and trade finance under Labuan FSA. The licence operates in foreign currency for international clients.
What capital does a Labuan bank need?
Minimum working fund of RM10 million or equivalent in foreign currency, unimpaired by losses. Risk-weighted capital ratios of 4 percent Tier 1 and 8 percent Total Capital apply throughout operations.
What substance does a Labuan bank require?
Labuan FSA requires a physical presence in Labuan plus the number of full-time employees and minimum annual operating expenditure prescribed under the Labuan substance regulations. Director and principal officer appointments require Labuan FSA prior-approval.
Who is eligible to apply for a Labuan bank licence?
Existing banks or financial institutions with a sound track record, good credit rating, supervision by a competent home regulator, and conformance with BIS standards. Corporates without a banking parent face a higher evidence bar.
How long does the Labuan bank licence application take?
Labuan FSA states a processing time of 30 working days for normal track and 15 working days for fast track, measured from a complete file. Fast track requires Labuan FSA prior approval. Capital adequacy review, director and principal officer prior-approval, and BIS standards conformance assessment all drive the timeline.
Can a Labuan bank accept deposits from residents?
Labuan banks operate in foreign currency for international clients. Dealings with Malaysian residents are restricted to defined categories. We map the permissible client base before scoping the file.
Scoping a Labuan bank licence?
Tell us about your banking activity. We benchmark the capital, design the substance, and route the file under our Labuan FSA licence.
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