Being at the heart of Asia is ideal for an international business and financial centre such as Labuan IBFC, due to it being geographically close and within similar time zones with most Asian countries. It is also easily accessible through flights. The jurisdiction is further fuelled by robust business and tax policies, in a currency and tax neutral as well as proportionate regulatory environment.
Such advantages have given Labuan IBFC the edge in connecting Asia’s economies though the intermediation of trade, investment and asset intermediation. Hence it is not a surprise that Labuan IBFC is growing in prominence as a regional financial intermediation centre, as witnessed by market growths in 2018.
The growth experienced by the jurisdiction has been consistent and constant over the close to three decades it has been in existence, and in fact over the last couple of years we have seen a surge in interest in Labuan IBFC mainly due to the flight of quality precipitated by the changes in global tax rules and standards.
In a way, the fact that Labuan IBFC has retained and maintained its global gold standard in terms of international business companies, as well as the range and breath of corporate and wealth management solutions available in the Labuan “toolbox” has created a go to midshore financial centre in the centre of Asia.
Looking forward we are not resting on our laurels. The ethos running through the jurisdiction is clear: it is to facilitate inter/intra Asia’s financial, investment dealings. Our focus will always be on Asia. For businesses, investments and risk management entities looking for a currency and tax neutral, cost-efficient operating environment, coupled with a one stop regulator with an open mindset exercising proportionality in regulations – the answer is Labuan IBFC. We intend to grow with and facilitate the growth of Asia.