IN exercise of the powers conferred by section 32A of the Labuan Offshore Financial Services Authority Act 1996 [Act 545], the Authority, with the approval of the Minister, makes the following order:
Citation
1. This order may be cited as the Labuan Offshore Financial Services Authority (Annual Fee for Management and Operation Office of Labuan Holding Company in Kuala Lumpur) Order 2009.
Annual fee
2. (1) A licensed Labuan holding company that is a Labuan company incorporated under the Offshore Companies Act 1990 that carries on permitted business activities as specified in the Guideline on Co-location of Labuan Holding Company, approved by the Authority to open a management and operation office in Kuala Lumpur, shall pay an annual fee of seven thousand ringgit to the Authority in respect of each of its approved management and operation office in Kuala Lumpur.
(2) The annual fee required under subparagraph (1) shall be paid on or before 15 January of each year during the validity of such approval.
Made 23 December 2009
[LFA/09/2009; PN(PU2)556/II]
DATO’ AZIZAN BIN ABDUL RAHMAN
Director General
Labuan Offshore Financial Services Authority
Approved
DATO’ SRI MOHD NAJIB BIN TUN HAJI ABDUAL RAZAK
Minister of Finance
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