The applicant must: Be  incorporated or registered as a Labuan company, a foreign Labuan company under the Labuan Companies Act 1990, a protected cell company or a special purpose vehicle set up to undertake captive insurance business Have a management office in Labuan or appoint a licensed underwriting manager Appoint at least a director and a resident secretary. The resident director (if appointed) and resident secretary must be trust officer(s) of a trust.. Read More