Labuan International Business Financial Centre
The island of Labuan located off the Borneo coast is home to Malaysia’s International Business and Financial Centre (IBFC). Since declared an international business and financial centre in 1990, Labuan IBFC has steadily grown in reputation and financial standing over the years.
Labuan IBFC’s position – strategically located between the two giant economies of China and India – as well as our proximity to several other regional financial centres, puts us in a unique position to tap the many investment opportunities in Asia and beyond. Sharing a common time zone with many large Asian cities makes Labuan convenient for business dealings.
A re-branding and re-positioning exercise of the IBFC was conducted in January 2008 to reflect the jurisdiction’s burgeoning international status, followed by an aggressive marketing exercise. This included the setting up of Labuan IBFC Incorporated Sdn. Bhd. in May of the same year with a mandate by the Malaysian government to market and promote Labuan as the premier International Business and Financial Centre in Asia Pacific. Labuan IBFC Inc. Sdn. Bhd.
Labuan IBFC Incorporated Sdn Bhd is the sole official Malaysian agency authorised to promote, market and develop the benefits of Labuan IBFC as the premier international business and financial centre in Asia Pacific.
Focused in marketing the jurisdiction, a team of specialists are in place to provide a wide range of technical advices in the areas of international tax, fund management, wealth management, insurance and Islamic Finance.
As part of our drive to enhance Labuan’s strong reputation and brand as a jurisdiction with business purpose and operational substance, we work closely with the international intermediaries such as tax advisors, accounting firms, international legal firms, trust companies, registration agents and investment banks, all of whom are readily on hand in Labuan IBFC to provide the necessary services.
In addition, Labuan IBFC Inc advices Labuan FSA on the development of all business sectors and acts as the first point of reference for all investors into Labuan IBFC. More about our Specialists
Labuan Financial Services Authority
Labuan Financial Services Authority or Labuan FSA, is a statutory body set up under provisions of the Labuan Financial Services Authority Act 1996, as a one stop supervisory and regulatory body for Labuan International Business and Financial Centre, Labuan IBFC.
Labuan FSA’s key role is to license and regulate entities operating within Labuan IBFC and to ensure all licensed entities remain in compliance with internal and international best standards adopted by the jurisdiction. Labuan FSA, in close cooperation with Labuan IBFC Incorporated, is also responsible for product research and market development, aimed at further developing the jurisdiction via the introduction of new products and services.
|