As Asia Pacific's preferred international business and financial centre, Labuan International Business and Financial Centre (Labuan IBFC) provides businesses and private clients an ideal balance of fiscal neutrality and transparency located in a midshore jurisdiction.
Well-supported by a robust, modern and internationally recognised legal framework, Labuan IBFC provides clear legal provisions and industry guidelines enforced by its regulator, Labuan Financial Services Authority (Labuan FSA).
The backbone of Labuan IBFC is its array of business and investment structures for cross-border transactions, business dealings, risk management and wealth management needs.
Anyone looking to benefit or participate in Asia's burgeoning markets would do well to consider Labuan IBFC as their connection to Asia's economies. After all, the jurisdiction has been playing this role for more than 25 years.
STRATEGICALLY LOCATED
Labuan IBFC, located in Malaysia, lies in the heart of the Asia, sharing a common time zone with major Asian cities, while complementing the financial centres of Hong Kong, Singapore and Shanghai.
As such, Labuan IBFC provides an ideal business environment for companies looking to tap into one of the fastest growing regions in the world. It also offers an ideal base for all your wealth management needs.
A ROBUST AND WELL-REGULATED BUSINESS ENVIRONMENT
As one of three Federal Territories in Malaysia, Labuan receives strong administrative, financial and political support from the Federal Government of Malaysia, which appreciates the jurisdiction as an essential part of its financial services industry.
Therefore, Labuan FSA promotes a robust yet pragmatic regulatory regime which adheres to international standards set by global regulatory bodies. It is a member of seven multilateral organisations, all focused on the development and regulation of financial centres globally.
Labuan IBFC is also on the Organisation for Economic Cooperation and Development (OECD) 'white list', meeting the international standards on exchange of tax information. Labuan IBFC has also recently passed scrutiny from the International Monetary Fund in 2013.
Being part of Malaysia, Labuan IBFC is committed to reporting requirements under the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards for Automatic Exchange of Information (CRS-AEOI) and Base Erosion and Profit Sharing (BEPS).
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