FOREWORD
This Business Guide aims to provide a practical reference point to the Labuan International Business and Financial Centre (Labuan IBFC). It includes broad details of its financial, legal and fiscal infrastructure, as well as the products and services available.
Labuan IBFC's legislative framework is the pillar of the jurisdiction, and in order to fully understand the provisions contained here, certain references to Sections of the corresponding Acts have been indicated. These Acts establish the range of products and services available in Labuan IBFC and enshrine the Labuan Financial Services Authority's (Labuan FSA's) mandate on governance and regulation of the jurisdiction.
Unlike most other jurisdictions, Labuan FSA is a one-stop regulator dealing with all matters relating to the financial centre, while Malaysia's Inland Revenue Board acts as Labuan IBFC's tax authority.
In addition, reference should also be made to Labuan FSA's guidelines on business practices, conduct, minimum requirements and supervisory requirements, which are available at www.labuanibfc.com. Please note that all information contained here is subject to change and is current as of 2015.
To read this article in full, please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
