Labuan Business, Taxation and Offshore Information
Labuan is centrally located in Southeast Asia
Labuan, a federal territory of Malaysia, lies in the heart of the ASEAN region. The island has an area of 92 km2 and a population of just under 100,000 (2019 estimate). It is mostly flat, has a good harbour and an airport served by Malaysia Airlines and others. Ethnically, Labuan has a mixed Asian population. Bahasa Malaysia (also known as Malay) is the official language and is English is widely used. The climate is tropical and there are extended monsoon periods.
Labuan FSA runs the offshore sector . . . .The Malaysian government sees Labuan's future in terms of its financial sector, and in 1990 created the Labuan Offshore Financial Services Agency. It is now known as the Labuan FSA, as ‘offshore' was dropped from the title along with a batch of 'offshore' laws. Labuanese companies can make use of Malaysia's extensive double tax treaty network, and as a result the island has become a preferred conduit for foreign direct investment to a number of ASEAN countries. A stock exchange was established in 2000, aiming particularly at the listing of Islamic financial debt issues, and has had considerable successes. More »