Etiqa Offshore Insurance (L) Ltd

License Application

Labuan has grown to be a favourite for captive insurance development, securing more than 50% of the captive formation projects in Asia. We have been involved in a number of captive formation projects in Labuan for some of the largest corporations in the region. Our members of staff are always ready to help you right from the incorporation of the business entity until the license is obtained from the relevant authorities. Our team will also continue to service your operational requirements under the mid-shore legislative environment and ensure that you maintain a healthy and compliant captive operation.

The types of license application we provide include license for:

  • Captive Insurance
  • Direct Insurance – Life/General
  • Reinsurance
  • Underwriting Manager
  • Insurance Broker

License Application Process

Summary of the processes for the application of a license to carry out insurance and insurance-related businesses with the Labuan Financial Services Authority (LFSA).

 
Decision to set up a Company/Branch in Labuan IBFC
Reservation of Company/Branch name
Application for an operating license with LFSA
Registration / Incorporation of the Branch/Company
Issuance of conditional approval of license by LFSA
Submission of documents as required under conditional approval
Issuance of License Certificate
Establishment of operations in Labuan IBFC