Characteristic of Labuan Fund
Those funds whose shares are: –
- Not offered to the general public.
- 2 types of Private Fund: –
- Consist of not more than 50 investors: First time investment is not less than MYR250,000 (equivalent in any foreign currency);
- Consist of any number of investors, and first time investment not less than MYR500,000 (equivalent in foreign currency).
Any fund designated by the Prime Minister as being private also falls into this category.
Those funds whose shares are offered to the general public for subscription.
The Minister of Finance in Malaysia also has the discretion to designate a fund as a public fund.
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