25 Years On: Labuan IBFC's Evolution As Asia's Leading Midshore Jurisdiction

Sixteen years into the new millennium of 2000, Asia has cemented its place as the world's premier go-to destination for growth and opening of markets, and the land of untold development opportunities.

Attracted by robust domestic consumption, a growing middle class, massive urbanisation, youthful and still-growing populations and rising incomes, inbound wealth flows have been vast.

In mere foreign direct investment terms (FDI), more global capital has homed in on Asia for its tremendous economic potential, than any other region. In 2014 alone, the region received FDI worth US$465 billion surpassing that to Europe (US$289 billion) and North America (US$146 billion).

As a result of its influence on the global economic stage, there has been a wealth boom, both for corporates and individuals.