October 2017
Insight
Plus
Direct from Asia Pacific's Leading Midshore Business and Financial Centre.
FEATURED

Building Legacy on a Foundation
PART I

There is a lot on the plate of international In the estate planning arena, there has been a flurry of activities in various common law jurisdictions in legislating and promoting the concept of private foundation as an alternative to trust.
 
These legislative efforts are reminiscent of the development in which common law trust or trust-like arrangements found their way into some civil law countries...
HIGHLIGHTS

The Labuan Financial Services Authority (Labuan FSA) has appointed Mr Danial Mah bin Abdullah as its new director-general for a three-year term, effective October 3.

The Drive Towards Transparency: Challenges and Opportunities in International Taxation

There has been unprecedented pressure on both tax neutral countries and the users of these tax efficient jurisdictions, to pay what is deemed a ‘fair’ amount of tax. This pressure has culminated in multilateral initiatives such as the base erosion profit shifting initiative and the common reporting standard, both aimed at changing the landscape of international tax planning forever.​

The World Wealth Report 2017 by Capgemini Financial Service

The World Wealth Report 2017 found that Asia-Pacific, North America and Europe contributed equally in pushing HNWI population and wealth up by 7.5% and 8.2% in 2016. While Asia-Pacific remains the world’s largest-HNWI market, its growth slowed slightly.​

A MESSAGE FROM US
Wealth management has always been a thriving sector in Labuan IBFC that continues to enjoy steady growth over the years.
 
This month, we are featuring an article by Millie Chan that discusses building a legacy via a private foundation. This article will be the first in a two-part series.
 
In the meantime, do look out for our branding perception survey. We are using this as a tool to find out how the jurisdiction has fared and how we can improve towards building stronger jurisdiction as well as to better our offering. We look forward to receiving your feedback.
 
We would also like to take this opportunity to wish all Hindus a Happy Deepavali.
events

Private Banking and Family Office Summit​

9.00 AM - 6.00 PM
Beijing, China

China Offshore Summit Series ​

9.30 AM - 5.00 PM
Shanghai, China​

14th Singapore International Reinsurance Conference ​

9.00 AM - 5.00 PM
Singapore

Partnership Synergy Between Malaysia’s Labuan IBFC and China’s “One Belt, One Road”

8.30 AM - 12.00 PM
Shanghai, China
reading list
Moritz Gubler of Alpadis Group explains the growing role that Labuan IBFC can play going forward in helping Asian clients meet their ever-complex wealth structuring goals.​
Islamic finance and the quest for common standards

While enjoying massive success, Islamic finance has developed in a piecemeal fashion, with many warning that global standardisation is needed if it is to avoid fragmentation and successfully push into frontier markets.

Recent disasters put spotlight on the role of captive insurance

Recent spate of natural disasters has put a spotlight on catastrophic losses and how captive insurance can play an "important role" in helping organisations “defray” some of the related financial losses.​

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