Labuan - A Welcome Mat For A New Era

High-net-worth individuals (HNWIs) or families and those involved in wealth management in search of a safe refuge can expect a warm welcome at Labuan International Business and Financial Centre (Labuan IBFC), especially now with the new and amended laws, enacted earlier in 2010.

The range of business entities permitted in the jurisdiction has been expanded to meet the changing needs of modern business and wealthy individuals. Depending on the objective, an investor can now structure a protected cell company (PCC), a limited partnership or limited liability partnership, a private trust company or a foundation. These options were previously not available in Labuan IBFC but the jurisdiction has now moved forward to broaden the opportunities.