It is no mere coincidence that Labuan derives its name from the
word "labuhan" or a port. Its naturally deep,
well-sheltered harbour established Labuan's early position as a
strategic maritime port from the 1800s. Some have even opined that
Admiral Cheng Ho, the early Chinese mariner, explorer and diplomat,
would have had to stop by Labuan in his epic journey from China to
the West. With his armada of 400 ships, that would have been a
sight to behold!
Since then, Labuan IBFC's role as a wholesale financial
intermediation centre continues to attract visitors and users with
our pragmatic midshore proposition – offering the ease of
doing business combined with high international standards of
regulation and supervision found onshore. In this age of
transparency, Asia-based businesses welcome a well-regulated,
transparent and substance-enabling environment with diversified
products and solutions.
