Continued growth across the board in 2018, entrenching Labuan IBFC’s role as Asia’s preferred midshore business and financial centre.Continued growth across the board in 2018, entrenching Labuan IBFC’s role as Asia’s preferred midshore business and financial centre.Find out more in Labuan IBFC’s inaugural market report.- 12.5% growth in company incorporation
- 11.5% growth in trust and corporate service providers
- 19.1% growth in insurance premiums; 64.7% of which was foreign business
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06 November 2019
Kindly be informed that Labuan FSA has issued a Circular on Payment of Fees and Other Chargeable in United States Dollar (USD) Denomination on 1 November 2019. In this regard, all industry players are required to make payment of licence, registration, approval and processing fee in USD denomination with effect from 1 January 2020. In addition, all Labuan licensed entities are statutorily required to pay their annual licence fees in USD denomination, on or before 15 January 2020.
We also wish to inform that all fees charged are based on the Regulations and shall be paid directly to the bank account of Labuan FSA. Industry players are advised to refer to the Circular on the fee charged by Labuan FSA to avoid unnecessary payment to irresponsible party(s). Please contact us should you require further clarification.
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