Corporate Services Trust

What Corporate Services Trust does

Corporate Services Trust Co Ltd (CS Trust) is a Labuan-based, founder-owned professional services firm founded in 2009 by Clament Chua and licensed in 2010 under the Labuan Financial Services & Securities Act 2010 as a fully fledged Labuan Trust Company. The firm provides a one-stop suite of services to international clients seeking to establish and operate entities within the Labuan International Business and Financial Centre (IBFC), spanning company incorporation, license applications (money broking, banking, insurance, leasing, fund management), bank account opening, statutory secretarial services, accounting and bookkeeping, corporate tax filing, payroll/HR, work permit processing, compliant office rental, voluntary dissolution, and company migration/re-domiciliation. Its client base is distributed across more than 30 nationalities with hundreds of active companies served, covering segments including international SMBs, money broking firms (30+ setups since 2017), leasing companies, financial institutions, and insurance entities.

The firm has no proprietary technology platform — all service delivery is human-driven through a six-location physical office and business-center network across Labuan (Robin, Kim, Phil, City Cubicles, Paragon) supplemented by representative affiliations with tax and audit firms in Kuala Lumpur and Singapore. Revenue is generated from a mix of one-time professional service fees (incorporation duties ranging RM 1,000–5,000 depending on paid-up capital, dissolution packages ~USD 6,000), recurring annual retainers (company secretarial, tax agent, bookkeeping, money broker license USD 1,500/yr, office rental), and license application fees. Go-to-market is sales-led and relationship-driven, relying on direct client engagement via website, phone, email, and WhatsApp, supported by content marketing through an educational blog authored by the founder on Labuan tax developments and regulatory changes, plus a referral network requiring reference letters from lawyers, accountants, or banks for client onboarding.

The company is led by three directors — Clament Chua (founder, ex-EY, ex-National Australia Bank), Ho Yun Tong, and Ko Vigil (both senior partners of affiliated chartered accountancy firm Ho, Ko, Chua & Partners) — and is privately held with no external investors, no subsidiaries, no parent entity, and no public ticker. Geographic service scope is global with explicit exclusion of OECD high-risk countries.

Name

Corporate Services Trust

Legal name

Corporate Services Trust Co Ltd

Website

https://cstcl.com.my

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Corporate Services Trust is a Labuan-licensed trust company offering company incorporation, licensing, secretarial, accounting, tax, HR, and office rental services to international clients establishing entities in Malaysia's Labuan IBFC.

Ownership category

akta.pro rank

Product category

Corporate Secretarial & Offshore Incorporation Services

NAICS

Trusts, Estates, and Agency Accounts (52592)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB)

akta.pro secondary industry

Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Company incorporation services
• Company secretarial services
• Offshore company formation
• License application services
• Corporate administration services

Headquarters

HQ city

Labuan

HQ country

Malaysia

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Incorporation Services: Fees for incorporating Labuan companies including company secretarial services, registered address, government fees, lodgement and filing. All-in fee structure based on paid-up capital.
2. Annual Company Maintenance: Annual fees for company secretarial services, tax agent fees, audit fees, and bookkeeping services for ongoing Labuan company compliance.
3. License Application Services: Services for obtaining specialized licenses including Labuan Money Broker License, Labuan Leasing License, and other regulated entity licenses.
4. Office Rental: Rental of furnished office spaces in Labuan IBFC compliant facilities with LFSA approval guarantee.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Corporate Services Trust provides Labuan company incorporation, regulatory license application (including Labuan Money Broking, leasing, banking, and insurance licenses), corporate bank account opening facilitation, and ongoing company secretarial, accounting, tax filing, and payroll services. It also offers Labuan work permit/employment visa applications, company dissolution/re-domiciliation, and physical office rental in LFSA-compliant business centers across Labuan. The firm serves as a one-stop center for international businesses establishing and maintaining Labuan IBFC entities.

Product overview

Corporate Services Trust is a Labuan-based company secretarial and trust services firm offering a comprehensive suite of incorporation and corporate administration services for Labuan IBFC entities. The core offering centers on Labuan Company Incorporation, License Application Services, Bank Account Opening, and Secretarial Services, supported by ancillary services including Tax Filing, Accountancy, Work Permit Applications, and Physical Office Rental. The company operates multiple business centers (Robin Business Centre, City Cubicles, Kim Business Center, Phil Business Center) across Labuan to provide compliant office spaces meeting LFSA substance requirements. Services are delivered through a combination of direct provision and affiliated partnerships with Ho, Ko, Chua & Partners Chartered Accountants.

Differentiator

Problem solved

Functional benefit

Products and services

• Labuan Company Incorporation Formation and registration of Labuan companies under the Labuan Companies Act 1990, including name reservation, incorporation, and setup services for trading and non-trading entities. Targeted at international businesses and entrepreneurs seeking offshore incorporation.
• License Application Services Assistance with obtaining various Labuan Financial Services Authority (LFSA) licenses including Labuan Money Broking, banking, insurance, leasing, and fund management licenses. Targeted at financial institutions and specialized operators needing regulated entity status.
• Bank Account Opening
• Secretarial Services
• Accountancy and Bookkeeping
• Tax Filing Services
• Labuan Money Broking License Service Application and setup services for Labuan Money Brokers License for Contract for Differences (CFD) and Foreign Exchange (FX) money broking business, including LFSA approval assistance. Annual license fee USD 1,500 with MYR 500,000 (USD 125,000) paid-up capital required. Targeted at CFD and FX brokers needing LFSA-regulated licensing.
• Labuan Work Permit Application
• Office Rental Services
• Company Dissolution Services
• Company Migration / Re-domiciliation
• Shelf / Ready Company

Quantifiable outcome

• 3% effective tax rate on audited net profits for Labuan companies
• +3 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hawksford: Corporate services and fiduciary firm with significant Asia and offshore presence; comparable because it provides company formation, secretarial, tax, and trust services to international clients entering similar jurisdictions.
• Sovereign Trust Group: Boutique international corporate services and trust firm with offshore jurisdiction expertise; comparable because it provides offshore company incorporation, licensing, secretarial, and trust services to international clients.
• KENSINGTON Trust Group: Asia-based licensed trust company with explicit Labuan operations; comparable because it offers identical Labuan IBFC company incorporation, licensing, and trust services, directly contesting CST's niche.

Broad incumbents

• Vistra: Global corporate services and trust company with strong Asia-Pacific presence; comparable because it provides incorporation, fiduciary, accounting, and corporate secretarial services to international clients seeking offshore structures.
• Intertrust Group: Global provider of corporate, fiduciary, and administrative services; comparable because it delivers offshore company formation, secretarial, accounting, and trust services across multiple financial centres.
• Tricor Group: Leading Asia-headquartered corporate services and trust firm; comparable because it offers company incorporation, licensing, secretarial, accounting, and HR/admin services across APAC, mirroring CST's broad service portfolio.
• Corporation Service Company (CSC): Major global corporate services and registered agent provider; comparable because it offers entity formation, secretarial, and compliance services for clients seeking offshore and international business structures.
• Walkers Professional Services: International law and professional services firm with fiduciary and corporate services arms; comparable because it offers company formation, licensing, and ongoing corporate administration in offshore financial centres.
• Maples Group: International legal and corporate services firm with fiduciary capabilities; comparable because it provides company incorporation, fiduciary, and fund/administration services for clients establishing entities in offshore financial centres.
• TMF Group: Global corporate services and trust company with extensive Asian presence; comparable because it provides company incorporation, secretarial, accounting, and trust services across multiple offshore jurisdictions, directly competing for the same international client mandates that CST handles in Labuan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cstcl.com.my
• LinkedInlinkedin.com/company/corporate-services-trust-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corporate Services Trust