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Labuan

Country:                    Labuan Region:                       Asia Pacific Currency:                  No Restriction on Currency Languages:    English, Malay, Chinese, Tamil Time Zone:     UTC +8 Phone Code:   +6087 591 200 Communications: Very Good Labuan, being part of Malaysia,plays a significant role as the window to Asia’s economy. Labuan companies can make use of Malaysia's extensive double tax treaty network, and as a result the island has become a preferred conduit for FDI to a number of ASEAN countries. A stock exchange aimed primarily at the listing of Islamic financial debt issues has had considerable successes. Labuan companies engaged in trade...
中文

Labuan FSA Grants the First Digital Bank Approval to China Construction Bank Labuan

Labuan, Monday 26th August 2019 – With the acceleration of digital revolution in banking, and the advent of 5G driving Industry 4.0, behavioural preference is observed to shift towards online and mobile, from payments to consumption, and in business and trade transactions. China Construction Bank Corporation Labuan Branch (“CCBL”) has been approved by the Labuan Financial Services Authority (“Labuan FSA”) to conduct digital banking activities in the Labuan International Business and Financial Centre (“Labuan IBFC”).   A core strategy of the China Construction Bank Corporation (“CCB”) Group is building a digital financial ecosystem with the use of Financial Technology (“FinTech”) to empower customers’ access their...

Understanding of captive insurance grows in Asia; Labuan IBFC retains jurisdictional leadership

Four new captives registered between Jan to June 2019, making the jurisdiction the fastest growing captive domicile in Asia. “Risk management in the form of self-insurance or captives is on the rise, due to it being an overall cost-efficient and customisable risk mitigating tool,” said Danial Mah, Director General, Labuan Financial Services Association (Labuan FSA) at the launch of Labuan International Business and Financial Centre (Labuan IBFC) and Swiss Re Corporate Solutions’s event entitled “Adding Confidence to Captives: Managing Volatility via Self Insurance” today in Kuala Lumpur. Andre Martin, Head of Innovative Risk Solutions APAC, Swiss Re Corporate Solutions added...

Labuan IBFC partners with Tricor Group to Enhance Outreach in China

Labuan IBFC partners with Tricor Group to Enhance Outreach in China  Labuan International Business and Financial CentreInc Sdn Bhd(Labuan IBFC Inc.) and Tricor Group (Tricor) have inked a Memorandum of Understanding (MoU) that will enable both parties to mutually strengthen Labuan IBFC’s marketing outreach and market development initiatives in Greater China. “We are excited to further our cooperation with Tricor to expand Labuan IBFC’s value proposition to the Greater China region. This partnership will further strengthen our market footprint by offering Chinese based entities a viable substance enabling Asian based jurisdiction for all their international business needs,” said Farah Jaafar-Crosby, CEO of Labuan...

Labuan IBFC and Swiss Re Corporate Solutions to Enhance Awareness on Captive Insurance in Malaysia and Asia

Labuan IBFC and Swiss Re Corporate Solutions will be jointly hosting the “Adding Confidence to Captives: Managing Volatility via Self Insurance” conference   The Labuan International Business and Financial Centre (Labuan IBFC) and Swiss Re Corporate Solutions have announced that they will be jointly organising a conference titled “Adding Confidence to Captives: Managing Volatility via Self Insurance” on 7 August in Kuala Lumpur. “We are delighted to partner with Swiss Re Corporate Solutions, one of the world’s leading providers of (re)insurance, and look forward to providing insights on risk management via self-insurance, especially captive insurance,” said Farah Jaafar-Crossby, CEO of Labuan...
中文

Interview - Labuan Company Formation

What are the advantages of the jurisdiction for Chinese investors? What makes Labuan different from other jurisdictions for Chinese investors? Labuan is part of Malaysia and therefore closer than many other jurisdictions. It is in the same time zone, has many native Chinese speakers and is part of a larger economy. It also has tax treaties withChina, Hong Kong and Taiwan. What types of companies can be opened? The preferred company type is a company limited by shares, the Labuan Company. Protected Cell Companies, Limited Partnerships, Foundations and Trusts are also provided for. What are the requirements for company formation...

Labuan Financial Services Authority (LABUAN FSA) and China Banking and Insurance Regulatory Commission (CBIRC) commit to greater regulatory co-operation and collaboration

BEIJING, 19 March 2019 - The Labuan Financial Services Authority (Labuan FSA) and China Banking and Insurance Regulatory Commission (CBIRC) have entered into a Memorandum of Understanding (MoU) to foster greater co-operation and collaboration in regulatory and supervisory areas. The MoU provides the platform for Labuan FSA and CBIRC to enhance the regulatory and supervisory oversight of cross border branches and subsidiaries of China and Labuan based banks and insurance entities. In addition, through the MoU, the Authorities can undertake initiatives which are mutually beneficial for the development of financial businesses relating to banking and insurance between the two jurisdictions. It...
中文

Profile - Labuan

Country:                    Malaysia - Labuan Region:                       Asia Pacific Currency:                  Any currency of choice except Malaysian Ringgit (MYR) Languages:   English, Malay, Chinese, Tamil Time Zone:     UTC +8 Phone Code:   +6087 Communications: Very Good Labuan is located off the coast of the state of Sabah in East Malaysia and is a Federal Territory of Malaysia. It is also designated as an international business and financial zone by the Malaysian Government since 1990. Known as Labuan International Business and Financial Centre (Labuan IBFC), itpresents a comprehensiveyet cost-efficient midshore solutions and structures toglobal investors and businesses. The jurisdiction offers...