About
LABUAN IBFC
The Midshore International Business and Financial Centre in Asia Pacific
Federal Territory of Labuan
This video is reproduced with permission of the copyright owner, Labuan Corporation.
Labuan derives its name from the Malay word “anchorage” and is fittingly Malaysia’s only deepwater anchorage. It is made up of a cluster of seven small islands off the coast of East Malaysia, of which the homonymous Labuan Island is the largest.

Located on the major shipping and air routes of the Asia Pacific region, Labuan is also one of Malaysia’s federal territories. It boasts excellent physical infrastructure with a state-of-the-art telecommunications system, which makes conducting international business transactions convenient.

As a Commonwealth country, the Malaysian legal system is based on common law, which also extends to its federal territories, including Labuan. All legal cases in Labuan are ultimately handled by the High Court of Sabah, with appeal resting with the Court of Appeal, and final appeal with the Federal Court of Malaysia. All parties that contract within Labuan IBFC’s legal parameters have recourse to arbitration, should it be preferred.

In 1990, Labuan was designated an international financial centre. In addition, it is one of three tax free islands in the country, which makes all goods sold in Labuan free of Malaysian tax. Aside from financial services, Labuan is also a hub for oil and gas, providing refining and support services to rigs scattered on the western seaboard of Borneo.
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