Malaysia legislation
Section 4
of LABUAN LIMITED PARTNERSHIPS AND LIMITED LIABILITY PARTNERSHIPS ACT 2010
Section 4
(2)
A Labuan limited partnership shall consist of not less than two partners and not more than fifty partners who may be any person and of whom—
(a)
one at least shall be a general partner; and
(b)
one at least shall be a limited partner.
(3)
A person may be a general partner and a limited partner at the same time in the same Labuan limited partnership.
(4)
Where a Labuan limited partnership is formed for the purpose of carrying on any professional practice, the Labuan limited partnership—
(a)
shall consist of partners none of whom is a corporation;
and
(b)
shall have in force professional indemnity insurance cover for an amount not less than the prescribed amount with any insurer approved by the Authority.
Registration of Labuan limited partnership