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The British Virgin Islands

What are the advantages of the jurisdiction for Chinese investors?There are quite a few advantages of using the BVI, including tax benefits, the establishment of TIEA agreements, competitive offerings and a swift time to market. What types of companies can be opened? Company limited by shares; Company limited by guarantee not authorized to issue shares; Company limited by guarantee authorized to issue shares; Unlimited company not authorized to issue shares; Segregated portfolio company; Restricted purpose company; Private trust company; Shareless companies are also permitted. The preferred type of company for international transactions is a company limited by shares. What are...

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...

Government Tolerance Exhibitionto be held on the sidelines of the World Tolerance Summit in Dubai

Dubai -United Arab Emirates An exhibition titled “Government Tolerance Exhibition” will be held on the sidelines of World Tolerance Summit (WTS) from November 13-14 under the patronage of His Highness Sheikh Mohammed bin Rashid, Vice-President and Prime Minister of the UAE, and Ruler of Dubai. This year’s summitis themed Tolerance in Multiculturalism: Achieving the Social, Economic and Humane Benefits of a Tolerant World. The exhibition is aimed at highlighting initiatives and innovative projects implemented by government agencies in promoting coexistence and respect for diversity and pluralism at workplaces in line with the values of the Founding Father, the Late Sheikh...

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 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...

Over 300 Investors are Gathering in AIM One Belt, One Road Forum – Register Now!

China is continuously connecting to the outside world through a series of long-term investments. Known as the One Belt and One Road, the massive construction project aims to revive the transportation routes connecting China to the rest of the continent, Africa, Europe, and Middle East.It is considered to be one of the most ambitious geo-economic initiatives in history. The initiative contains two international trade connections: the land-based Silk Road Economic Belt (SREB) and ocean-going Maritime Silk Road (MSR). What you need to know about theOne Belt, One Road Initiative Spans to around 70 countries through several land corridors and maritime routes Covers...

AIM Startup 2019 unveils summit agenda

Adib Al-Afifi: “AIM Startup 2019 is a great opportunity for investment entities and investors from around the world.” February 19, 2019, Dubai, UAE The National Program for Small and Medium Sized Enterprises and Projects of the Ministry of Economy, held a press conference for the launch of AIM Starup 2019 with the theme “Harnessing Global Digitization to Empower Startups and SMEs” which will be held on 8-10 April 2019 at the Dubai World Trade Centre. The speakers shed light on the plans and initiatives of the National Program for SMEs and Projects for 2019, which will seek to attract more...

China to expand investment in UAE through Annual Investment Meeting

With US $70 billion non-oil trade with UAE by 2020 China looking to expand its investment through participation in Annual Investment Meeting        The United Arab Emirates has managed to achieve a qualitative leap in its economy during the recent years due to the adoption of forward-looking strategy and in anticipation of strategic plans for the future. This move has strengthened UAE’s position on the map of world economy. UAE enjoys privileged relations with various countries of the world, particularly the Republic of China. Volume of non-oil trade between UAE and China is expected to reach $70 billion by 2020. The bilateral relations between China and UAE...