4. Establishment of Labuan foundation

Terms defined in s 2

• certificate of registration

  certificate of registration

  Defined · s 2

  “certificate of registration” means the certificate of registration issued under section 15 upon the registration of a Labuan foundation;

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• charter

  charter

  Defined · s 2

  “charter” means the charter of a Labuan foundation provided for in section 8;

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• founder

  founder

  Defined · s 2

  “founder” means the person who subscribes his name to the charter establishing a Labuan foundation acting either for himself or on behalf of another person and who, by transfer of title, endows that Labuan foundation with its initial assets;

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• Labuan

  Labuan

  Defined · s 2

  “Labuan” means the Federal Territory of Labuan;

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• Malaysia

  Malaysia

  Defined · s 2

  “Malaysia” means the territories of the Federation of Malaysia, the territorial waters of Malaysia and the sea-bed and subsoil of the territorial waters, and includes any area extending beyond the limits of the territorial waters of Malaysia, and the sea-bed and subsoil of any such area, which has been or may hereafter be designated under the laws of Malaysia and in accordance with international law as an area over which Malaysia has sovereign rights for the purposes of exploring and exploiting the natural resources, whether living or non living;

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• person

  person

  Defined · s 2

  “person” includes a corporation, a partnership, a body of persons, corporate or unincorporated, and a corporation sole;

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