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How does Labuan compare to other jurisdictions in terms of privacy and security?

Asked in Offshore (General) for Labuan

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How does Labuan compare to Hong Kong, Singapore and RAK (Dubai) as a place to set-up an offshore trust and IBC?

What are the relative strengths and weaknesses of these jurisdictions please?

Is Labuan likely to be clamped down on and forced to abide by disclosure and automatic exchange regulations and the like by the OECD, UK authorities etc. just as most other offshore jurisdictions have been in recent times?

Thank you.
 
Offshore Labuan Hong Kong Regulation Dubai Singapore
 
Posted by Johnson on May 25, 2013 at 01:13
 

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I have had a very poor experience of Labuan personally, when I emailed service providers to set-up an IBC and trust. I tried to contact over 40 service providers there and most of them didn't even reply and of the very small number that did, I just got three sentence responses! And, farcically, these companies expect to make thousands of dollars by setting up IBCs and trusts for people. No wonder Labuan is considered to be a backwater.

Does anybody else have positive or negative experiences of Labuan in terms of setting up an offshore structure there?

What are banking services like in Labuan?

Thank you.
 
Posted by Andrew on Dec 02, 2014 at 00:47
 

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