Labuan IBFC's Tax-Efficient Structure Attracts Shrewd Investors

Labuan International Business and Financial Centre (Labuan IBFC) provides a wide spectrum of financial products and services for corporations and individuals, both in the conventional and Islamic space. The jurisdiction has moved beyond banking, capital markets, leasing and insurance to also include protected cell companies, partnerships, trusts, foundations and an international shipping registry, among others.

Conducting business in Labuan IBFC is affordable due to low operational overheads, business tax exemptions, personal income tax exemptions for foreign talent, a strong network of banks and financial institutions with global reach and the ability to access most of Malaysia's list of double tax agreements (DTA) with foreign jurisdictions. Modern commercial real estate and co-working facilities are also widely available and relatively inexpensive.