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Priceless Gems for Global Investors |
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Monday, 13 June 2011 04:20 |
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Labuan IBFC offers investors a wide range of business opportunities for both international corporations and high net worth individuals. Our product offering has been expanded to include Protected Cell Companies, Foundations, Labuan Special Trust, Private Trust Companies and an International Shipping Registry. In addition, Labuan is also a leasing centre and home to more than 60 banks and close to 200 insurance entities. With the introduction of the Labuan Islamic Financial Service and Securities Act 2010, Islamic style products such as Islamic Trusts, Islamic Foundations, Protected Cell Companies, Limited Partnership and Limited Liability Partnerships can now be set up in the jurisdiction. The first Shariah compliant foundation was set up in Labuan IBFC in 2010. As at end December 2010, five foundations have been approved. In addition, Labuan FSA has also approved the establishment of private trust companies. The inclusion of Labuan as the port of registry for Malaysia International Ship Registry (MISR) has further boost the development of LIBFC. To date, there are nine ships owned by Labuan companies that have been registered under the MISR.
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Last Updated on Tuesday, 18 October 2011 17:38 |
