With Asian companies on the verge of embracing the use of captives as a form of risk management and transfer, leading to an explosion in their use, Labuan IBFC is well positioned as the domicile that could benefit most from this, as Danial Mah Abdullah, its chief executive, tells EMEA Captive.
In the US, more than 90 percent of Fortune 1000 companies own a captive in some shape or form. In Asia-Pacific, this figure is closer to 15 percent of the region’s bigger companies, and there are huge regional variations within this. A tried and tested risk transfer mechanism in developed markets, the use of captives and protected cell companies (PCCs) in ......