LABUAN

Country:                     Labuan Region:                       AsiaPacific Currency:                   Any currency of choice except Malaysian Ringgit (MYR) Languages:     English, Malay, Chinese, Tamil Time Zone:     UTC +8 Phone Code:    +6087 Communications: Very Good Although Labuan is part of Malaysia, it has its own offshore regime. 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. Offshore companies engaged in trade pay...

JURISDICTION 2018

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...

FUNDS & FUNDS SERVICES JURISDICTION 2018

Executive Summary:The Government sees Labuan's future in terms of its financial sector, and in 1990 created the Labuan Offshore Financial Services Agency (although 'Offshore' has since been dropped from the title) alongside a batch of 'offshore' laws. 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 was established in 2000, aiming particularly at the listing of Islamic financial debt issues, and has had considerable successes.Malaysian taxes are moderately high, although on a territorial basis, but...

CORPORATE & FIDUCIARY JURISDICTION 2014

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 with China, 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...

CORPORATE & FIDUCIARY JURISDICTION 2014

Emerging markets in Asia aren't limited to just China and India. The countries that make up the Association of South East Asian Nations (ASEAN) are home to 8.8% of the world's population, and have a GDP larger than India. Growth rates in the region compete with the bigger countries, running between 6 and 8% in some of the top performers. And right in the center of it all is the island of Labuan, a Federal Territory of Malaysia and a tax-free port, situated approximately 8 kilometers off the North West coast of Borneo. After overhauling its legal framework in 2010...

CORPORATE & FIDUCIARY JURISDICTION 2014