ARTICLE · 20 JUNE 2018

New Guidelines For Leasing Businesses In Labuan, Malaysia

TMF Group BV

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In order to improve the economy and to realign Labuan's fiscal rules with Base Erosion and Profit Shifting (BEPS), the Labuan Financial Services Authority (LFSA) has released new guidelines for setting up leasing businesses.

MalaysiaFinance and Banking

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In order to improve the economy and to realign Labuan's fiscal rules with Base Erosion and Profit Shifting (BEPS), the Labuan Financial Services Authority (LFSA) has released new guidelines for setting up leasing businesses.

If your company is considering starting a leasing business, or is already running one, you will need to understand these new guidelines.

Many companies are showing interest in establishing leasing businesses in Labuan based on growing demand for aircraft fleets, as well as specialised equipment and vessels in the oil and gas industry. In 2017, Labuan registered a total of US$48.8 bn in total leased assets, with a 57% coming from the oil and gas sector.

The new guidelines came into effect on 1 January 2018 with two substantive changes. Here's what you should know:

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