LABUAN IBFC · MALAYSIA
Cross-border corporate governance and private wealth advisory for the people and enterprises shaping the next generation.
Begin a conversation ↗SUCCESS & SUCCESSION
01 / CORPORATE OVERVIEW
Success Galaxy Co Ltd. is a cross-border corporate governance and private wealth advisory institution headquartered in Labuan, Malaysia. We work at the intersection of East Asia, Southeast Asia and the Middle East.
Our work spans corporate structuring advisory, multi-jurisdictional licensing guidance and private wealth planning for high-net-worth families, entrepreneurs and investors.
02 / BRAND PHILOSOPHY
“Success is inseparable from succession: the continuity of enterprise, influence and governance.”
A company can begin with a single idea. A legacy requires a unified, long-term vision. We connect capital with expertise, entities with jurisdictions, and today’s decisions with multi-generational possibility.
MARKET & REGULATORY INSIGHTS
New company incorporations increased 5.1% in 2025, while total industry assets rose 13% to US$94 billion. Banking, insurance, captive insurance and Islamic finance were among the sectors highlighted.
Read the Labuan FSA update ↗
Hong Kong reported 3,384 single family offices at the end of 2025—more than 25% higher than two years earlier—reinforcing its role as a regional wealth-management centre.
Read the Hong Kong update ↗
MAS appointed five additional asset managers under its Equity Market Development Programme and committed S$20 million to support market making for eligible stocks.
Read the MAS announcement ↗
New measures target fund managers, hedge-fund activity and senior investment talent, including a proposed tax exemption for qualifying performance-related fund-management income.
Read the MAS announcement ↗
ADGM reported 54% year-on-year growth in assets under management in the first half of 2026, alongside growth in fund managers, funds and active licences.
Read the ADGM announcement ↗Published for general information only. These summaries are based on public sources and are not legal, tax, investment or regulatory advice.
03 / OUR SERVICES
Services requiring a specific licence are provided through our licensed partners.
Incorporation, registered office, company secretary, bank account assistance and corporate structuring.
Business and financial licences, accounting, audit, tax, reporting and corporate governance.
Work permits, visa support, investment and wealth structuring, family office and fiduciary advisory.
Detailed practice areas
International entity design and holding-company structures across Labuan, Singapore, Hong Kong, UAE and BVI.
Advisory for trusts, private foundations, family offices and family governance frameworks.
Regulatory licensing coordination for fund management, money broking, digital assets, capital markets and FinTech.
Private banking introductions, multi-currency account facilitation and executive residence support.
Multi-jurisdictional reporting, economic substance compliance, audited accounts and corporate secretarial oversight.
04 / LABUAN GUIDE
Labuan can support cross-border business, family wealth planning and long-term asset stewardship. This overview helps you understand the common routes before a tailored discussion with our team.
ROUTE 01
A fiduciary arrangement in which a trustee holds trust assets for beneficiaries under a trust deed.
ROUTE 02
A separate legal entity that owns and administers endowed property in accordance with its charter.
ROUTE 03
A corporate vehicle for international business activity, holding structures and licensed operations.
THE TRUST RELATIONSHIP
In a trust, legal ownership of the transferred assets rests with the trustee, who administers them for the beneficiaries in line with the trust deed. A protector or enforcer may be appointed to provide oversight.
At least one trustee must be a licensed Labuan trust company. The structure and transfer of any Malaysian assets require careful consideration, including regulatory consent where applicable.
THE FOUNDATION RELATIONSHIP
Assets endowed to a Labuan foundation belong to the foundation itself. The founder may set the framework through the charter and appoint governance roles, while the foundation manages its assets and purpose separately.
TRUST OR FOUNDATION?
Fiduciary arrangement; no separate legal personality
Separate legal entity
Trust deed
Charter and articles
Generally not required
Mandatory with Labuan FSA
Held legally by the trustee
Owned by the foundation
Fiduciary administration and beneficiary planning
Purpose-led holding and independent legal capacity
LABUAN COMPANY INCORPORATION
We coordinate each stage and provide the documents needed for review and signature.
Typical electronic delivery includes the certificate of incorporation, share allotment, registered-office notice, director/secretary particulars, and memorandum and articles of association.
Once the complete original documents are received and accepted, the reference material indicates registration generally takes around one week. Timing is case-specific.
FINANCIAL LICENSING: START HERE
A licence is determined by the actual activity, not simply by the company name. This guide helps you identify the right initial discussion before committing resources to an application.
COMMON REGULATED ROUTES
The appropriate route depends on what the entity will actually do. These are examples of areas for which Labuan FSA provides separate application routes.
APPLICATION READINESS
Proposed licensed activity and business model
Ownership, beneficial-owner, director and management details
Business plan, operating plan and financial projections
Funding or capital information, where applicable
Governance, risk and compliance arrangements
Supporting due-diligence documents and applicable fee
AFTER YOUR FILE IS READY
Published examples only. Timing begins after a complete submission; route-specific requirements apply.
Important: not every finance-related or corporate activity requires a Labuan financial licence. The correct classification, full supporting-document list, fees and requirements must be confirmed for the facts of each proposal before an application is made.
ONCE YOUR COMPANY IS ESTABLISHED
Key annual filings and decision points for a Labuan company.
Confirm intention to renew before the incorporation anniversary.
Form 27 preparation and filing cycle.
Form 28 and accounts approvals, as applicable.
Financial statements and tax filing; 1-month grace period for e-Filing submissions.
Annual licence renewal payment for licensed companies.
Audited financial statements where applicable.
OFFICE PRESENCE
Office planning should follow the intended activity, work-permit position and applicable Labuan substance requirements—not simply a preference for an address.
Relevant for applicable work-permit, licensed-business and Labuan substance requirements. Where the applicable substance requirements are met, Labuan trading activities may qualify for the 3% rate, while Labuan non-trading activities may be non-chargeable. Failure to meet the applicable requirements may result in the 24% rate.
Focus: operational capability and qualifying Labuan substanceDesigned for meetings with existing clients and contact with prospective clients. It is not a place to keep books and records or conduct trading activity. Its expenses and staff do not count toward Labuan substance requirements.
Focus: permitted marketing and client liaisonCORPORATE BANK ACCOUNT OPENING
Account opening is a due-diligence exercise. A clear, consistent picture of your business is more useful than generic descriptions such as “consulting” or “trading”.
Registered name, incorporation jurisdiction, account currency and physical address.
Specific activity, products or services, trading route and directors’ relevant experience.
Estimated annual turnover, payment frequency, transaction values and payment countries.
Key suppliers, customers and related entities, including their jurisdictions and identifiers.
A clear explanation of the origin and intended use of funds.
Application, board resolution, incorporation records, registers, address evidence and certified IDs.
Banks may request additional evidence depending on the institution, jurisdiction, industry and proposed activity. Approval remains the bank’s decision.
This is a general guide only and is not legal, tax, investment or regulatory advice. Suitability, tax treatment, documentation and timing depend on your circumstances, residency, activities and the relevant authorities’ requirements.
05 / ENQUIRY FORM
06 / EXECUTIVE LEADERSHIP
01
Executive Chairman · Founder & Business Leader
Lilian is a Malaysian entrepreneur, cross-border corporate-governance authority and strategic investor with more than 35 years of executive leadership in industrial manufacturing, corporate restructuring and international capital stewardship.
She serves as Director of Galaxy Trust, Executive Chairman of SGX Main Board-listed Heptamax International Limited, and Director of Aseana Investment Group Pte. Ltd. Her board-level work spans regional mergers and acquisitions, cross-border entity design, multi-jurisdictional licensing and family wealth-preservation frameworks.
A co-founder of the Kendek Group, Lilian combines hands-on operational insight with governance experience across financial, real-estate and asset-management entities in Singapore, Labuan, BVI and Malaysia. She holds a Bachelor of Business Psychology (Honours) from HELP University.
02
Director & Senior Fiduciary Governance Advisor
Mat Zaid brings 33 years of institutional fund management, real-estate portfolio administration and sovereign-level fiduciary stewardship. He is a recipient of the Terengganu state honours Ahli Mangku Terengganu (AMT) and Pingat Jasa Cemerlang (PJC).
During his tenure at Yayasan Islam Terengganu, culminating as Deputy Director, he managed institutional investment portfolios and commercial real-estate portfolios. His governance experience spans board directorships across statutory, corporate and financial institutions, including publicly listed companies and PTB Securities.
He is a Director of Galaxy Trust and operating subsidiaries within the SGX Main Board-listed Heptamax Group. Mat Zaid holds a Bachelor of Property Management (Honours) and a Diploma in Valuation from Universiti Teknologi Malaysia, with specialisation in Shariah-compliant asset allocation, public-company compliance and institutional risk oversight.
07 / GLOBAL CONTACT & HQ
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