Strategically located near Asia’s main financial and business hubs such including Hong Kong and Singapore, Labuan International Business and Financial Centre (Labuan IBFC) was set up in 1990 on the Island of Labuan, one of the three federal Territories of Malaysia. Labuan IBFC has its own laws and regulations for financial activities carried out within this territory, separate from domestic Malaysian laws. This federal territory is regulated by a one-stop-regulator, the Labuan Financial Services Authority (LFSA).

Since its inception, Labuan IBFC has evolved into a successful mid-shore jurisdiction serving the growing demands for business expansion and international financial services. A preferential tax regime, minimal foreign exchange controls, the absence of capital gains and withholding taxes, the availability of a multilingual and skilled local workforce and competitive operational costs are just some of the benefits of doing business in Labuan IBFC.

Labuan has also become a very attractive hub for wealth management solutions, offering a number of vehicles to high-net-worth individuals to consolidate and protect their wealth, including private and charitable foundations.