Labuan compared to other Asian jurisdictions such as Hong Kong, Singapore and RAK (Dubai)?
I am based in Europe and trying to seek the ideal jurisdiction for an offshore trust. I have read many positive things about Labuan.
I would like the trust to be in a country which maintains security and confidentiality, and is known as reputable. I am not seeking a jurisdiction considered to be a "tax haven", as the latter are being clamped down on by the US, UK, the OECD and the like.
How does trust law in Labuan compare to other Asian jurisdictions such as Hong Kong, Singapore and RAK (Dubai)?
As it has set-up offshore trust laws relatively recently compared to other jurisdictions, would you say it is a reliable place to do business?
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