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About Labuan

LABUAN: A BEAUTIFUL PLACE TO LIVE AND DO BUSINESS

Located in a place of beauty and wealth, Labuan is an island off Malaysia and an increasingly popular choice of offshore jurisdiction in the South East Asia region.

Federal Territory of Labuan is part of Malaysia and the Malaysian government has introduced many incentives for businesses based on the island. These include a reduction or exemption of income tax and stamp duty fees for individuals and companies doing business in Labuan.

Established as an International Offshore Financial Centre (IOFC) in 1990, this name was changed in January 2008 to Labuan International Business and Financial Centre (Labuan IBFC) to reflect its expanding status as a place to conduct offshore business. In 1996, the regulatory body Labuan Financial Services Authority (Labuan FSA) was created to promote and develop Labuan as a business and fiscal heart.

The Labuan FSA provides a legal framework to ensure industry can develop, works to make corporate life on the island more efficient, and continues to attract professionals and skilled workers to live and work in the Labuan IBFC.

The island enjoys warm and sunny days throughout the year, with plenty of golden beaches to watch the sun rise and set, for swimming or diving, or simply to admire the view.

Situated 8 miles off the coast of Borneo, Labuan is strategically placed in the world of international business. The markets of Malaysia, Singapore, India and China are all accessible. The island itself is well connected. There is an airport with flights connecting from Kuala Lumpur, Brunei and Kota Kinabalu, and an international ferry terminal so enjoying a short business trip or longer stay in Labuan is easy.