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Labuan: Types of Company

Private Company Limited by Shares

Private companies, denoted as "Sendirian Berhad" or "Sdn. Bhd.," may be limited or unlimited. A private limited company restricts the right to transfer its shares, limits its membership to no more than 50, prohibits public subscription to its shares, and prohibits invitation to the public to deposit money with the company for fixed periods or payable by call

A private company may be classified as an 'exempt private company' if its shares are not beneficially owned directly or indirectly by any corporation and it has not more than 20 members. An exempt private company need not submit its balance sheet and profit and loss account with its annual return, and it may make loans to directors and companies in which the directors own interests.

 

 

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