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Labuan

|Approved Changes|Malaysia
Malaysia
offshore companies granted automatic approval for several activities

The Labuan Offshore Financial Services Authority (LOFSA) has announced on 31 July 2008 the automatic approval of the following activities undertaken by Labuan Offshore Companies (LOC):

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carrying on business with Malaysian resident pursuant to Sec. 7(3)(a) of the Offshore Companies Act 1990 (OCA);

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