MALAYSIA

Labuan FSA shall ensure a sound, stable and dynamic Labuan International Business and Financial Centre for Asia, by committing to the highest principles and its core values.

Labuan Financial Services Authority (Labuan FSA) was established on 15 February 1996 under the Labuan Financial Services Authority Act 1996. Labuan FSA is the statutory body responsible for the development and administration of the Labuan International Business and Financial Centre (Labuan IBFC). Labuan FSA’s key role is to license and regulate licensed entities operating within Labuan IBFC and to ensure all such entities remain in compliance with the internal and international best standards adopted by the jurisdiction. Labuan FSA also develops policies for the orderly conduct of business and financial services in Labuan IBFC.

Strategically located in the heart of Asia Pacific, Labuan IBFC is well positioned to benefit from one of the fastest growing areas in the world, providing great opportunities for worldwide companies seeking entry into Asia’s growing markets.

Labuan IBFC boasts a wide variety of business and investment structures helping with cross-border transactions, company negotiations and wealth management requirements. These unique qualities offer sound alternatives for regional companies going international or worldwide companies considering penetrating Asia’s growing markets.

Labuan IBFC’s simple and straightforward tax system applies to Labuan entities carrying on a Labuan business activity under the Labuan Business Activity Tax Act 1990. It has an unambiguous fiscal framework that provides an ideal ecosystem for global companies to house their international dealings and transactions.

Labuan IBFC, controlled by Labuan FSA, has a detailed, contemporary and globally-recognized regulatory structure. The jurisdiction’s adherence to worldwide standards and finest practices in financial services and prudential supervision, including methods on anti-money laundering and exchange of information and governing requirements set by the Organization of Economic Co-operation and Development (OECD), enhances Labuan IBFC’s commitment to guaranteeing a safe and safe business environment.