Now you can open a Labuan bank account with minimum effort. You do not have to spend several days waiting for your account approval. Once you have submitted all required documents, your account will be opened without any difficulty. This account is an excellent option for investors. This area is an offshore jurisdiction of Malaysia. You need this account if you plan to open and operate any company here. Contact a company formation agent if you have not registered your company yet. You will receive guidance on opening a trust company.

To open your bank account here, you have to fill the forms providing information about your business as well as your name, country of residence and nationality. Submit copies of passport for identification. A bank from your home country should provide recommendation for foreign bank account opening. You have to submit documents related to the cash flow and source of funds.